Helix Energy Solutions Group, Inc. (NYSE:HLX) Shares Acquired by Principal Financial Group Inc.

Principal Financial Group Inc. boosted its holdings in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX - Free Report) by 87.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,489,359 shares of the oil and gas company's stock after acquiring an additional 696,395 shares during the period. Principal Financial Group Inc. owned 0.98% of Helix Energy Solutions Group worth $17,783,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of HLX. Public Employees Retirement Association of Colorado lifted its stake in shares of Helix Energy Solutions Group by 33,636.3% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 1,902,392 shares of the oil and gas company's stock worth $19,557,000 after buying an additional 1,896,753 shares in the last quarter. Wellington Management Group LLP increased its holdings in Helix Energy Solutions Group by 99.9% in the 4th quarter. Wellington Management Group LLP now owns 3,107,643 shares of the oil and gas company's stock worth $31,947,000 after buying an additional 1,552,693 shares in the last quarter. Assenagon Asset Management S.A. raised its position 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 worth $27,640,000 after buying an additional 985,101 shares during the last quarter. Gate City Capital Management LLC bought a new position in Helix Energy Solutions Group during the 4th quarter valued at about $8,474,000. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Helix Energy Solutions Group by 4.7% during 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 acquiring an additional 489,105 shares during the last quarter. Institutional investors own 91.33% of the company's stock.

Helix Energy Solutions Group Price Performance

Shares of Helix Energy Solutions Group stock traded down $0.13 during trading hours on Thursday, hitting $10.15. The company's stock had a trading volume of 1,809,657 shares, compared to its average volume of 1,729,437. The company has a market cap of $1.55 billion, a PE ratio of -48.33 and a beta of 2.45. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.08 and a current ratio of 2.08. The business has a 50 day moving average price of $11.40 and a two-hundred day moving average price of $10.97. 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 announced 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 company had revenue of $364.80 million for the quarter, compared to the consensus estimate of $353.19 million. During the same period in the previous year, the firm posted $0.11 EPS.

Wall Street Analysts Forecast Growth

Separately, TD Cowen increased their target price on shares of Helix Energy Solutions Group from $15.00 to $16.00 and gave the stock a "buy" rating in a report on Tuesday, June 25th.

Insider Activity at Helix Energy Solutions Group

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

About Helix Energy Solutions Group

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.