Victory Capital Management Inc. grew its stake in Helix Energy Solutions Group Inc (NYSE:HLX) by 2.3% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 6,486,231 shares of the oil and gas company’s stock after buying an additional 147,940 shares during the period. Victory Capital Management Inc.’s holdings in Helix Energy Solutions Group were worth $48,906,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Royce & Associates LP grew its position in shares of Helix Energy Solutions Group by 16.8% during the third quarter. Royce & Associates LP now owns 373,976 shares of the oil and gas company’s stock worth $2,764,000 after purchasing an additional 53,800 shares in the last quarter. BNP Paribas Arbitrage SA grew its position in shares of Helix Energy Solutions Group by 67.7% during the third quarter. BNP Paribas Arbitrage SA now owns 72,888 shares of the oil and gas company’s stock worth $539,000 after purchasing an additional 29,416 shares in the last quarter. Shell Asset Management Co. grew its position in shares of Helix Energy Solutions Group by 97.8% during the third quarter. Shell Asset Management Co. now owns 137,199 shares of the oil and gas company’s stock worth $3,027,000 after purchasing an additional 67,844 shares in the last quarter. South Dakota Investment Council grew its position in shares of Helix Energy Solutions Group by 68.0% during the third quarter. South Dakota Investment Council now owns 214,249 shares of the oil and gas company’s stock worth $1,583,000 after purchasing an additional 86,749 shares in the last quarter. Finally, 361 Capital LLC purchased a new stake in shares of Helix Energy Solutions Group during the third quarter worth about $2,352,000. Hedge funds and other institutional investors own 85.88% of the company’s stock.

In related news, Director Nancy K. Quinn sold 11,268 shares of the stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $7.44, for a total transaction of $83,833.92. Following the completion of the transaction, the director now directly owns 104,107 shares of the company’s stock, valued at $774,556.08. The sale was disclosed in a filing with the SEC, which is available through this link. 5.70% of the stock is currently owned by corporate insiders.

HLX has been the subject of several research analyst reports. Zacks Investment Research upgraded Helix Energy Solutions Group from a “hold” rating to a “buy” rating and set a $9.25 target price for the company in a research report on Wednesday, January 24th. Cowen set a $10.00 target price on Helix Energy Solutions Group and gave the stock a “buy” rating in a research report on Thursday, January 11th. Piper Jaffray Companies set a $7.00 target price on Helix Energy Solutions Group and gave the stock a “hold” rating in a research report on Sunday, December 31st. Capital One Financial reiterated an “overweight” rating on shares of Helix Energy Solutions Group in a research report on Tuesday, October 10th. Finally, ValuEngine cut Helix Energy Solutions Group from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $8.54.

Helix Energy Solutions Group Inc (HLX) opened at $7.22 on Wednesday. Helix Energy Solutions Group Inc has a one year low of $4.82 and a one year high of $8.73. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.02 and a quick ratio of 2.02.

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Helix Energy Solutions Group Profile

Helix Energy Solutions Group, Inc is an international offshore energy services company. The Company provides services to the offshore energy industry, with a focus on well intervention and robotics operations. The Company operates in 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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