875,202 Shares in Helix Energy Solutions Group, Inc. $HLX Purchased by Jupiter Topco LLC

Jupiter Topco LLC acquired a new stake in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 875,202 shares of the oil and gas company’s stock, valued at approximately $7,650,000. Jupiter Topco LLC owned approximately 0.59% of Helix Energy Solutions Group at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. AQR Capital Management LLC grew its position in shares of Helix Energy Solutions Group by 530.1% in the first quarter. AQR Capital Management LLC now owns 235,208 shares of the oil and gas company’s stock valued at $1,955,000 after purchasing an additional 197,882 shares in the last quarter. Caxton Associates LLP purchased a new stake in Helix Energy Solutions Group in the 1st quarter valued at $184,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Helix Energy Solutions Group by 9.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 373,201 shares of the oil and gas company’s stock valued at $3,101,000 after buying an additional 32,643 shares in the last quarter. Jane Street Group LLC increased its stake in shares of Helix Energy Solutions Group by 1,836.3% in the 1st quarter. Jane Street Group LLC now owns 378,195 shares of the oil and gas company’s stock worth $3,143,000 after acquiring an additional 358,663 shares during the last quarter. Finally, Strs Ohio purchased a new position in shares of Helix Energy Solutions Group during the 1st quarter worth $89,000. 91.33% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on HLX shares. Wall Street Zen downgraded shares of Helix Energy Solutions Group from a “buy” rating to a “hold” rating in a research note on Sunday, August 16th. Weiss Ratings raised shares of Helix Energy Solutions Group from a “sell (d+)” rating to a “hold (c)” rating in a research note on Tuesday, August 11th. One equities research analyst has 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 an average rating of “Hold” and an average target price of $14.00.

Helix Energy Solutions Group Stock Performance

NYSE HLX opened at $10.14 on Monday. The company has a debt-to-equity ratio of 0.19, a current ratio of 3.47 and a quick ratio of 3.47. The stock has a market capitalization of $1.49 billion, a P/E ratio of 37.56 and a beta of 1.14. The firm’s 50-day moving average is $9.50 and its two-hundred day moving average is $9.51. Helix Energy Solutions Group, Inc. has a 12 month low of $6.03 and a 12 month high of $10.75.

Helix Energy Solutions Group (NYSE:HLX) last posted its earnings results on Thursday, August 6th. The oil and gas company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.02. The firm had revenue of $304.02 million for the quarter, compared to analyst estimates of $314.56 million. Helix Energy Solutions Group had a return on equity of 2.95% and a net margin of 3.04%. On average, sell-side analysts anticipate that Helix Energy Solutions Group, Inc. will post 0.28 earnings per share for the current year.

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.