GAMMA Investing LLC Purchases 41,205 Shares of Helix Energy Solutions Group, Inc. (NYSE:HLX)

GAMMA Investing LLC raised its stake in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX - Free Report) by 805.6% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 46,320 shares of the oil and gas company's stock after buying an additional 41,205 shares during the period. GAMMA Investing LLC's holdings in Helix Energy Solutions Group were worth $3,850,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. CoreCommodity Management LLC grew its stake in Helix Energy Solutions Group by 1.4% in the fourth quarter. CoreCommodity Management LLC now owns 129,776 shares of the oil and gas company's stock valued at $1,210,000 after purchasing an additional 1,780 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Helix Energy Solutions Group by 6.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 33,553 shares of the oil and gas company's stock valued at $313,000 after buying an additional 1,950 shares during the last quarter. MetLife Investment Management LLC increased its holdings in Helix Energy Solutions Group by 2.4% in the fourth quarter. MetLife Investment Management LLC now owns 85,270 shares of the oil and gas company's stock worth $795,000 after buying an additional 1,995 shares during the last quarter. Quarry LP raised its position in Helix Energy Solutions Group by 79.8% during the fourth quarter. Quarry LP now owns 4,776 shares of the oil and gas company's stock valued at $45,000 after acquiring an additional 2,120 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its stake in Helix Energy Solutions Group by 143.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 4,930 shares of the oil and gas company's stock valued at $45,000 after acquiring an additional 2,902 shares during the last quarter. 91.33% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Helix Energy Solutions Group Stock Performance

NYSE:HLX traded down $0.02 during mid-day trading on Thursday, hitting $7.07. 759,854 shares of the company's stock traded hands, compared to its average volume of 1,839,451. The firm has a market capitalization of $1.07 billion, a price-to-earnings ratio of 176.79 and a beta of 1.60. The firm has a 50 day moving average of $6.48 and a two-hundred day moving average of $8.01. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.19. Helix Energy Solutions Group, Inc. has a 12 month low of $5.66 and a 12 month high of $13.05.

Helix Energy Solutions Group (NYSE:HLX - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The oil and gas company reported $0.02 earnings per share for the quarter, beating the consensus estimate 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 analysts' expectations of $285.06 million. On average, equities analysts forecast 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.