Helix Energy Solutions Group, Inc. $HLX Shares Bought by Acuitas Investments LLC

Acuitas Investments LLC raised its stake in Helix Energy Solutions Group, Inc. (NYSE:HLX) by 63.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 681,610 shares of the oil and gas company’s stock after purchasing an additional 265,604 shares during the quarter. Helix Energy Solutions Group accounts for 2.9% of Acuitas Investments LLC’s investment portfolio, making the stock its 11th biggest holding. Acuitas Investments LLC’s holdings in Helix Energy Solutions Group were worth $4,471,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the stock. Drucker Wealth 3.0 LLC purchased a new stake in shares of Helix Energy Solutions Group during the third quarter worth approximately $66,000. Ballentine Partners LLC purchased a new position in Helix Energy Solutions Group during the 3rd quarter worth $70,000. Strs Ohio acquired a new stake in shares of Helix Energy Solutions Group in the 1st quarter worth $89,000. Federated Hermes Inc. acquired a new stake in shares of Helix Energy Solutions Group in the 3rd quarter worth $74,000. Finally, AXQ Capital LP purchased a new stake in shares of Helix Energy Solutions Group in the third quarter valued at about $77,000. Institutional investors and hedge funds own 91.33% of the company’s stock.

Helix Energy Solutions Group Price Performance

NYSE:HLX opened at $9.47 on Wednesday. Helix Energy Solutions Group, Inc. has a 52-week low of $5.52 and a 52-week high of $10.75. The company has a quick ratio of 2.75, a current ratio of 2.75 and a debt-to-equity ratio of 0.19. The business’s 50-day moving average price is $8.34 and its 200 day moving average price is $7.21. The firm has a market cap of $1.40 billion, a P/E ratio of 45.11 and a beta of 1.21.

Helix Energy Solutions Group (NYSE:HLX) last announced its quarterly earnings data on Monday, February 23rd. The oil and gas company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.08. The company had revenue of $334.16 million for the quarter, compared to analysts’ expectations of $304.67 million. Helix Energy Solutions Group had a net margin of 2.39% and a return on equity of 2.88%. The company’s quarterly revenue was down 5.9% compared to the same quarter last year. As a group, sell-side analysts predict that Helix Energy Solutions Group, Inc. will post 0.26 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on HLX. Zacks Research raised shares of Helix Energy Solutions Group from a “strong sell” rating to a “hold” rating in a report on Thursday, November 20th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Helix Energy Solutions Group in a report on Monday, December 29th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $10.50.

About Helix Energy Solutions Group

Helix Energy Solutions Group, Inc (NYSE: HLX) is a Houston-based provider of offshore well intervention and robotics services to the global energy industry. The company specializes in extending the productive life of subsea wells through hydraulic workover systems, coiled tubing operations and riser-based wireline services. In addition, Helix offers remotely operated vehicle (ROV) support, inspection, maintenance and repair for subsea infrastructure.

Operating through three core business segments—Well Intervention, Robotics & Subsea Services and Production Facilities—Helix deploys purpose-built vessels, specialized equipment and engineering expertise to execute complex offshore projects.