Penn Capital Management Company LLC acquired a new position in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX – Get Rating) in the 3rd quarter, according to its most recent filing with the SEC. The fund acquired 10,856 shares of the oil and gas company’s stock, valued at approximately $42,000.
A number of other hedge funds have also made changes to their positions in HLX. Goldman Sachs Group Inc. lifted 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 worth $10,406,000 after buying an additional 1,457,577 shares in the last quarter. Voya Investment Management LLC lifted its stake in Helix Energy Solutions Group by 1,280.5% in the 2nd quarter. Voya Investment Management LLC now owns 1,335,175 shares of the oil and gas company’s stock worth $4,139,000 after purchasing an additional 1,238,461 shares in the last quarter. State Street Corp boosted its holdings in shares of Helix Energy Solutions Group by 12.4% during the 1st quarter. State Street Corp now owns 7,200,373 shares of the oil and gas company’s stock worth $34,418,000 after purchasing an additional 794,783 shares during the last quarter. JPMorgan Chase & Co. grew its position 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 purchasing an additional 717,074 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its holdings in shares of Helix Energy Solutions Group by 103.3% in the third quarter. Assenagon Asset Management S.A. now owns 1,309,760 shares of the oil and gas company’s stock valued at $5,056,000 after purchasing an additional 665,595 shares during the last quarter. Institutional investors and hedge funds own 87.78% of the company’s stock.
Helix Energy Solutions Group Price Performance
HLX stock opened at $7.39 on Friday. Helix Energy Solutions Group, Inc. has a 52-week low of $2.47 and a 52-week high of $9.16. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.15. The stock has a market cap of $1.12 billion, a price-to-earnings ratio of -12.74 and a beta of 2.79. The business has a fifty day moving average of $7.92 and a two-hundred day moving average of $6.40.
Wall Street Analyst Weigh In
Separately, StockNews.com cut Helix Energy Solutions Group from a “hold” rating to a “sell” rating in a report on Friday, March 10th. One research analyst has rated the stock with a sell rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $7.71.
About Helix Energy Solutions Group
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.
Featured Articles
- Get a free copy of the StockNews.com research report on Helix Energy Solutions Group (HLX)
- Don’t Miss Out: $2 Trillion Could be Headed to the Banking Sector
- A Weakening Economy Suggests Caution Before Buying Five Below
- Williams-Sonoma: Time To Buy At Rock-Bottom Prices
- Why DraftKings Could Keep Outperforming in 2023
- Charles Schwab And The Safest 30% You Can Make This Year
Want to see what other hedge funds are holding HLX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Helix Energy Solutions Group, Inc. (NYSE:HLX – Get Rating).
Receive News & Ratings for Helix Energy Solutions Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Helix Energy Solutions Group and related companies with MarketBeat.com's FREE daily email newsletter.
