Helix Energy Solutions Group, Inc. (NYSE:HLX) Shares Bought by SIR Capital Management L.P.

SIR Capital Management L.P. increased its holdings in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX - Free Report) by 59.6% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 1,706,116 shares of the oil and gas company's stock after acquiring an additional 636,818 shares during the period. Helix Energy Solutions Group comprises 1.7% of SIR Capital Management L.P.'s portfolio, making the stock its 22nd biggest position. SIR Capital Management L.P. owned about 1.12% of Helix Energy Solutions Group worth $15,901,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Smartleaf Asset Management LLC increased its position in Helix Energy Solutions Group by 143.1% during 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 during the period. Quarry LP boosted its stake in shares of Helix Energy Solutions Group by 79.8% during the fourth quarter. Quarry LP now owns 4,776 shares of the oil and gas company's stock valued at $45,000 after purchasing an additional 2,120 shares in the last quarter. KBC Group NV increased its holdings 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 valued at $85,000 after buying an additional 3,491 shares during the period. Vontobel Holding Ltd. bought a new position in Helix Energy Solutions Group in the fourth quarter worth approximately $93,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in Helix Energy Solutions Group during the 4th quarter valued at $99,000. 91.33% of the stock is currently owned by institutional investors.

Helix Energy Solutions Group Stock Down 0.9%

Shares of NYSE:HLX traded down $0.06 during trading on Monday, reaching $6.46. The stock had a trading volume of 1,265,491 shares, compared to its average volume of 1,863,409. The firm's 50-day simple moving average is $7.11 and its 200 day simple moving average is $8.44. 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 one year low of $5.66 and a one year high of $13.05. The company has a market capitalization of $978.88 million, a P/E ratio of 161.54 and a beta of 1.69.

Helix Energy Solutions Group (NYSE:HLX - Get Free Report) last released its quarterly earnings results 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. The business had revenue of $278.06 million for 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%. As a group, research analysts expect that Helix Energy Solutions Group, Inc. will post 0.26 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Raymond James lowered Helix Energy Solutions Group from a "strong-buy" rating to an "outperform" rating and reduced their price target for the stock from $14.00 to $10.00 in a research 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.