Swiss National Bank Grows Stock Holdings in Helix Energy Solutions Group, Inc. (NYSE:HLX)

Swiss National Bank boosted its holdings in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX – Get Rating) by 2.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 348,000 shares of the oil and gas company’s stock after purchasing an additional 9,100 shares during the quarter. Swiss National Bank owned about 0.23% of Helix Energy Solutions Group worth $2,568,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. Goldman Sachs Group Inc. raised its stake in shares of Helix Energy Solutions Group by 202.6% in the first quarter. Goldman Sachs Group Inc. now owns 2,177,004 shares of the oil and gas company’s stock valued at $10,406,000 after acquiring an additional 1,457,577 shares during the period. Voya Investment Management LLC raised its stake in shares of Helix Energy Solutions Group by 1,280.5% in the second quarter. Voya Investment Management LLC now owns 1,335,175 shares of the oil and gas company’s stock valued at $4,139,000 after acquiring an additional 1,238,461 shares during the period. State Street Corp raised its stake in shares of Helix Energy Solutions Group by 12.4% in the first quarter. State Street Corp now owns 7,200,373 shares of the oil and gas company’s stock valued at $34,418,000 after acquiring an additional 794,783 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Helix Energy Solutions Group by 157.0% in the first quarter. JPMorgan Chase & Co. now owns 1,173,934 shares of the oil and gas company’s stock valued at $5,611,000 after acquiring an additional 717,074 shares during the period. Finally, Renaissance Technologies LLC raised its stake in shares of Helix Energy Solutions Group by 313.3% in the second quarter. Renaissance Technologies LLC now owns 798,526 shares of the oil and gas company’s stock valued at $2,475,000 after acquiring an additional 605,326 shares during the period. Hedge funds and other institutional investors own 87.78% of the company’s stock.

Helix Energy Solutions Group Stock Performance

NYSE HLX opened at $6.82 on Thursday. The company’s 50-day moving average price is $7.30 and its 200-day moving average price is $7.30. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.15. The stock has a market cap of $1.03 billion, a PE ratio of -20.67 and a beta of 2.78. Helix Energy Solutions Group, Inc. has a 12 month low of $2.47 and a 12 month high of $9.16.

Helix Energy Solutions Group (NYSE:HLX – Get Rating) last posted its quarterly earnings results on Monday, February 20th. The oil and gas company reported $0.09 EPS for the quarter. The firm had revenue of $287.82 million for the quarter, compared to analysts’ expectations of $244.70 million. Helix Energy Solutions Group had a negative net margin of 5.23% and a negative return on equity of 2.25%. Equities research analysts forecast that Helix Energy Solutions Group, Inc. will post 0.46 earnings per share for the current year.

Helix Energy Solutions Group declared that its Board of Directors has initiated a stock buyback program on Monday, February 20th that allows the company to buyback $200.00 million in outstanding shares. This buyback authorization allows the oil and gas company to repurchase up to 16.5% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on shares of Helix Energy Solutions Group in a research note on Thursday, May 18th. They issued a “hold” rating on the stock. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $7.80.

Helix Energy Solutions Group Profile

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Helix Energy Solutions Group, Inc is an international offshore energy company. It focuses on subsea construction, maintenance and salvage services to the offshore natural gas and oil industry. The firm also provides specialty services to the offshore energy industry, with a focus on well intervention and robotics operations.