Readystate Asset Management LP Makes New $494,000 Investment in Helix Energy Solutions Group, Inc. (NYSE:HLX)

Readystate Asset Management LP acquired a new stake in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 59,429 shares of the oil and gas company's stock, valued at approximately $494,000.

Other hedge funds also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC bought a new stake in shares of Helix Energy Solutions Group in the 4th quarter valued at approximately $290,000. Natixis Advisors LLC acquired a new position in Helix Energy Solutions Group during the 4th quarter valued at approximately $205,000. Cibc World Markets Corp acquired a new position in Helix Energy Solutions Group during the 4th quarter valued at approximately $126,000. Xponance Inc. acquired a new position in Helix Energy Solutions Group during the 4th quarter valued at approximately $114,000. Finally, American Century Companies Inc. boosted its position in Helix Energy Solutions Group by 10.2% during the 4th quarter. American Century Companies Inc. now owns 4,727,037 shares of the oil and gas company's stock valued at $44,056,000 after purchasing an additional 437,814 shares during the period. 91.33% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Raymond James Financial reaffirmed an "outperform" rating and set a $9.00 price target (down previously from $10.00) on shares of Helix Energy Solutions Group in a report on Friday.

Helix Energy Solutions Group Price Performance

Shares of HLX traded up $0.18 during midday trading on Friday, reaching $6.17. The stock had a trading volume of 2,064,056 shares, compared to its average volume of 1,827,674. Helix Energy Solutions Group, Inc. has a 52 week low of $5.52 and a 52 week high of $12.89. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.28 and a quick ratio of 2.28. The firm's 50 day moving average price is $6.54 and its 200-day moving average price is $7.33. The company has a market capitalization of $934.18 million, a P/E ratio of 19.27 and a beta of 1.57.

Helix Energy Solutions Group (NYSE:HLX - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The oil and gas company reported ($0.02) earnings per share for the quarter, missing analysts' consensus estimates of $0.01 by ($0.03). The business had revenue of $302.29 million for the quarter, compared to analysts' expectations of $326.62 million. Helix Energy Solutions Group had a net margin of 3.92% and a return on equity of 3.24%. On average, 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.