Jacobs Levy Equity Management Inc. Buys 91,425 Shares of Helix Energy Solutions Group, Inc. (NYSE:HLX)

Jacobs Levy Equity Management Inc. raised its stake in Helix Energy Solutions Group, Inc. (NYSE:HLX - Free Report) by 9.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,032,819 shares of the oil and gas company's stock after acquiring an additional 91,425 shares during the quarter. Jacobs Levy Equity Management Inc. owned approximately 0.68% of Helix Energy Solutions Group worth $9,626,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Quarry LP increased its holdings in 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 worth $45,000 after acquiring an additional 2,120 shares during the period. Smartleaf Asset Management LLC boosted its stake in shares of Helix Energy Solutions Group by 143.1% in the 4th 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 in the last quarter. KBC Group NV boosted its stake in shares of Helix Energy Solutions Group by 61.8% in the 4th quarter. KBC Group NV now owns 9,136 shares of the oil and gas company's stock valued at $85,000 after purchasing an additional 3,491 shares in the last quarter. Vontobel Holding Ltd. purchased a new stake in Helix Energy Solutions Group during the 4th quarter valued at $93,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in Helix Energy Solutions Group during the 4th quarter valued at $99,000. Institutional investors own 91.33% of the company's stock.

Helix Energy Solutions Group Stock Down 1.2%

NYSE:HLX traded down $0.08 on Friday, reaching $6.54. 1,130,491 shares of the stock traded hands, compared to its average volume of 1,861,969. The company has a market capitalization of $991.01 million, a price-to-earnings ratio of 163.54 and a beta of 1.69. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.19. Helix Energy Solutions Group, Inc. has a 12 month low of $5.66 and a 12 month high of $13.05. The company's fifty day simple moving average is $7.14 and its 200 day simple moving average is $8.47.

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 for the quarter, beating analysts' consensus estimates of ($0.05) by $0.07. The business had revenue of $278.06 million during the quarter, compared to analyst estimates of $285.06 million. Helix Energy Solutions Group had a net margin of 0.54% and a return on equity of 4.39%. Equities analysts predict that Helix Energy Solutions Group, Inc. will post 0.26 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Raymond James lowered shares of Helix Energy Solutions Group from a "strong-buy" rating to an "outperform" rating and decreased their price objective for the stock from $14.00 to $10.00 in a report on Friday, April 25th.

Helix Energy Solutions Group 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.