Tudor Investment Corp ET AL Takes Position in Helix Energy Solutions Group, Inc. $HLX

Tudor Investment Corp ET AL acquired a new position in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 121,835 shares of the oil and gas company’s stock, valued at approximately $799,000. Tudor Investment Corp ET AL owned about 0.08% of Helix Energy Solutions Group as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in HLX. Drucker Wealth 3.0 LLC purchased a new stake in Helix Energy Solutions Group during the third quarter valued at about $66,000. Ballentine Partners LLC purchased a new position in shares of Helix Energy Solutions Group in the 3rd quarter worth about $70,000. Strs Ohio bought a new position in shares of Helix Energy Solutions Group during the 1st quarter valued at about $89,000. Federated Hermes Inc. bought a new position in shares of Helix Energy Solutions Group during the 3rd quarter valued at about $74,000. Finally, AXQ Capital LP purchased a new position in shares of Helix Energy Solutions Group during the 3rd quarter valued at about $77,000. 91.33% of the stock is currently owned by hedge funds and other institutional investors.

Helix Energy Solutions Group Stock Performance

Helix Energy Solutions Group stock opened at $9.77 on Tuesday. The firm has a fifty day simple moving average of $8.83 and a two-hundred day simple moving average of $7.43. The company has a quick ratio of 2.75, a current ratio of 2.75 and a debt-to-equity ratio of 0.19. 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 market capitalization of $1.44 billion, a PE ratio of 46.50 and a beta of 1.20.

Helix Energy Solutions Group (NYSE:HLX) last announced its quarterly earnings data on Monday, February 23rd. The oil and gas company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.08. Helix Energy Solutions Group had a return on equity of 2.88% and a net margin of 2.39%.The firm had revenue of $334.16 million for the quarter, compared to analysts’ expectations of $304.67 million. Helix Energy Solutions Group’s revenue for the quarter was down 5.9% compared to the same quarter last year. Research analysts expect that Helix Energy Solutions Group, Inc. will post 0.26 EPS for the current year.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Helix Energy Solutions Group in a research note on Monday, December 29th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $10.50.

Helix Energy Solutions Group Company 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.