First Trust Advisors LP Has $2.19 Million Stock Position in Helix Energy Solutions Group, Inc. (NYSE:HLX)

First Trust Advisors LP lowered its stake in Helix Energy Solutions Group, Inc. (NYSE:HLX - Free Report) by 41.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 234,707 shares of the oil and gas company's stock after selling 169,297 shares during the quarter. First Trust Advisors LP owned about 0.15% of Helix Energy Solutions Group worth $2,187,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in HLX. Pacer Advisors Inc. lifted its stake in Helix Energy Solutions Group by 16.4% in the 4th quarter. Pacer Advisors Inc. now owns 6,546,820 shares of the oil and gas company's stock valued at $61,016,000 after acquiring an additional 923,477 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Helix Energy Solutions Group in the fourth quarter worth $6,070,000. Forge First Asset Management Inc. acquired a new position in Helix Energy Solutions Group during the fourth quarter worth $5,565,000. Principal Financial Group Inc. grew its position in Helix Energy Solutions Group by 38.6% in the third quarter. Principal Financial Group Inc. now owns 2,064,809 shares of the oil and gas company's stock valued at $22,919,000 after purchasing an additional 575,450 shares in the last quarter. Finally, American Century Companies Inc. increased its stake in Helix Energy Solutions Group by 10.2% in 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 buying an additional 437,814 shares during the last quarter. Institutional investors and hedge funds own 91.33% of the company's stock.

Helix Energy Solutions Group Price Performance

Shares of HLX opened at $6.42 on Tuesday. The company has a market cap of $972.82 million, a price-to-earnings ratio of 160.54 and a beta of 1.91. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.19. The company's fifty day simple moving average is $7.39 and its 200 day simple moving average is $8.64. Helix Energy Solutions Group, Inc. has a 1-year low of $5.66 and a 1-year high of $13.05.

Helix Energy Solutions Group (NYSE:HLX - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The oil and gas company reported $0.02 earnings per share for the quarter, topping analysts' consensus estimates 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 firm had revenue of $278.06 million for the quarter, compared to the consensus estimate of $285.06 million. On average, research analysts forecast that Helix Energy Solutions Group, Inc. will post 0.26 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Raymond James cut Helix Energy Solutions Group from a "strong-buy" rating to an "outperform" rating and decreased their price objective for the company from $14.00 to $10.00 in a 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.

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