Bridgeway Capital Management LLC Acquires 879,437 Shares of Helix Energy Solutions Group, Inc. (NYSE:HLX)

Bridgeway Capital Management LLC grew its holdings in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX - Free Report) by 738.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 998,485 shares of the oil and gas company's stock after acquiring an additional 879,437 shares during the period. Bridgeway Capital Management LLC owned about 0.66% of Helix Energy Solutions Group worth $9,306,000 as of its most recent SEC filing.

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

Helix Energy Solutions Group Trading Up 4.4%

Shares of NYSE HLX traded up $0.29 during mid-day trading on Monday, hitting $6.83. 572,484 shares of the company traded hands, compared to its average volume of 1,848,364. 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, Inc. has a 1 year low of $5.66 and a 1 year high of $13.05. The stock has a market capitalization of $1.03 billion, a price-to-earnings ratio of 170.92 and a beta of 1.69. The business has a 50 day moving average of $7.26 and a two-hundred day moving average of $8.55.

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

Wall Street Analyst Weigh In

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

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.