Victory Capital Management Inc. Raises Holdings in Helix Energy Solutions Group (HLX)

Victory Capital Management Inc. grew its position in shares of Helix Energy Solutions Group (NYSE:HLX) by 3.2% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 6,696,131 shares of the oil and gas company’s stock after purchasing an additional 209,900 shares during the quarter. Victory Capital Management Inc. owned approximately 4.52% of Helix Energy Solutions Group worth $38,771,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of HLX. Nisa Investment Advisors LLC purchased a new position in shares of Helix Energy Solutions Group during the fourth quarter worth about $339,000. Bank of Montreal Can grew its holdings in shares of Helix Energy Solutions Group by 24.1% during the fourth quarter. Bank of Montreal Can now owns 87,213 shares of the oil and gas company’s stock worth $657,000 after purchasing an additional 16,959 shares during the last quarter. Schwab Charles Investment Management Inc. grew its holdings in shares of Helix Energy Solutions Group by 4.9% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 1,178,511 shares of the oil and gas company’s stock worth $8,886,000 after purchasing an additional 55,055 shares during the last quarter. Crossmark Global Holdings Inc. grew its holdings in shares of Helix Energy Solutions Group by 51.2% during the fourth quarter. Crossmark Global Holdings Inc. now owns 37,092 shares of the oil and gas company’s stock worth $280,000 after purchasing an additional 12,561 shares during the last quarter. Finally, Teacher Retirement System of Texas grew its holdings in shares of Helix Energy Solutions Group by 318.9% during the fourth quarter. Teacher Retirement System of Texas now owns 48,801 shares of the oil and gas company’s stock worth $368,000 after purchasing an additional 37,151 shares during the last quarter. 87.99% of the stock is currently owned by institutional investors.

Shares of HLX opened at $7.96 on Tuesday. Helix Energy Solutions Group has a fifty-two week low of $7.89 and a fifty-two week high of $8.08. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.42 and a current ratio of 2.42.

Helix Energy Solutions Group (NYSE:HLX) last announced its earnings results on Monday, February 19th. The oil and gas company reported ($0.01) earnings per share for the quarter, hitting the consensus estimate of ($0.01). Helix Energy Solutions Group had a net margin of 6.85% and a negative return on equity of 0.50%. The business had revenue of $163.27 million during the quarter, compared to the consensus estimate of $157.65 million. research analysts expect that Helix Energy Solutions Group will post 0.15 EPS for the current year.

Several equities research analysts have recently weighed in on the stock. Bank of America downgraded shares of Helix Energy Solutions Group from a “neutral” rating to an “underperform” rating and set a $7.00 target price for the company. in a research note on Tuesday, January 16th. Zacks Investment Research upgraded shares of Helix Energy Solutions Group from a “hold” rating to a “buy” rating and set a $9.25 target price for the company in a research note on Wednesday, January 24th. ValuEngine downgraded shares of Helix Energy Solutions Group from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. Credit Suisse Group reiterated an “outperform” rating and set a $11.00 target price (down previously from $14.00) on shares of Helix Energy Solutions Group in a research note on Wednesday, February 21st. Finally, Cowen reiterated an “outperform” rating and set a $9.00 target price (down previously from $10.00) on shares of Helix Energy Solutions Group in a research note on Thursday, February 22nd. Four research analysts have rated the stock with a sell rating and six have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $8.88.

About Helix Energy Solutions Group

Helix Energy Solutions Group, Inc, an offshore energy services company, provides specialty services to the offshore energy industry primarily in Brazil, the Gulf of Mexico, North Sea, the Asia Pacific, and West Africa regions. The company operates through three segments: Well Intervention, Robotics, and Production Facilities.

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Institutional Ownership by Quarter for Helix Energy Solutions Group (NYSE:HLX)

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