Arrowstreet Capital Limited Partnership Acquires 240,414 Shares of Helix Energy Solutions Group, Inc. $HLX

Key Points

• Arrowstreet Capital increased its Helix Energy Solutions Group stake by 71.2% in the first quarter, purchasing 240,414 additional shares and bringing its holdings to 577,979 shares valued at approximately $5.7 million.
• Institutional investors own 91.33% of Helix, with several funds—including Royal Bank of Canada and the State of Wyoming—also increasing their positions.
• HLX shares recently traded at $9.51, while analysts maintain a consensus “Hold” rating and a $14 price target; ratings include one Buy, one Hold and one Sell.

Arrowstreet Capital Limited Partnership raised its holdings in Helix Energy Solutions Group, Inc. (NYSE:HLX - Free Report) by 71.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 577,979 shares of the oil and gas company's stock after buying an additional 240,414 shares during the period. Arrowstreet Capital Limited Partnership owned 0.39% of Helix Energy Solutions Group worth $5,716,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HLX. Quarry LP acquired a new stake in shares of Helix Energy Solutions Group in the fourth quarter valued at about $27,000. Royal Bank of Canada boosted its position in Helix Energy Solutions Group by 175.9% during the fourth quarter. Royal Bank of Canada now owns 6,993 shares of the oil and gas company's stock valued at $44,000 after purchasing an additional 4,458 shares during the last quarter. State of Wyoming boosted its position in Helix Energy Solutions Group by 357.7% during the first quarter. State of Wyoming now owns 10,449 shares of the oil and gas company's stock valued at $103,000 after purchasing an additional 8,166 shares during the last quarter. Strs Ohio acquired a new position in Helix Energy Solutions Group during the first quarter valued at approximately $89,000. Finally, Aaron Wealth Advisors LLC bought a new position in Helix Energy Solutions Group in the fourth quarter valued at approximately $74,000. 91.33% of the stock is owned by institutional investors.

Helix Energy Solutions Group Trading Down 0.1%

Helix Energy Solutions Group stock opened at $9.51 on Monday. The stock has a 50-day simple moving average of $9.27 and a 200 day simple moving average of $9.18. The stock has a market capitalization of $1.40 billion, a P/E ratio of 95.05 and a beta of 1.14. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.92 and a current ratio of 2.92. Helix Energy Solutions Group, Inc. has a 52 week low of $5.58 and a 52 week high of $10.75.

Analysts Set New Price Targets

Several research firms have weighed in on HLX. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Helix Energy Solutions Group in a research report on Friday, July 24th. TD Cowen increased their price objective on Helix Energy Solutions Group from $13.00 to $14.00 and gave the company a "buy" rating in a report on Friday, April 24th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $14.00.

About Helix Energy Solutions Group

Helix Energy Solutions Group, Inc NYSE: HLX is a Houston-based provider of offshore well intervention and robotics services to the global energy industry. The company specializes in extending the productive life of subsea wells through hydraulic workover systems, coiled tubing operations and riser-based wireline services. In addition, Helix offers remotely operated vehicle (ROV) support, inspection, maintenance and repair for subsea infrastructure.

Operating through three core business segments—Well Intervention, Robotics & Subsea Services and Production Facilities—Helix deploys purpose-built vessels, specialized equipment and engineering expertise to execute complex offshore projects.

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