Victory Capital Management Inc. Acquires 57,947 Shares of 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. raised its stake 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 disclosure with the SEC. The firm owned 195,115 shares of the oil and gas company's stock after acquiring an additional 57,947 shares during the quarter. Victory Capital Management Inc. owned approximately 0.13% of Helix Energy Solutions Group worth $1,621,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. increased its stake in shares of Helix Energy Solutions Group by 2.5% in the fourth quarter. Vanguard Group Inc. now owns 14,049,438 shares of the oil and gas company's stock valued at $130,941,000 after buying an additional 343,673 shares in the last quarter. Encompass Capital Advisors LLC raised its holdings in Helix Energy Solutions Group by 66.2% during the 4th quarter. Encompass Capital Advisors LLC now owns 4,103,295 shares of the oil and gas company's stock worth $38,243,000 after purchasing an additional 1,634,764 shares during the last quarter. Wellington Management Group LLP raised its holdings in Helix Energy Solutions Group by 13.7% during the 4th quarter. Wellington Management Group LLP now owns 3,282,202 shares of the oil and gas company's stock worth $30,590,000 after purchasing an additional 396,666 shares during the last quarter. Systematic Financial Management LP raised its holdings in Helix Energy Solutions Group by 17.1% during the 4th quarter. Systematic Financial Management LP now owns 2,905,836 shares of the oil and gas company's stock worth $27,082,000 after purchasing an additional 425,071 shares during the last quarter. Finally, Balyasny Asset Management L.P. raised its holdings in Helix Energy Solutions Group by 356.5% during the 4th quarter. Balyasny Asset Management L.P. now owns 2,469,684 shares of the oil and gas company's stock worth $23,017,000 after purchasing an additional 1,928,691 shares during the last quarter. 91.33% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

Helix Energy Solutions Group Trading Down 0.7%

Shares of Helix Energy Solutions Group stock traded down $0.04 during trading hours on Friday, hitting $5.89. The company's stock had a trading volume of 2,299,815 shares, compared to its average volume of 2,183,256. Helix Energy Solutions Group, Inc. has a 12 month low of $5.52 and a 12 month high of $12.33. The stock has a 50 day moving average of $6.52 and a 200 day moving average of $7.21. The company has a market capitalization of $865.75 million, a PE ratio of 18.41 and a beta of 1.57. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.19 and a quick ratio of 2.19.

Helix Energy Solutions Group (NYSE:HLX - Get Free Report) last released its earnings results on Wednesday, July 23rd. The oil and gas company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate 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 company had revenue of $302.29 million for the quarter, compared to the consensus estimate of $326.62 million. Analysts predict 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.