124,450 Shares in Helix Energy Solutions Group, Inc. $HLX Bought by Nierenberg Investment Management Company LLC

Nierenberg Investment Management Company LLC acquired a new stake in Helix Energy Solutions Group, Inc. (NYSE:HLX) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 124,450 shares of the oil and gas company’s stock, valued at approximately $1,087,693. Helix Energy Solutions Group makes up approximately 0.0% of Nierenberg Investment Management Company LLC’s holdings, making the stock its 21st largest position. Nierenberg Investment Management Company LLC owned about 0.08% of Helix Energy Solutions Group at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in HLX. Arrowstreet Capital Limited Partnership grew its holdings in Helix Energy Solutions Group by 71.2% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 577,979 shares of the oil and gas company’s stock valued at $5,716,000 after buying an additional 240,414 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Helix Energy Solutions Group by 2.9% during the first quarter. Dimensional Fund Advisors LP now owns 8,959,806 shares of the oil and gas company’s stock worth $88,611,000 after buying an additional 249,887 shares in the last quarter. Bastion Asset Management Inc. acquired a new stake in shares of Helix Energy Solutions Group in the 1st quarter valued at $8,581,000. Sei Investments Co. increased its position in shares of Helix Energy Solutions Group by 93.1% during the first quarter. Sei Investments Co. now owns 335,854 shares of the oil and gas company’s stock worth $3,322,000 after acquiring an additional 161,901 shares in the last quarter. Finally, Simcoe Capital LLC bought a new position in shares of Helix Energy Solutions Group in the fourth quarter valued at about $3,816,000. 91.33% of the stock is currently owned by hedge funds and other institutional investors.

Helix Energy Solutions Group Stock Up 0.9%

HLX traded up $0.09 on Friday, reaching $10.21. 536,175 shares of the company traded hands, compared to its average volume of 1,802,309. The company has a market cap of $1.50 billion, a price-to-earnings ratio of 37.81 and a beta of 1.14. Helix Energy Solutions Group, Inc. has a 52-week low of $6.03 and a 52-week high of $10.75. The stock’s 50 day moving average price is $9.47 and its 200-day moving average price is $9.50. The company has a debt-to-equity ratio of 0.19, a current ratio of 3.47 and a quick ratio of 3.47.

Helix Energy Solutions Group (NYSE:HLX) last posted its earnings results on Thursday, August 6th. The oil and gas company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.02. The company had revenue of $304.02 million for the quarter, compared to analyst estimates of $314.56 million. Helix Energy Solutions Group had a net margin of 3.04% and a return on equity of 2.95%. On average, sell-side analysts expect that Helix Energy Solutions Group, Inc. will post 0.28 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on HLX shares. Wall Street Zen lowered Helix Energy Solutions Group from a “buy” rating to a “hold” rating in a report on Sunday, August 16th. Weiss Ratings raised Helix Energy Solutions Group from a “sell (d+)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $14.00.

Helix Energy Solutions Group 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.