Acuitas Investments LLC Has $3.46 Million Stock Holdings in Helix Energy Solutions Group, Inc. (NYSE:HLX)

Acuitas Investments LLC grew its stake in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX - Free Report) by 21.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 416,006 shares of the oil and gas company's stock after acquiring an additional 72,604 shares during the period. Helix Energy Solutions Group comprises approximately 2.9% of Acuitas Investments LLC's holdings, making the stock its 12th biggest position. Acuitas Investments LLC owned 0.27% of Helix Energy Solutions Group worth $3,457,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of HLX. Vanguard Group Inc. boosted its holdings in Helix Energy Solutions Group by 2.5% in the fourth quarter. Vanguard Group Inc. now owns 14,049,438 shares of the oil and gas company's stock worth $130,941,000 after purchasing an additional 343,673 shares during the period. American Century Companies Inc. raised its holdings in shares of Helix Energy Solutions Group by 10.2% during the fourth quarter. American Century Companies Inc. now owns 4,727,037 shares of the oil and gas company's stock valued at $44,056,000 after buying an additional 437,814 shares during the last quarter. Encompass Capital Advisors LLC grew its holdings in Helix Energy Solutions Group by 66.2% in the 4th quarter. Encompass Capital Advisors LLC now owns 4,103,295 shares of the oil and gas company's stock worth $38,243,000 after buying an additional 1,634,764 shares in the last quarter. Wellington Management Group LLP increased its position in Helix Energy Solutions Group by 13.7% in the 4th quarter. Wellington Management Group LLP now owns 3,282,202 shares of the oil and gas company's stock valued at $30,590,000 after acquiring an additional 396,666 shares during the period. Finally, Systematic Financial Management LP raised its stake in Helix Energy Solutions Group by 17.1% during the 4th quarter. Systematic Financial Management LP now owns 2,905,836 shares of the oil and gas company's stock valued at $27,082,000 after acquiring an additional 425,071 shares in the last quarter. Institutional investors own 91.33% of the company's stock.

Helix Energy Solutions Group Price Performance

NYSE HLX traded down $0.06 on Friday, reaching $6.51. 498,132 shares of the stock traded hands, compared to its average volume of 1,769,166. Helix Energy Solutions Group, Inc. has a 12 month low of $5.66 and a 12 month high of $13.05. The company has a market cap of $986.46 million, a price-to-earnings ratio of 11.84 and a beta of 1.57. The firm's fifty day simple moving average is $6.55 and its 200 day simple moving average is $7.59. The company has a quick ratio of 2.28, a current ratio of 2.28 and a debt-to-equity ratio of 0.20.

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, beating the consensus estimate of ($0.05) by $0.07. Helix Energy Solutions Group had a net margin of 6.34% and a return on equity of 5.54%. The business had revenue of $278.06 million during the quarter, compared to analyst estimates of $285.06 million. As a group, research analysts predict that Helix Energy Solutions Group, Inc. will post 0.26 EPS for the current fiscal year.

Analyst Ratings Changes

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