BNP PARIBAS ASSET MANAGEMENT Holding S.A. Makes New Investment in Helix Energy Solutions Group, Inc. (NYSE:HLX)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX - Free Report) in the second quarter, according to its most recent disclosure with the SEC. The firm acquired 959,038 shares of the oil and gas company's stock, valued at approximately $11,451,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned approximately 0.63% of Helix Energy Solutions Group at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. GAMMA Investing LLC bought a new stake in Helix Energy Solutions Group in the 4th quarter valued at $44,000. Yousif Capital Management LLC lifted its position in shares of Helix Energy Solutions Group by 9.8% in the fourth quarter. Yousif Capital Management LLC now owns 77,080 shares of the oil and gas company's stock worth $792,000 after buying an additional 6,871 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in Helix Energy Solutions Group by 141.6% during the fourth quarter. Russell Investments Group Ltd. now owns 158,235 shares of the oil and gas company's stock valued at $1,627,000 after buying an additional 92,731 shares during the last quarter. Victory Capital Management Inc. grew its holdings in Helix Energy Solutions Group by 9.8% during the 4th quarter. Victory Capital Management Inc. now owns 201,373 shares of the oil and gas company's stock valued at $2,070,000 after buying an additional 18,028 shares in the last quarter. Finally, Teacher Retirement System of Texas grew its holdings in shares of Helix Energy Solutions Group by 87.2% in the fourth quarter. Teacher Retirement System of Texas now owns 99,552 shares of the oil and gas company's stock valued at $1,023,000 after purchasing an additional 46,368 shares in the last quarter. Institutional investors own 91.33% of the company's stock.

Helix Energy Solutions Group Stock Down 2.1 %

Shares of HLX traded down $0.24 during mid-day trading on Friday, hitting $11.22. 1,217,645 shares of the company traded hands, compared to its average volume of 1,732,889. The company has a market capitalization of $1.71 billion, a PE ratio of -53.43 and a beta of 2.45. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 0.21. The business has a 50 day moving average of $11.46 and a 200 day moving average of $10.96. Helix Energy Solutions Group, Inc. has a 1-year low of $8.82 and a 1-year high of $13.05.

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

Insider Buying and Selling

In other Helix Energy Solutions Group news, Director Diana Glassman sold 2,864 shares of the business's stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $10.49, for a total transaction of $30,043.36. Following the sale, the director now owns 42,133 shares in the company, valued at approximately $441,975.17. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 6.37% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Separately, TD Cowen increased their price target on Helix Energy Solutions Group from $15.00 to $16.00 and gave the stock a "buy" rating in a report 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.