Oberweis Asset Management Inc. Purchases 94,200 Shares of Helix Energy Solutions Group, Inc. (NYSE:HLX)

Oberweis Asset Management Inc. raised its holdings in Helix Energy Solutions Group, Inc. (NYSE:HLX - Free Report) by 23.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 501,700 shares of the oil and gas company's stock after buying an additional 94,200 shares during the quarter. Oberweis Asset Management Inc. owned 0.33% of Helix Energy Solutions Group worth $4,676,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Pacer Advisors Inc. grew its holdings in shares of Helix Energy Solutions Group by 16.4% during the 4th quarter. Pacer Advisors Inc. now owns 6,546,820 shares of the oil and gas company's stock worth $61,016,000 after purchasing an additional 923,477 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Helix Energy Solutions Group during the 4th quarter worth approximately $6,070,000. Forge First Asset Management Inc. bought a new position in shares of Helix Energy Solutions Group during the 4th quarter worth approximately $5,565,000. Principal Financial Group Inc. lifted its position in shares of Helix Energy Solutions Group by 38.6% during the 3rd quarter. Principal Financial Group Inc. now owns 2,064,809 shares of the oil and gas company's stock worth $22,919,000 after buying an additional 575,450 shares during the period. Finally, American Century Companies Inc. raised its position 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 purchasing 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 Stock Up 1.2 %

Shares of NYSE HLX traded up $0.08 during midday trading on Tuesday, reaching $6.23. The company's stock had a trading volume of 1,037,302 shares, compared to its average volume of 1,804,301. 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 fifty-two week low of $5.66 and a fifty-two week high of $13.05. The stock has a market capitalization of $943.27 million, a price-to-earnings ratio of 155.16 and a beta of 1.91. The stock has a 50 day simple moving average of $7.58 and a 200-day simple moving average of $8.78.

Helix Energy Solutions Group (NYSE:HLX - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The oil and gas company reported $0.02 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $285.06 million. Equities research analysts predict that Helix Energy Solutions Group, Inc. will post 0.26 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Raymond James cut 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 research note on Friday.

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.