Royce & Associates LP Invests $527,000 in Helix Energy Solutions Group, Inc. (NYSE:HLX)

Key Points

• Royce & Associates LP has acquired a new stake in Helix Energy Solutions Group, purchasing 63,405 shares valued at approximately $527,000.
• Multiple institutional investors have significantly increased their positions in Helix Energy Solutions Group, with Balyasny Asset Management growing its stake by 356.5% in the fourth quarter.
• Helix Energy Solutions Group's stock has an opening price of $6.42, with a recent earnings report revealing a loss of ($0.02) earnings per share, missing analyst expectations.

Royce & Associates LP bought a new stake in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 63,405 shares of the oil and gas company's stock, valued at approximately $527,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Sunbelt Securities Inc. acquired a new position in shares of Helix Energy Solutions Group during the fourth quarter valued at about $34,000. Quarry LP increased its holdings in shares of 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. Dynamic Technology Lab Private Ltd acquired a new position in shares of Helix Energy Solutions Group during the fourth quarter valued at about $99,000. CWM LLC increased its holdings in shares of Helix Energy Solutions Group by 78.0% during the first quarter. CWM LLC now owns 10,699 shares of the oil and gas company's stock valued at $89,000 after acquiring an additional 4,688 shares in the last quarter. Finally, Quantinno Capital Management LP acquired a new position in shares of Helix Energy Solutions Group in the 4th quarter valued at $110,000. Institutional investors own 91.33% of the company's stock.

Helix Energy Solutions Group Price Performance

Shares of NYSE:HLX traded down $0.04 during trading on Friday, reaching $5.89. 2,299,815 shares of the company's stock traded hands, compared to its average volume of 2,183,256. Helix Energy Solutions Group, Inc. has a fifty-two week low of $5.52 and a fifty-two week high of $12.33. The company has a quick ratio of 2.19, a current ratio of 2.19 and a debt-to-equity ratio of 0.19. The firm has a market cap of $865.75 million, a PE ratio of 18.41 and a beta of 1.57. The company has a 50-day simple moving average of $6.52 and a 200-day simple moving average of $7.21.

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 company had revenue of $302.29 million during 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 3.23%. As a group, analysts predict that Helix Energy Solutions Group, Inc. will post 0.26 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Raymond James Financial reaffirmed an "outperform" rating and set a $9.00 price target (down from $10.00) on shares of Helix Energy Solutions Group in a research report on Friday, July 25th. Wall Street Zen downgraded Helix Energy Solutions Group from a "hold" rating to a "sell" rating in a research report on Saturday, July 26th.

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.