Helix Energy Solutions Group, Inc. (NYSE:HLX) Shares Acquired by Panagora Asset Management Inc.

Panagora Asset Management Inc. boosted its holdings in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX - Free Report) by 2.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,122,153 shares of the oil and gas company's stock after buying an additional 22,826 shares during the quarter. Panagora Asset Management Inc. owned about 0.74% of Helix Energy Solutions Group worth $13,399,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Russell Investments Group Ltd. lifted its holdings in shares of Helix Energy Solutions Group by 95.2% during the first quarter. Russell Investments Group Ltd. now owns 308,892 shares of the oil and gas company's stock worth $3,348,000 after buying an additional 150,657 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Helix Energy Solutions Group by 4.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 10,906,292 shares of the oil and gas company's stock valued at $112,118,000 after purchasing an additional 489,105 shares during the period. Assenagon Asset Management S.A. boosted its holdings in Helix Energy Solutions Group by 74.1% in the 2nd quarter. Assenagon Asset Management S.A. now owns 2,314,924 shares of the oil and gas company's stock valued at $27,640,000 after purchasing an additional 985,101 shares during the period. ARGA Investment Management LP bought a new position in shares of Helix Energy Solutions Group during the 1st quarter worth about $861,000. Finally, CANADA LIFE ASSURANCE Co raised its holdings in Helix Energy Solutions Group by 35.6% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 236,168 shares of the oil and gas company's stock valued at $2,560,000 after acquiring an additional 61,963 shares in the last quarter. 91.33% of the stock is currently owned by institutional investors.

Helix Energy Solutions Group Price Performance

Helix Energy Solutions Group stock traded down $0.24 during trading hours on Friday, hitting $11.22. 1,207,325 shares of the stock were exchanged, compared to its average volume of 1,732,889. The stock has a market capitalization of $1.71 billion, a P/E ratio of -53.43 and a beta of 2.45. The business's 50-day moving average is $11.46 and its two-hundred day moving average is $10.95. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.08 and a current ratio of 2.08. Helix Energy Solutions Group, Inc. has a 12 month low of $8.82 and a 12 month high of $13.05.

Helix Energy Solutions Group (NYSE:HLX - Get Free Report) last released its quarterly earnings results on Wednesday, July 24th. The oil and gas company reported $0.21 earnings per share for the quarter, beating analysts' consensus estimates of $0.18 by $0.03. The firm had revenue of $364.80 million during the quarter, compared to analysts' expectations of $353.19 million. Helix Energy Solutions Group had a positive return on equity of 4.35% and a negative net margin of 0.49%. During the same period last year, the firm posted $0.11 EPS. Equities research analysts expect that Helix Energy Solutions Group, Inc. will post 0.39 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Diana Glassman sold 2,864 shares of the stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $10.49, for a total transaction of $30,043.36. Following the sale, the director now directly owns 42,133 shares of the company's stock, valued at $441,975.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 6.37% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Separately, TD Cowen raised their price target on shares of Helix Energy Solutions Group from $15.00 to $16.00 and gave the stock a "buy" rating in a research note on Tuesday, June 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.