Systematic Financial Management LP Raises Holdings in Helix Energy Solutions Group Inc (NYSE:HLX)

Systematic Financial Management LP lifted its stake in Helix Energy Solutions Group Inc (NYSE:HLX) by 196.3% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 67,805 shares of the oil and gas company’s stock after buying an additional 44,920 shares during the quarter. Systematic Financial Management LP’s holdings in Helix Energy Solutions Group were worth $547,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Los Angeles Capital Management & Equity Research Inc. purchased a new position in Helix Energy Solutions Group during the second quarter worth approximately $95,000. Campbell & CO Investment Adviser LLC acquired a new position in shares of Helix Energy Solutions Group during the third quarter valued at approximately $101,000. Fox Run Management L.L.C. acquired a new position in shares of Helix Energy Solutions Group during the second quarter valued at approximately $106,000. First Citizens Bank & Trust Co. raised its holdings in shares of Helix Energy Solutions Group by 11.3% during the third quarter. First Citizens Bank & Trust Co. now owns 13,504 shares of the oil and gas company’s stock valued at $109,000 after acquiring an additional 1,373 shares during the last quarter. Finally, Acadian Asset Management LLC acquired a new position in shares of Helix Energy Solutions Group during the second quarter valued at approximately $115,000. Hedge funds and other institutional investors own 93.76% of the company’s stock.

In related news, CFO Erik Staffeldt sold 17,027 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $9.50, for a total value of $161,756.50. Following the completion of the sale, the chief financial officer now owns 157,467 shares of the company’s stock, valued at $1,495,936.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Nancy K. Quinn sold 12,677 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $9.58, for a total value of $121,445.66. Following the completion of the sale, the director now directly owns 104,466 shares of the company’s stock, valued at approximately $1,000,784.28. The disclosure for this sale can be found here. In the last ninety days, insiders sold 44,704 shares of company stock valued at $417,902. Insiders own 5.45% of the company’s stock.

NYSE:HLX opened at $8.44 on Friday. Helix Energy Solutions Group Inc has a one year low of $5.05 and a one year high of $9.85. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.64 and a current ratio of 1.64. The stock has a market cap of $1.25 billion, a PE ratio of 44.42, a P/E/G ratio of 0.96 and a beta of 2.77. The stock has a 50 day moving average price of $8.37 and a 200 day moving average price of $7.98.

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

A number of equities analysts have commented on HLX shares. Zacks Investment Research cut Helix Energy Solutions Group from a “strong-buy” rating to a “hold” rating in a report on Friday, October 25th. Bank of America reissued a “buy” rating and set a $11.00 target price on shares of Helix Energy Solutions Group in a report on Tuesday. Finally, ValuEngine cut Helix Energy Solutions Group from a “hold” rating to a “sell” rating in a report on Monday, November 11th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $10.38.

Helix Energy Solutions Group Company Profile

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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