Systematic Financial Management LP Raises Holdings in Helix Energy Solutions Group, Inc. (NYSE:HLX)

Systematic Financial Management LP increased its position in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX - Free Report) by 17.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,905,836 shares of the oil and gas company's stock after acquiring an additional 425,071 shares during the period. Systematic Financial Management LP owned approximately 1.91% of Helix Energy Solutions Group worth $27,082,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of HLX. Smartleaf Asset Management LLC increased its holdings in shares of 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 worth $45,000 after purchasing an additional 2,902 shares during the period. Quarry LP grew its position in 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 worth $45,000 after buying an additional 2,120 shares in the last quarter. KBC Group NV increased its stake in 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 worth $85,000 after acquiring an additional 3,491 shares during the last quarter. Vontobel Holding Ltd. purchased a new stake in shares of Helix Energy Solutions Group in the 4th quarter valued at about $93,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of Helix Energy Solutions Group in the 4th quarter valued at about $99,000. 91.33% of the stock is currently owned by hedge funds and other institutional investors.

Helix Energy Solutions Group Price Performance

Shares of NYSE HLX traded down $0.02 during mid-day trading on Thursday, reaching $6.18. 489,645 shares of the company were exchanged, compared to its average volume of 1,855,904. Helix Energy Solutions Group, Inc. has a 52 week low of $5.66 and a 52 week high of $13.05. The company's 50 day moving average price is $7.04 and its 200 day moving average price is $8.41. The stock has a market capitalization of $935.70 million, a PE ratio of 154.16 and a beta of 1.69. 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 (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, topping analysts' consensus estimates of ($0.05) by $0.07. Helix Energy Solutions Group had a return on equity of 4.39% and a net margin of 0.54%. The firm had revenue of $278.06 million during the quarter, compared to analysts' expectations of $285.06 million. Sell-side analysts forecast that Helix Energy Solutions Group, Inc. will post 0.26 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Raymond James cut 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 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.