Raymond James Financial Inc. Makes New Investment in Helix Energy Solutions Group, Inc. (NYSE:HLX)

Raymond James Financial Inc. purchased a new position in Helix Energy Solutions Group, Inc. (NYSE:HLX - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 651,235 shares of the oil and gas company's stock, valued at approximately $6,070,000. Raymond James Financial Inc. owned approximately 0.43% of Helix Energy Solutions Group at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Principal Financial Group Inc. lifted its holdings in shares of Helix Energy Solutions Group by 18.3% during the fourth quarter. Principal Financial Group Inc. now owns 2,443,203 shares of the oil and gas company's stock valued at $22,771,000 after purchasing an additional 378,394 shares during the last quarter. Forge First Asset Management Inc. purchased a new position in shares of Helix Energy Solutions Group during the fourth quarter valued at approximately $5,565,000. Wellington Management Group LLP lifted its holdings in shares of Helix Energy Solutions Group by 13.7% during the fourth quarter. Wellington Management Group LLP now owns 3,282,202 shares of the oil and gas company's stock valued at $30,590,000 after purchasing an additional 396,666 shares during the last quarter. Amundi lifted its holdings in shares of Helix Energy Solutions Group by 191.9% during the fourth quarter. Amundi now owns 89,714 shares of the oil and gas company's stock valued at $812,000 after purchasing an additional 58,976 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of Helix Energy Solutions Group by 2.5% during 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 purchasing an additional 343,673 shares during the last quarter. 91.33% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Helix Energy Solutions Group Stock Down 2.4 %

Shares of HLX traded down $0.15 on Monday, hitting $6.14. 3,773,701 shares of the stock traded hands, compared to its average volume of 1,807,043. The company has a market capitalization of $930.39 million, a PE ratio of 153.54 and a beta of 1.91. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.29 and a current ratio of 2.29. The business has a 50 day simple moving average of $7.58 and a 200 day simple moving average of $8.78. Helix Energy Solutions Group, Inc. has a one year low of $5.66 and a one 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, beating the consensus estimate of ($0.05) by $0.07. The company had revenue of $278.06 million during the quarter, compared to the consensus estimate of $285.06 million. Helix Energy Solutions Group had a net margin of 0.54% and a return on equity of 4.39%. As a group, equities analysts forecast that Helix Energy Solutions Group, Inc. will post 0.26 earnings per share for the current fiscal year.

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.