Helix Energy Solutions Group, Inc. $HLX Shares Purchased by Aristeia Capital L.L.C.

Aristeia Capital L.L.C. grew its position in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX) by 807.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 126,126 shares of the oil and gas company’s stock after acquiring an additional 112,229 shares during the quarter. Aristeia Capital L.L.C. owned about 0.09% of Helix Energy Solutions Group worth $791,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Quarry LP bought a new stake in shares of Helix Energy Solutions Group during the fourth quarter valued at about $27,000. Royal Bank of Canada lifted its holdings in Helix Energy Solutions Group by 175.9% in the 4th quarter. Royal Bank of Canada now owns 6,993 shares of the oil and gas company’s stock valued at $44,000 after acquiring an additional 4,458 shares during the last quarter. Drucker Wealth 3.0 LLC acquired a new stake in Helix Energy Solutions Group during the 3rd quarter worth about $66,000. Strs Ohio acquired a new stake in Helix Energy Solutions Group during the 1st quarter worth about $89,000. Finally, AXQ Capital LP acquired a new stake in Helix Energy Solutions Group during the 3rd quarter worth about $77,000. Institutional investors and hedge funds own 91.33% of the company’s stock.

Analysts Set New Price Targets

HLX has been the topic of a number of research reports. Weiss Ratings downgraded Helix Energy Solutions Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, April 27th. TD Cowen boosted their price target on Helix Energy Solutions Group from $13.00 to $14.00 and gave the company a “buy” rating in a research note on Friday, April 24th. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $11.50.

Helix Energy Solutions Group Stock Performance

Helix Energy Solutions Group stock opened at $8.88 on Thursday. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.92 and a quick ratio of 2.92. The stock has a fifty day moving average price of $9.74 and a two-hundred day moving average price of $8.65. Helix Energy Solutions Group, Inc. has a 52-week low of $5.52 and a 52-week high of $10.75. The firm has a market capitalization of $1.31 billion, a P/E ratio of 88.77 and a beta of 1.11.

Helix Energy Solutions Group (NYSE:HLX) last released its quarterly earnings data on Wednesday, April 22nd. The oil and gas company reported ($0.09) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.09). Helix Energy Solutions Group had a return on equity of 1.82% and a net margin of 1.10%.The firm had revenue of $287.95 million during the quarter, compared to analyst estimates of $260.89 million. Helix Energy Solutions Group’s quarterly revenue was up 3.6% compared to the same quarter last year. As a group, analysts anticipate that Helix Energy Solutions Group, Inc. will post 0.33 EPS for the current fiscal year.

Helix Energy Solutions Group Company Profile

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.