Bridgeway Capital Management LLC Has $9.31 Million Stake in Helix Energy Solutions Group, Inc. (NYSE:HLX)

Bridgeway Capital Management LLC increased its position in Helix Energy Solutions Group, Inc. (NYSE:HLX - Free Report) by 738.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 998,485 shares of the oil and gas company's stock after purchasing an additional 879,437 shares during the quarter. Bridgeway Capital Management LLC owned approximately 0.66% of Helix Energy Solutions Group worth $9,306,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of HLX. Balyasny Asset Management L.P. boosted its position in shares of Helix Energy Solutions Group by 356.5% during the 4th quarter. Balyasny Asset Management L.P. now owns 2,469,684 shares of the oil and gas company's stock valued at $23,017,000 after acquiring an additional 1,928,691 shares in the last quarter. Pacer Advisors Inc. lifted its stake in Helix Energy Solutions Group by 16.4% during the fourth quarter. Pacer Advisors Inc. now owns 6,546,820 shares of the oil and gas company's stock worth $61,016,000 after purchasing an additional 923,477 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Helix Energy Solutions Group in the 4th quarter valued at approximately $6,070,000. Forge First Asset Management Inc. acquired a new position in shares of Helix Energy Solutions Group in the 4th quarter worth approximately $5,565,000. Finally, Principal Financial Group Inc. lifted its position in shares of Helix Energy Solutions Group by 38.6% during the 3rd quarter. Principal Financial Group Inc. now owns 2,064,809 shares of the oil and gas company's stock worth $22,919,000 after buying an additional 575,450 shares during the period. Institutional investors and hedge funds own 91.33% of the company's stock.

Wall Street Analysts Forecast Growth

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

Helix Energy Solutions Group Price Performance

Shares of Helix Energy Solutions Group stock opened at $6.49 on Wednesday. The stock has a market capitalization of $983.88 million, a price-to-earnings ratio of 162.37 and a beta of 1.69. The firm's 50-day moving average price is $7.35 and its two-hundred day moving average price is $8.62. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.19. Helix Energy Solutions Group, Inc. has a 1-year low of $5.66 and a 1-year high of $13.05.

Helix Energy Solutions Group (NYSE:HLX - Get Free Report) last released its quarterly earnings results 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. Helix Energy Solutions Group had a return on equity of 4.39% and a net margin of 0.54%. The business had revenue of $278.06 million for the quarter, compared to analyst estimates of $285.06 million. On average, equities analysts predict that Helix Energy Solutions Group, Inc. will post 0.26 earnings per share for the current fiscal year.

Helix Energy Solutions Group 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.

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