Millennium Management LLC Raises Holdings in Helix Energy Solutions Group, Inc. (NYSE:HLX)

Millennium Management LLC raised its position in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX - Free Report) by 23.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,697,127 shares of the oil and gas company's stock after buying an additional 326,005 shares during the quarter. Millennium Management LLC owned about 1.12% of Helix Energy Solutions Group worth $15,817,000 as of its most recent SEC filing.

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

Helix Energy Solutions Group Stock Up 3.3%

NYSE:HLX traded up $0.20 during mid-day trading on Tuesday, hitting $6.34. 1,094,317 shares of the company's stock traded hands, compared to its average volume of 1,859,420. The company has a fifty day moving average of $6.86 and a 200 day moving average of $8.30. Helix Energy Solutions Group, Inc. has a twelve month low of $5.66 and a twelve month high of $13.05. The company has a market capitalization of $960.70 million, a P/E ratio of 158.54 and a beta of 1.69. 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 (NYSE:HLX - Get Free Report) last posted its quarterly earnings results 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 business had revenue of $278.06 million for the quarter, compared to the consensus estimate of $285.06 million. On average, analysts forecast that Helix Energy Solutions Group, Inc. will post 0.26 EPS for the current year.

Wall Street Analyst Weigh In

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

About Helix Energy Solutions Group

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.