Victory Capital Management Inc. Has $1.62 Million Stock Position in Helix Energy Solutions Group, Inc. (NYSE:HLX)

Key Points

• Victory Capital Management Inc. increased its holdings in Helix Energy Solutions Group by 42.2%, acquiring an additional 57,947 shares, bringing its total to 195,115 shares valued at approximately $1.62 million.
• Helix Energy Solutions Group's stock recently experienced a downgrade from "hold" to "sell" by Wall Street Zen, with Raymond James Financial lowering its price target to $9.00 from $10.00.
• The company reported a quarterly loss of ($0.02) earnings per share, below analysts' estimates, along with revenue of $302.29 million, missing the expected $326.62 million.

Victory Capital Management Inc. boosted its position in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX - Free Report) by 42.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 195,115 shares of the oil and gas company's stock after purchasing an additional 57,947 shares during the period. Victory Capital Management Inc. owned approximately 0.13% of Helix Energy Solutions Group worth $1,621,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in HLX. Sunbelt Securities Inc. bought a new stake in Helix Energy Solutions Group during the fourth quarter valued at $34,000. Quarry LP grew its stake in shares of Helix Energy Solutions Group by 79.8% in the fourth quarter. Quarry LP now owns 4,776 shares of the oil and gas company's stock worth $45,000 after purchasing an additional 2,120 shares in the last quarter. CWM LLC boosted its holdings in shares of Helix Energy Solutions Group by 78.0% in 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. Dynamic Technology Lab Private Ltd acquired a new position in shares of Helix Energy Solutions Group in the 4th quarter worth approximately $99,000. Finally, Quantinno Capital Management LP bought a new position in shares of Helix Energy Solutions Group in the fourth quarter valued at $110,000. Hedge funds and other institutional investors own 91.33% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on HLX shares. Wall Street Zen downgraded Helix Energy Solutions Group from a "hold" rating to a "sell" rating in a report on Saturday, July 26th. Raymond James Financial reiterated an "outperform" rating and issued a $9.00 target price (down previously from $10.00) on shares of Helix Energy Solutions Group in a research report on Friday, July 25th.

Helix Energy Solutions Group Stock Performance

Helix Energy Solutions Group stock traded down $0.04 on Friday, hitting $5.89. The company's stock had a trading volume of 2,299,815 shares, compared to its average volume of 1,842,419. The company has a fifty day moving average price of $6.53 and a 200-day moving average price of $7.23. The firm has a market cap of $865.77 million, a P/E ratio of 18.41 and a beta of 1.57. Helix Energy Solutions Group, Inc. has a one year low of $5.52 and a one year 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.

Helix Energy Solutions Group (NYSE:HLX - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The oil and gas company reported ($0.02) EPS for the quarter, missing analysts' consensus estimates of $0.01 by ($0.03). Helix Energy Solutions Group had a return on equity of 3.23% and a net margin of 3.92%. The business had revenue of $302.29 million during the quarter, compared to analyst estimates of $326.62 million. On average, equities analysts anticipate that Helix Energy Solutions Group, Inc. will post 0.26 earnings per share for the current year.

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.