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

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

Other large investors have also added to or reduced their stakes in the company. Wellington Management Group LLP grew its position in Helix Energy Solutions Group by 13.7% during the fourth quarter. Wellington Management Group LLP now owns 3,282,202 shares of the oil and gas company's stock worth $30,590,000 after buying an additional 396,666 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in shares of 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 purchasing an additional 378,394 shares in the last quarter. Forge First Asset Management Inc. acquired a new stake in shares of Helix Energy Solutions Group in the 4th quarter valued at $5,565,000. Amundi boosted its holdings in shares of 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 purchasing an additional 58,976 shares in the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of 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 purchasing an additional 343,673 shares in the last quarter. Institutional investors and hedge funds own 91.33% of the company's stock.

Helix Energy Solutions Group Price Performance

Shares of HLX traded up $0.06 during trading hours on Friday, reaching $7.13. The stock had a trading volume of 1,215,313 shares, compared to its average volume of 1,837,077. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.29 and a current ratio of 2.29. 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 capitalization of $1.08 billion, a PE ratio of 178.29 and a beta of 1.60. The company's 50-day moving average is $6.52 and its two-hundred day moving average is $7.94.

Helix Energy Solutions Group (NYSE:HLX - Get Free Report) last released 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 for the quarter, compared to the consensus estimate of $285.06 million. Research analysts expect that Helix Energy Solutions Group, Inc. will post 0.26 EPS for the current year.

Analyst Upgrades and Downgrades

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