CANADA LIFE ASSURANCE Co Buys 103,197 Shares of Helix Energy Solutions Group, Inc. (NYSE:HLX)

CANADA LIFE ASSURANCE Co boosted its stake in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX - Free Report) by 72.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 245,219 shares of the oil and gas company's stock after purchasing an additional 103,197 shares during the period. CANADA LIFE ASSURANCE Co owned about 0.16% of Helix Energy Solutions Group worth $2,282,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Smartleaf Asset Management LLC lifted its holdings in shares of Helix Energy Solutions Group by 143.1% during 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 buying an additional 2,902 shares during the period. KBC Group NV lifted its holdings in Helix Energy Solutions Group by 61.8% in the fourth 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 during the period. Vontobel Holding Ltd. purchased a new position in Helix Energy Solutions Group in the fourth quarter worth about $93,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Helix Energy Solutions Group during the 4th quarter valued at about $99,000. Finally, Inceptionr LLC purchased a new stake in shares of Helix Energy Solutions Group during the 4th quarter valued at about $113,000. Hedge funds and other institutional investors own 91.33% of the company's stock.

Wall Street Analyst Weigh In

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

Helix Energy Solutions Group Stock Performance

NYSE:HLX traded up $0.13 during mid-day trading on Thursday, hitting $6.22. 799,126 shares of the company traded hands, compared to its average volume of 1,820,295. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.19. The stock's fifty day moving average price is $7.50 and its 200-day moving average price is $8.74. The firm has a market cap of $941.76 million, a price-to-earnings ratio of 155.94 and a beta of 1.91. Helix Energy Solutions Group, Inc. has a one year low of $5.66 and a one year high of $13.05.

Helix Energy Solutions Group (NYSE:HLX - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The oil and gas company reported $0.02 earnings per share (EPS) for the quarter, beating 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 company had revenue of $278.06 million during the quarter, compared to the consensus estimate of $285.06 million. Research analysts anticipate 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.