Connor Clark & Lunn Investment Management Ltd. Acquires New Shares in Helix Energy Solutions Group, Inc. $HLX

Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Helix Energy Solutions Group, Inc. (NYSE:HLX) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 342,515 shares of the oil and gas company’s stock, valued at approximately $2,994,000.

Other large investors have also recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in shares of Helix Energy Solutions Group in the second quarter worth about $198,670,000. Dimensional Fund Advisors LP boosted its stake in shares of Helix Energy Solutions Group by 2.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 8,959,806 shares of the oil and gas company’s stock worth $88,611,000 after acquiring an additional 249,887 shares in the last quarter. State Street Corp increased its holdings in shares of Helix Energy Solutions Group by 6.3% during the 4th quarter. State Street Corp now owns 6,263,543 shares of the oil and gas company’s stock valued at $39,272,000 after acquiring an additional 372,115 shares during the last quarter. Invesco Ltd. increased its holdings in shares of Helix Energy Solutions Group by 58.6% during the 4th quarter. Invesco Ltd. now owns 4,968,078 shares of the oil and gas company’s stock valued at $31,150,000 after acquiring an additional 1,835,536 shares during the last quarter. Finally, Millennium Management LLC raised its stake in shares of Helix Energy Solutions Group by 893.7% in the 3rd quarter. Millennium Management LLC now owns 4,025,701 shares of the oil and gas company’s stock valued at $26,409,000 after acquiring an additional 3,620,563 shares in the last quarter. 91.33% of the stock is currently owned by institutional investors.

Helix Energy Solutions Group Stock Up 0.2%

Helix Energy Solutions Group stock opened at $10.14 on Friday. The firm has a market cap of $1.49 billion, a price-to-earnings ratio of 37.56 and a beta of 1.14. The company has a debt-to-equity ratio of 0.19, a current ratio of 3.47 and a quick ratio of 3.47. Helix Energy Solutions Group, Inc. has a fifty-two week low of $6.03 and a fifty-two week high of $10.75. The firm has a fifty day moving average price of $9.50 and a two-hundred day moving average price of $9.50.

Helix Energy Solutions Group (NYSE:HLX) last released its quarterly earnings results on Thursday, August 6th. The oil and gas company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.02. The company had revenue of $304.02 million during the quarter, compared to analysts’ expectations of $314.56 million. Helix Energy Solutions Group had a net margin of 3.04% and a return on equity of 2.95%. As a group, analysts forecast that Helix Energy Solutions Group, Inc. will post 0.28 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on HLX shares. Wall Street Zen lowered Helix Energy Solutions Group from a “buy” rating to a “hold” rating in a report on Sunday, August 16th. Weiss Ratings upgraded Helix Energy Solutions Group from a “sell (d+)” rating to a “hold (c)” rating in a report on Tuesday, August 11th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $14.00.

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.