893,824 Shares in Helix Energy Solutions Group, Inc. $HLX Acquired by Bastion Asset Management Inc.

Bastion Asset Management Inc. bought a new stake in Helix Energy Solutions Group, Inc. (NYSE:HLX) in the first quarter, HoldingsChannel reports. The fund bought 893,824 shares of the oil and gas company’s stock, valued at approximately $8,581,000. Helix Energy Solutions Group accounts for 2.6% of Bastion Asset Management Inc.’s portfolio, making the stock its 9th biggest position.

A number of other institutional investors and hedge funds have also made changes to their positions in HLX. Millennium Management LLC boosted its holdings in Helix Energy Solutions Group by 893.7% in the third quarter. Millennium Management LLC now owns 4,025,701 shares of the oil and gas company’s stock valued at $26,409,000 after acquiring an additional 3,620,563 shares during the last quarter. Invesco Ltd. lifted its stake in shares of Helix Energy Solutions Group by 219.2% in 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 purchasing an additional 2,196,916 shares in the last quarter. Adage Capital Partners GP L.L.C. purchased a new stake in shares of Helix Energy Solutions Group during the 2nd quarter worth about $10,296,000. Hotchkis & Wiley Capital Management LLC acquired a new stake in Helix Energy Solutions Group during the 3rd quarter worth approximately $6,855,000. Finally, Balyasny Asset Management L.P. purchased a new position in Helix Energy Solutions Group in the fourth quarter valued at approximately $5,805,000. 91.33% of the stock is currently owned by institutional investors and hedge funds.

Helix Energy Solutions Group Price Performance

Shares of HLX stock opened at $9.54 on Friday. The firm has a fifty day simple moving average of $9.40 and a 200-day simple moving average of $8.96. The company has a market capitalization of $1.40 billion, a PE ratio of 95.35 and a beta of 1.12. Helix Energy Solutions Group, Inc. has a twelve month low of $5.52 and a twelve month high of $10.75. The company has a current ratio of 2.92, a quick ratio of 2.92 and a debt-to-equity ratio of 0.19.

Helix Energy Solutions Group (NYSE:HLX) last posted its quarterly earnings data on Wednesday, April 22nd. The oil and gas company reported ($0.09) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.09). The company had revenue of $287.95 million during the quarter, compared to analysts’ expectations of $260.89 million. Helix Energy Solutions Group had a net margin of 1.10% and a return on equity of 1.82%. The firm’s revenue was up 3.6% on a year-over-year basis. Equities research analysts anticipate that Helix Energy Solutions Group, Inc. will post 0.28 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

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.