Assenagon Asset Management S.A. Has $9.30 Million Stock Position in Helix Energy Solutions Group, Inc. (NYSE:HLX)

Assenagon Asset Management S.A. lowered its stake in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX - Free Report) by 23.8% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,119,620 shares of the oil and gas company's stock after selling 349,382 shares during the period. Assenagon Asset Management S.A. owned 0.74% of Helix Energy Solutions Group worth $9,304,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Wellington Management Group LLP raised its stake 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. Principal Financial Group Inc. raised its stake in Helix Energy Solutions Group by 18.3% in the 4th quarter. Principal Financial Group Inc. now owns 2,443,203 shares of the oil and gas company's stock valued at $22,771,000 after acquiring an additional 378,394 shares during the period. Forge First Asset Management Inc. bought a new stake in Helix Energy Solutions Group in the 4th quarter valued at $5,565,000. Amundi raised its stake in Helix Energy Solutions Group by 191.9% in the 4th quarter. Amundi now owns 89,714 shares of the oil and gas company's stock valued at $812,000 after acquiring an additional 58,976 shares during the period. Finally, Vanguard Group Inc. raised its stake in Helix Energy Solutions Group by 2.5% in the 4th quarter. Vanguard Group Inc. now owns 14,049,438 shares of the oil and gas company's stock valued at $130,941,000 after acquiring an additional 343,673 shares during the period. Institutional investors own 91.33% of the company's stock.

Analyst Ratings Changes

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

Helix Energy Solutions Group Stock Performance

NYSE HLX traded up $0.06 on Friday, reaching $7.13. The stock had a trading volume of 1,215,313 shares, compared to its average volume of 1,837,240. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.29 and a quick ratio of 2.29. The firm has a fifty day moving average of $6.52 and a two-hundred day moving average of $7.96. Helix Energy Solutions Group, Inc. has a 1-year low of $5.66 and a 1-year high of $13.05. The company has a market cap of $1.08 billion, a P/E ratio of 178.29 and a beta of 1.60.

Helix Energy Solutions Group (NYSE:HLX - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The oil and gas company reported $0.02 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 firm had revenue of $278.06 million for the quarter, compared to analyst estimates of $285.06 million. On average, equities research analysts anticipate that Helix Energy Solutions Group, Inc. will post 0.26 EPS for the current year.

Helix Energy Solutions Group Company 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.