MQS Management LLC Raises Position in Helix Energy Solutions Group, Inc. $HLX

MQS Management LLC lifted its stake in Helix Energy Solutions Group, Inc. (NYSE:HLX) by 59.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 40,876 shares of the oil and gas company’s stock after buying an additional 15,248 shares during the period. MQS Management LLC’s holdings in Helix Energy Solutions Group were worth $255,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. AlphaQuest LLC boosted its holdings in Helix Energy Solutions Group by 594,600.0% in the first quarter. AlphaQuest LLC now owns 5,947 shares of the oil and gas company’s stock valued at $49,000 after purchasing an additional 5,946 shares during the last quarter. Smartleaf Asset Management LLC boosted its holdings in Helix Energy Solutions Group by 43.1% in the first quarter. Smartleaf Asset Management LLC now owns 7,053 shares of the oil and gas company’s stock valued at $59,000 after purchasing an additional 2,123 shares during the last quarter. CWM LLC boosted its holdings in Helix Energy Solutions Group by 78.0% in the first quarter. CWM LLC now owns 10,699 shares of the oil and gas company’s stock valued at $89,000 after purchasing an additional 4,688 shares during the last quarter. Strs Ohio purchased a new position in Helix Energy Solutions Group in the first quarter valued at about $89,000. Finally, Cresset Asset Management LLC purchased a new position in Helix Energy Solutions Group in the first quarter valued at about $91,000. Hedge funds and other institutional investors own 91.33% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on HLX. Zacks Research downgraded Helix Energy Solutions Group from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 22nd. Wall Street Zen upgraded Helix Energy Solutions Group from a “sell” rating to a “hold” rating in a research note on Saturday. Cowen restated a “buy” rating on shares of Helix Energy Solutions Group in a research note on Friday. TD Cowen upped their price objective on Helix Energy Solutions Group from $11.00 to $12.00 and gave the company a “buy” rating in a research note on Friday. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Helix Energy Solutions Group in a research note on Tuesday, October 14th. Three equities research analysts have rated the stock with a Buy rating and two have given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $10.50.

Helix Energy Solutions Group Stock Down 4.4%

HLX opened at $6.69 on Tuesday. Helix Energy Solutions Group, Inc. has a 12 month low of $5.52 and a 12 month high of $11.48. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.54 and a quick ratio of 2.54. The stock has a market cap of $983.82 million, a P/E ratio of 23.89 and a beta of 1.53. The stock’s 50 day moving average price is $6.45 and its 200 day moving average price is $6.43.

Helix Energy Solutions Group (NYSE:HLX) last issued its quarterly earnings results on Wednesday, October 22nd. The oil and gas company reported $0.15 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.15. The firm had revenue of $376.96 million during the quarter, compared to analyst estimates of $361.93 million. Helix Energy Solutions Group had a return on equity of 2.75% and a net margin of 3.25%.The firm’s revenue was up 10.1% on a year-over-year basis. As a group, research analysts predict that Helix Energy Solutions Group, Inc. will post 0.26 earnings per share for the current year.

Helix Energy Solutions Group Company Profile

Helix Energy Solutions Group, Inc, together with its subsidiaries, an offshore energy services company, provides specialty services to the offshore energy industry in Brazil, the Gulf of Mexico, the East Coast of the United States, North Sea, the Asia Pacific, and West Africa regions. The company operates through four segments: Well Intervention, Robotics, Production Facilities, and Shallow Water Abandonment segments.