Acuitas Investments LLC Acquires 72,604 Shares of Helix Energy Solutions Group, Inc. (NYSE:HLX)

Acuitas Investments LLC lifted its position in Helix Energy Solutions Group, Inc. (NYSE:HLX - Free Report) by 21.1% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 416,006 shares of the oil and gas company's stock after purchasing an additional 72,604 shares during the period. Helix Energy Solutions Group comprises approximately 2.9% of Acuitas Investments LLC's portfolio, making the stock its 12th biggest holding. Acuitas Investments LLC owned about 0.27% of Helix Energy Solutions Group worth $3,457,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Sunbelt Securities Inc. purchased a new stake in shares of Helix Energy Solutions Group in the 4th quarter worth about $34,000. Smartleaf Asset Management LLC grew 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 worth $45,000 after acquiring an additional 2,902 shares during the period. Quarry LP raised its position 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 worth $45,000 after acquiring an additional 2,120 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in shares of Helix Energy Solutions Group during the fourth quarter valued at approximately $99,000. Finally, Quantinno Capital Management LP bought a new stake in shares of Helix Energy Solutions Group during the fourth quarter valued at approximately $110,000. 91.33% of the stock is owned by hedge funds and other institutional investors.

Helix Energy Solutions Group Stock Up 2.0%

Shares of HLX stock traded up $0.13 during trading hours on Wednesday, hitting $6.55. 1,671,746 shares of the company's stock traded hands, compared to its average volume of 1,765,707. The company has a quick ratio of 2.28, a current ratio of 2.28 and a debt-to-equity ratio of 0.20. The stock's fifty day simple moving average is $6.55 and its two-hundred day simple moving average is $7.64. Helix Energy Solutions Group, Inc. has a 12-month low of $5.66 and a 12-month high of $13.05. The stock has a market cap of $992.52 million, a price-to-earnings ratio of 11.91 and a beta of 1.57.

Helix Energy Solutions Group (NYSE:HLX - Get Free Report) last released its 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 return on equity of 5.54% and a net margin of 6.34%. The business had revenue of $278.06 million for the quarter, compared to the consensus estimate of $285.06 million. On average, analysts expect that Helix Energy Solutions Group, Inc. will post 0.26 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Raymond James Financial lowered Helix Energy Solutions Group from a "strong-buy" rating to an "outperform" rating and lowered their price objective for the company from $14.00 to $10.00 in a research 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.