Raymond James Financial Inc. Invests $6.07 Million in Helix Energy Solutions Group, Inc. (NYSE:HLX)

Raymond James Financial Inc. acquired a new stake in Helix Energy Solutions Group, Inc. (NYSE:HLX) during the 4th quarter, Holdings Channel reports. The fund acquired 651,235 shares of the oil and gas company’s stock, valued at approximately $6,070,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Smartleaf Asset Management LLC raised its stake in shares of Helix Energy Solutions Group by 143.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 4,930 shares of the oil and gas company’s stock valued at $45,000 after purchasing an additional 2,902 shares during the period. Millburn Ridgefield Corp bought a new position in shares of Helix Energy Solutions Group during the third quarter worth about $61,000. KBC Group NV raised its position in Helix Energy Solutions Group by 61.8% in the 4th quarter. KBC Group NV now owns 9,136 shares of the oil and gas company’s stock valued at $85,000 after buying an additional 3,491 shares during the last quarter. Vontobel Holding Ltd. bought a new stake in Helix Energy Solutions Group in the 4th quarter valued at approximately $93,000. Finally, Paloma Partners Management Co acquired a new position in Helix Energy Solutions Group during the 3rd quarter worth approximately $130,000. 91.33% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Helix Energy Solutions Group from a “sell” rating to a “hold” rating in a report on Wednesday, December 4th.

Helix Energy Solutions Group Price Performance

Shares of NYSE HLX opened at $8.64 on Tuesday. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.29 and a quick ratio of 2.29. The business has a 50-day moving average of $8.31 and a 200-day moving average of $9.38. The stock has a market capitalization of $1.30 billion, a price-to-earnings ratio of 215.98 and a beta of 2.41. Helix Energy Solutions Group, Inc. has a fifty-two week low of $7.56 and a fifty-two week high of $13.05.

Helix Energy Solutions Group (NYSE:HLX) last posted its quarterly earnings results on Monday, February 24th. The oil and gas company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.04. Helix Energy Solutions Group had a return on equity of 4.39% and a net margin of 0.54%. The firm had revenue of $355.13 million during the quarter, compared to the consensus estimate of $311.66 million. As a group, sell-side analysts predict that Helix Energy Solutions Group, Inc. will post 0.26 earnings per share for the current fiscal year.

Insider Activity at Helix Energy Solutions Group

In other news, EVP Kenneth English Neikirk sold 83,991 shares of the company’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $9.17, for a total value of $770,197.47. Following the sale, the executive vice president now directly owns 104,549 shares of the company’s stock, valued at approximately $958,714.33. This represents a 44.55 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 6.37% of the stock is owned by company insiders.

About Helix Energy Solutions Group

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.