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

Systematic Financial Management LP grew its holdings in Helix Energy Solutions Group, Inc. (NYSE:HLX - Free Report) by 17.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor 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 about 1.91% of Helix Energy Solutions Group worth $27,082,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of HLX. Sherbrooke Park Advisers LLC purchased a new position in shares of Helix Energy Solutions Group during the 4th quarter worth approximately $212,000. SIR Capital Management L.P. raised its holdings in shares of Helix Energy Solutions Group by 59.6% in the 4th quarter. SIR Capital Management L.P. now owns 1,706,116 shares of the oil and gas company's stock worth $15,901,000 after purchasing an additional 636,818 shares in the last quarter. ProShare Advisors LLC grew its position in Helix Energy Solutions Group by 44.5% during the fourth quarter. ProShare Advisors LLC now owns 43,403 shares of the oil and gas company's stock valued at $405,000 after purchasing an additional 13,365 shares in the last quarter. Quantinno Capital Management LP bought a new stake in shares of Helix Energy Solutions Group during the 4th quarter worth $110,000. Finally, Millennium Management LLC raised its stake in Helix Energy Solutions Group by 23.8% during the 4th quarter. Millennium Management LLC now owns 1,697,127 shares of the oil and gas company's stock valued at $15,817,000 after purchasing an additional 326,005 shares during the last quarter. Institutional investors and hedge funds own 91.33% of the company's stock.

Helix Energy Solutions Group Stock Performance

Shares of HLX stock opened at $6.54 on Friday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.29 and a current ratio of 2.29. Helix Energy Solutions Group, Inc. has a fifty-two week low of $5.66 and a fifty-two week high of $13.05. The company has a market capitalization of $991.01 million, a P/E ratio of 163.54 and a beta of 1.69. The stock has a 50 day moving average price of $7.14 and a two-hundred day moving average price of $8.47.

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 EPS for the quarter, topping the consensus estimate of ($0.05) by $0.07. The firm had revenue of $278.06 million for the quarter, compared to the consensus estimate of $285.06 million. Helix Energy Solutions Group had a return on equity of 4.39% and a net margin of 0.54%. Analysts expect that Helix Energy Solutions Group, Inc. will post 0.26 earnings per share for the current 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 reduced their target price for the company from $14.00 to $10.00 in a research note on Friday, April 25th.

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.

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