75,723 Shares in Helix Energy Solutions Group, Inc. $HLX Acquired by Maverick Capital Ltd.

Maverick Capital Ltd. bought a new stake in Helix Energy Solutions Group, Inc. (NYSE:HLX) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 75,723 shares of the oil and gas company’s stock, valued at approximately $749,000. Maverick Capital Ltd. owned 0.05% of Helix Energy Solutions Group as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Millennium Management LLC raised its stake in Helix Energy Solutions Group by 893.7% during the third quarter. Millennium Management LLC now owns 4,025,701 shares of the oil and gas company’s stock worth $26,409,000 after purchasing an additional 3,620,563 shares during the period. Invesco Ltd. grew its stake in shares of Helix Energy Solutions Group by 219.2% during the 2nd quarter. Invesco Ltd. now owns 3,198,950 shares of the oil and gas company’s stock valued at $19,961,000 after buying an additional 2,196,916 shares during the period. Adage Capital Partners GP L.L.C. acquired a new stake in shares of Helix Energy Solutions Group during the 2nd quarter worth $10,296,000. Hotchkis & Wiley Capital Management LLC acquired a new stake in shares of Helix Energy Solutions Group during the 3rd quarter worth $6,855,000. Finally, Balyasny Asset Management L.P. purchased a new position in shares of Helix Energy Solutions Group in the 4th quarter worth $5,805,000. Institutional investors and hedge funds own 91.33% of the company’s stock.

Helix Energy Solutions Group Trading Down 5.8%

Shares of HLX opened at $9.08 on Wednesday. Helix Energy Solutions Group, Inc. has a 12 month low of $5.58 and a 12 month high of $10.75. The stock’s 50-day moving average is $9.32 and its two-hundred day moving average is $9.13. 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 market cap of $1.34 billion, a PE ratio of 90.78 and a beta of 1.12.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on HLX shares. TD Cowen lifted their target price on Helix Energy Solutions Group from $13.00 to $14.00 and gave the company a “buy” rating in a report on Friday, April 24th. Weiss Ratings restated a “sell (d+)” rating on shares of Helix Energy Solutions Group in a research note on Friday. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $14.00.

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.