Balyasny Asset Management L.P. Has $23.02 Million Stake in Helix Energy Solutions Group, Inc. (NYSE:HLX)

Balyasny Asset Management L.P. grew its holdings in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX - Free Report) by 356.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,469,684 shares of the oil and gas company's stock after purchasing an additional 1,928,691 shares during the quarter. Balyasny Asset Management L.P. owned about 1.62% of Helix Energy Solutions Group worth $23,017,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Quarry LP raised its stake in shares of Helix Energy Solutions Group by 79.8% in the 4th quarter. Quarry LP now owns 4,776 shares of the oil and gas company's stock valued at $45,000 after acquiring an additional 2,120 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in shares of Helix Energy Solutions Group by 143.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 4,930 shares of the oil and gas company's stock valued at $45,000 after acquiring an additional 2,902 shares in the last quarter. KBC Group NV raised its stake in shares of Helix Energy Solutions Group by 61.8% in the 4th quarter. KBC Group NV now owns 9,136 shares of the oil and gas company's stock valued at $85,000 after acquiring an additional 3,491 shares in the last quarter. Vontobel Holding Ltd. bought a new position in shares of Helix Energy Solutions Group in the 4th quarter valued at approximately $93,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of Helix Energy Solutions Group in the 4th quarter valued at approximately $99,000. Institutional investors own 91.33% of the company's stock.

Helix Energy Solutions Group Price Performance

NYSE:HLX traded up $0.35 during trading hours on Monday, reaching $6.89. The company had a trading volume of 492,471 shares, compared to its average volume of 1,848,191. The stock has a 50-day moving average of $7.26 and a two-hundred day moving average of $8.55. Helix Energy Solutions Group, Inc. has a one year low of $5.66 and a one year high of $13.05. The firm has a market capitalization of $1.04 billion, a PE ratio of 172.67 and a beta of 1.69. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.19.

Helix Energy Solutions Group (NYSE:HLX - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The oil and gas company reported $0.02 EPS for the quarter, topping analysts' consensus estimates of ($0.05) by $0.07. The company had revenue of $278.06 million for the quarter, compared to analyst estimates of $285.06 million. Helix Energy Solutions Group had a return on equity of 4.39% and a net margin of 0.54%. Analysts forecast that Helix Energy Solutions Group, Inc. will post 0.26 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Raymond James downgraded Helix Energy Solutions Group from a "strong-buy" rating to an "outperform" rating and dropped their price target for the stock from $14.00 to $10.00 in a research report on Friday, April 25th.

Helix Energy Solutions Group Company Profile

Helix Energy Solutions Group, Inc, together with its subsidiaries, an offshore energy services company, provides specialty services to the offshore energy industry in Brazil, the Gulf of Mexico, the East Coast of the United States, North Sea, the Asia Pacific, and West Africa regions. The company operates through four segments: Well Intervention, Robotics, Production Facilities, and Shallow Water Abandonment segments.