Jacobs Levy Equity Management Inc. Has $9.63 Million Stock Position in Helix Energy Solutions Group, Inc. (NYSE:HLX)

Jacobs Levy Equity Management Inc. lifted its holdings in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX) by 9.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 1,032,819 shares of the oil and gas company’s stock after buying an additional 91,425 shares during the period. Jacobs Levy Equity Management Inc.’s holdings in Helix Energy Solutions Group were worth $9,626,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Smartleaf Asset Management LLC grew its stake in Helix Energy Solutions Group by 143.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 4,930 shares of the oil and gas company’s stock valued at $45,000 after buying an additional 2,902 shares during the last quarter. Quarry LP grew its stake in Helix Energy Solutions Group by 79.8% in the 4th quarter. Quarry LP now owns 4,776 shares of the oil and gas company’s stock valued at $45,000 after buying an additional 2,120 shares during the last quarter. KBC Group NV grew its stake in Helix Energy Solutions Group by 61.8% in the 4th quarter. KBC Group NV now owns 9,136 shares of the oil and gas company’s stock valued at $85,000 after buying an additional 3,491 shares during the last quarter. Vontobel Holding Ltd. acquired a new position in Helix Energy Solutions Group in the 4th quarter valued at $93,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in Helix Energy Solutions Group in the 4th quarter valued at $99,000. Institutional investors and hedge funds own 91.33% of the company’s stock.

Helix Energy Solutions Group Price Performance

Shares of Helix Energy Solutions Group stock opened at $6.73 on Wednesday. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.29 and a quick ratio of 2.29. Helix Energy Solutions Group, Inc. has a fifty-two week low of $5.66 and a fifty-two week high of $13.05. The firm has a fifty day moving average price of $7.21 and a two-hundred day moving average price of $8.52. The company has a market cap of $1.02 billion, a PE ratio of 168.29 and a beta of 1.69.

Helix Energy Solutions Group (NYSE:HLX) last issued its quarterly earnings results on Wednesday, April 23rd. The oil and gas company reported $0.02 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.07. Helix Energy Solutions Group had a net margin of 0.54% and a return on equity of 4.39%. The firm had revenue of $278.06 million during the quarter, compared to the consensus estimate of $285.06 million. Analysts expect that Helix Energy Solutions Group, Inc. will post 0.26 EPS for the current year.

Analyst Ratings Changes

Separately, Raymond James lowered shares of Helix Energy Solutions Group from a “strong-buy” rating to an “outperform” rating and lowered their target price for the company from $14.00 to $10.00 in a research note on Friday, April 25th.

Helix Energy Solutions Group Profile

Helix Energy Solutions Group, Inc, together with its subsidiaries, an offshore energy services company, provides specialty services to the offshore energy industry in Brazil, the Gulf of Mexico, the East Coast of the United States, North Sea, the Asia Pacific, and West Africa regions. The company operates through four segments: Well Intervention, Robotics, Production Facilities, and Shallow Water Abandonment segments.