Millennium Management LLC raised its position in Helix Energy Solutions Group Inc (NYSE:HLX) by 1,218.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,926,428 shares of the oil and gas company’s stock after purchasing an additional 2,704,543 shares during the quarter. Millennium Management LLC’s holdings in Helix Energy Solutions Group were worth $23,587,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Squarepoint Ops LLC acquired a new position in shares of Helix Energy Solutions Group in the third quarter valued at approximately $437,000. Voloridge Investment Management LLC acquired a new stake in Helix Energy Solutions Group during the 3rd quarter worth approximately $250,000. California State Teachers Retirement System boosted its position in Helix Energy Solutions Group by 1.5% during the 3rd quarter. California State Teachers Retirement System now owns 221,846 shares of the oil and gas company’s stock worth $1,788,000 after buying an additional 3,342 shares during the period. Virtu Financial LLC acquired a new stake in Helix Energy Solutions Group during the 3rd quarter worth approximately $106,000. Finally, Systematic Financial Management LP grew its holdings in Helix Energy Solutions Group by 196.3% during the 3rd quarter. Systematic Financial Management LP now owns 67,805 shares of the oil and gas company’s stock worth $547,000 after acquiring an additional 44,920 shares during the last quarter. 94.69% of the stock is currently owned by hedge funds and other institutional investors.

Several brokerages have issued reports on HLX. Johnson Rice upgraded shares of Helix Energy Solutions Group from an “accumulate” rating to a “buy” rating in a research report on Monday, November 25th. TheStreet raised shares of Helix Energy Solutions Group from a “c+” rating to a “b-” rating in a research note on Monday, November 18th. Bank of America restated a “buy” rating and issued a $11.00 price objective on shares of Helix Energy Solutions Group in a report on Tuesday, November 12th. Zacks Investment Research lowered Helix Energy Solutions Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 25th. Finally, ValuEngine raised Helix Energy Solutions Group from a “sell” rating to a “hold” rating in a report on Tuesday, November 19th. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $10.38.

Helix Energy Solutions Group stock opened at $8.37 on Tuesday. The stock’s 50 day moving average is $8.54 and its 200 day moving average is $8.04. Helix Energy Solutions Group Inc has a one year low of $5.05 and a one year high of $9.85. The firm has a market cap of $1.24 billion, a P/E ratio of 44.05, a P/E/G ratio of 0.95 and a beta of 2.78. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.64 and a quick ratio of 1.64.

Helix Energy Solutions Group (NYSE:HLX) last issued its quarterly earnings results on Monday, October 21st. The oil and gas company reported $0.21 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.05. Helix Energy Solutions Group had a net margin of 4.88% and a return on equity of 2.20%. The firm had revenue of $212.61 million for the quarter, compared to the consensus estimate of $211.72 million. During the same quarter in the previous year, the company earned $0.18 EPS. The company’s revenue for the quarter was up .0% on a year-over-year basis. Equities analysts anticipate that Helix Energy Solutions Group Inc will post 0.35 earnings per share for the current fiscal year.

In other news, CFO Erik Staffeldt sold 17,027 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $9.50, for a total value of $161,756.50. Following the transaction, the chief financial officer now directly owns 157,467 shares of the company’s stock, valued at approximately $1,495,936.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Nancy K. Quinn sold 12,677 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $9.58, for a total value of $121,445.66. Following the sale, the director now owns 104,466 shares in the company, valued at approximately $1,000,784.28. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 44,704 shares of company stock valued at $417,902. 5.45% of the stock is currently owned by corporate insiders.

About Helix Energy Solutions Group

Helix Energy Solutions Group, Inc, an offshore energy services company, provides specialty services to the offshore energy industry primarily in Brazil, the Gulf of Mexico, North Sea, the Asia Pacific, and West Africa regions. The company operates through three segments: Well Intervention, Robotics, and Production Facilities.

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Institutional Ownership by Quarter for Helix Energy Solutions Group (NYSE:HLX)

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