Royce & Associates LP Acquires 57,880 Shares of Helix Energy Solutions Group, Inc. $HLX

Royce & Associates LP boosted its holdings in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX) by 52.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 168,333 shares of the oil and gas company’s stock after buying an additional 57,880 shares during the quarter. Royce & Associates LP’s holdings in Helix Energy Solutions Group were worth $1,104,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Police & Firemen s Retirement System of New Jersey boosted its position in Helix Energy Solutions Group by 6.5% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 31,179 shares of the oil and gas company’s stock worth $195,000 after purchasing an additional 1,912 shares during the period. Corient Private Wealth LLC raised its position in shares of Helix Energy Solutions Group by 10.0% in the second quarter. Corient Private Wealth LLC now owns 24,104 shares of the oil and gas company’s stock valued at $150,000 after purchasing an additional 2,183 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of Helix Energy Solutions Group by 6.9% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 36,570 shares of the oil and gas company’s stock valued at $228,000 after purchasing an additional 2,354 shares during the period. Intech Investment Management LLC lifted its stake in shares of Helix Energy Solutions Group by 1.7% during the 3rd quarter. Intech Investment Management LLC now owns 162,722 shares of the oil and gas company’s stock worth $1,067,000 after buying an additional 2,644 shares during the last quarter. Finally, AlphaQuest LLC lifted its stake in shares of Helix Energy Solutions Group by 49.3% during the 2nd quarter. AlphaQuest LLC now owns 8,877 shares of the oil and gas company’s stock worth $55,000 after buying an additional 2,930 shares during the last quarter. Institutional investors and hedge funds own 91.33% of the company’s stock.

Wall Street Analyst Weigh In

HLX has been the topic of a number of research reports. Weiss Ratings reiterated a “hold (c-)” rating on shares of Helix Energy Solutions Group in a research note on Monday, December 29th. Zacks Research upgraded shares of Helix Energy Solutions Group from a “strong sell” rating to a “hold” rating in a research report on Thursday, November 20th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $10.50.

Helix Energy Solutions Group Stock Performance

Helix Energy Solutions Group stock opened at $8.95 on Friday. The company has a quick ratio of 2.75, a current ratio of 2.75 and a debt-to-equity ratio of 0.19. The stock has a market cap of $1.32 billion, a PE ratio of 42.62 and a beta of 1.21. Helix Energy Solutions Group, Inc. has a 12-month low of $5.52 and a 12-month high of $10.75. The business’s 50-day moving average price is $7.98 and its two-hundred day moving average price is $7.06.

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 analysts’ consensus estimates 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 business’s revenue for the quarter was down 5.9% compared to the same quarter last year. As a group, analysts expect that Helix Energy Solutions Group, Inc. will post 0.26 earnings per share for the current fiscal year.

About Helix Energy Solutions Group

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.