Pacer Advisors Inc. Takes $81.86 Million Position in Helix Energy Solutions Group, Inc. (NYSE:HLX)

Pacer Advisors Inc. acquired a new stake in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 6,856,074 shares of the oil and gas company’s stock, valued at approximately $81,862,000. Pacer Advisors Inc. owned 4.50% of Helix Energy Solutions Group as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. boosted its position in Helix Energy Solutions Group by 95.2% during the 1st quarter. Russell Investments Group Ltd. now owns 308,892 shares of the oil and gas company’s stock worth $3,348,000 after purchasing an additional 150,657 shares during the period. Assenagon Asset Management S.A. boosted its position in Helix Energy Solutions Group by 74.1% during the 2nd quarter. Assenagon Asset Management S.A. now owns 2,314,924 shares of the oil and gas company’s stock worth $27,640,000 after purchasing an additional 985,101 shares during the period. ARGA Investment Management LP purchased a new stake in Helix Energy Solutions Group during the 1st quarter worth $861,000. CANADA LIFE ASSURANCE Co boosted its position in Helix Energy Solutions Group by 35.6% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 236,168 shares of the oil and gas company’s stock worth $2,560,000 after purchasing an additional 61,963 shares during the period. Finally, First Eagle Investment Management LLC boosted its position in Helix Energy Solutions Group by 14.2% during the 1st quarter. First Eagle Investment Management LLC now owns 325,758 shares of the oil and gas company’s stock worth $3,531,000 after purchasing an additional 40,500 shares during the period. 91.33% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have commented on HLX shares. Raymond James started coverage on shares of Helix Energy Solutions Group in a report on Thursday. They issued a “strong-buy” rating and a $14.00 price objective on the stock. TD Cowen boosted their price objective on shares of Helix Energy Solutions Group from $15.00 to $16.00 and gave the stock a “buy” rating in a report on Tuesday, June 25th.

Helix Energy Solutions Group Stock Performance

Shares of HLX stock opened at $10.33 on Friday. Helix Energy Solutions Group, Inc. has a 12 month low of $8.82 and a 12 month high of $13.05. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.08 and a quick ratio of 2.08. The firm has a market capitalization of $1.57 billion, a P/E ratio of -49.19 and a beta of 2.42. The company’s fifty day moving average price is $10.90 and its two-hundred day moving average price is $10.99.

Helix Energy Solutions Group (NYSE:HLX) last issued its quarterly earnings data on Wednesday, July 24th. The oil and gas company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.03. The firm had revenue of $364.80 million for the quarter, compared to analyst estimates of $353.19 million. Helix Energy Solutions Group had a negative net margin of 0.49% and a positive return on equity of 4.35%. During the same quarter in the previous year, the business posted $0.11 EPS.

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.