Tudor Investment Corp ET AL Invests $799,000 in Helix Energy Solutions Group, Inc. $HLX

Tudor Investment Corp ET AL bought a new position in Helix Energy Solutions Group, Inc. (NYSE:HLX) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 121,835 shares of the oil and gas company’s stock, valued at approximately $799,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Principal Financial Group Inc. increased its position in shares of Helix Energy Solutions Group by 109.8% in the third quarter. Principal Financial Group Inc. now owns 4,804,147 shares of the oil and gas company’s stock valued at $31,515,000 after acquiring an additional 2,514,402 shares during the period. Cresset Asset Management LLC boosted its holdings in shares of Helix Energy Solutions Group by 1,671.0% during the second quarter. Cresset Asset Management LLC now owns 193,087 shares of the oil and gas company’s stock worth $1,205,000 after purchasing an additional 182,184 shares during the period. Acuitas Investments LLC boosted its holdings in shares of Helix Energy Solutions Group by 63.8% during the third quarter. Acuitas Investments LLC now owns 681,610 shares of the oil and gas company’s stock worth $4,471,000 after purchasing an additional 265,604 shares during the period. Cerity Partners LLC bought a new stake in shares of Helix Energy Solutions Group in the second quarter worth about $8,108,000. Finally, Gate City Capital Management LLC grew its stake in shares of Helix Energy Solutions Group by 8.5% in the second quarter. Gate City Capital Management LLC now owns 3,581,525 shares of the oil and gas company’s stock worth $22,349,000 after purchasing an additional 281,771 shares during the last quarter. 91.33% of the stock is currently owned by institutional investors.

Helix Energy Solutions Group Stock Down 3.3%

Shares of Helix Energy Solutions Group stock opened at $9.77 on Tuesday. The company has a current ratio of 2.75, a quick ratio of 2.75 and a debt-to-equity ratio of 0.19. Helix Energy Solutions Group, Inc. has a 12-month low of $5.52 and a 12-month high of $10.75. The company has a market cap of $1.44 billion, a P/E ratio of 46.50 and a beta of 1.20. The company’s fifty day simple moving average is $8.83 and its two-hundred day simple moving average is $7.43.

Helix Energy Solutions Group (NYSE:HLX) last posted its earnings results on Monday, February 23rd. The oil and gas company reported $0.06 EPS for the quarter, topping the consensus estimate of ($0.02) by $0.08. The firm had revenue of $334.16 million during the quarter, compared to analysts’ expectations of $304.67 million. Helix Energy Solutions Group had a net margin of 2.39% and a return on equity of 2.88%. The firm’s quarterly revenue was down 5.9% on a year-over-year basis. Research analysts anticipate that Helix Energy Solutions Group, Inc. will post 0.26 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Helix Energy Solutions Group in a research report on Monday, December 29th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Helix Energy Solutions Group has a consensus rating of “Moderate Buy” and an average target price of $10.50.

Helix Energy Solutions Group Profile

Helix Energy Solutions Group, Inc (NYSE: HLX) is a Houston-based provider of offshore well intervention and robotics services to the global energy industry. The company specializes in extending the productive life of subsea wells through hydraulic workover systems, coiled tubing operations and riser-based wireline services. In addition, Helix offers remotely operated vehicle (ROV) support, inspection, maintenance and repair for subsea infrastructure.

Operating through three core business segments—Well Intervention, Robotics & Subsea Services and Production Facilities—Helix deploys purpose-built vessels, specialized equipment and engineering expertise to execute complex offshore projects.