Gate City Capital Management LLC Takes $17.64 Million Position in Helix Energy Solutions Group, Inc. (NYSE:HLX)

Gate City Capital Management LLC acquired a new stake in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 1,892,575 shares of the oil and gas company's stock, valued at approximately $17,639,000. Helix Energy Solutions Group comprises approximately 10.6% of Gate City Capital Management LLC's portfolio, making the stock its 4th largest holding. Gate City Capital Management LLC owned 1.24% of Helix Energy Solutions Group as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HLX. Quarry LP increased its stake in shares of Helix Energy Solutions Group by 79.8% during the 4th 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 during the last quarter. Smartleaf Asset Management LLC grew its holdings in Helix Energy Solutions Group by 143.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 4,930 shares of the oil and gas company's stock valued at $45,000 after purchasing an additional 2,902 shares during the period. KBC Group NV increased its position in Helix Energy Solutions Group by 61.8% during the fourth quarter. KBC Group NV now owns 9,136 shares of the oil and gas company's stock worth $85,000 after purchasing an additional 3,491 shares during the last quarter. Vontobel Holding Ltd. purchased a new position in Helix Energy Solutions Group during the fourth quarter worth approximately $93,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of Helix Energy Solutions Group in the 4th quarter valued at $99,000. Hedge funds and other institutional investors own 91.33% of the company's stock.

Helix Energy Solutions Group Trading Up 0.4%

Shares of NYSE HLX traded up $0.03 during midday trading on Wednesday, hitting $6.76. The stock had a trading volume of 900,261 shares, compared to its average volume of 1,853,234. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.19. Helix Energy Solutions Group, Inc. has a 1-year low of $5.66 and a 1-year high of $13.05. The company has a market capitalization of $1.02 billion, a price-to-earnings ratio of 169.04 and a beta of 1.69. The company has a fifty day moving average price of $7.21 and a 200 day moving average price of $8.52.

Helix Energy Solutions Group (NYSE:HLX - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The oil and gas company reported $0.02 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.07. Helix Energy Solutions Group had a net margin of 0.54% and a return on equity of 4.39%. The company had revenue of $278.06 million during the quarter, compared to the consensus estimate of $285.06 million. On average, analysts predict that Helix Energy Solutions Group, Inc. will post 0.26 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Raymond James downgraded Helix Energy Solutions Group from a "strong-buy" rating to an "outperform" rating and dropped their price objective for the stock 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.