Helix Energy Solutions Group, Inc. (NYSE:HLX) Shares Sold by Susquehanna Portfolio Strategies LLC

Susquehanna Portfolio Strategies LLC reduced its holdings in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX) by 15.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,291 shares of the oil and gas company’s stock after selling 4,400 shares during the quarter. Susquehanna Portfolio Strategies LLC’s holdings in Helix Energy Solutions Group were worth $290,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analyst Ratings Changes

HLX has been the topic of a number of research analyst reports. TD Cowen increased their price objective on shares of Helix Energy Solutions Group from $15.00 to $16.00 and gave the company a “buy” rating in a research note on Tuesday, June 25th. Raymond James initiated coverage on Helix Energy Solutions Group in a research note on Thursday, September 19th. They issued a “strong-buy” rating and a $14.00 price target for the company.

Helix Energy Solutions Group Stock Up 5.5 %

HLX opened at $10.80 on Monday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.08 and a current ratio of 2.08. The company has a market capitalization of $1.65 billion, a PE ratio of -51.43 and a beta of 2.42. The stock’s fifty day moving average is $10.67 and its 200-day moving average is $11.03. Helix Energy Solutions Group, Inc. has a one year low of $8.82 and a one year high of $13.05.

Helix Energy Solutions Group (NYSE:HLX) last issued its quarterly earnings results on Wednesday, July 24th. The oil and gas company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.03. Helix Energy Solutions Group had a negative net margin of 0.49% and a positive return on equity of 4.35%. The company had revenue of $364.80 million during the quarter, compared to the consensus estimate of $353.19 million. During the same period in the prior year, the company earned $0.11 EPS. On average, equities analysts predict that Helix Energy Solutions Group, Inc. will post 0.29 EPS for the current fiscal year.

Helix Energy Solutions Group 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.