Simcoe Capital LLC Invests $3.82 Million in Helix Energy Solutions Group, Inc. $HLX

Simcoe Capital LLC acquired a new position in Helix Energy Solutions Group, Inc. (NYSE:HLX) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 608,632 shares of the oil and gas company’s stock, valued at approximately $3,816,000. Helix Energy Solutions Group comprises 3.6% of Simcoe Capital LLC’s investment portfolio, making the stock its 12th biggest holding. Simcoe Capital LLC owned about 0.41% of Helix Energy Solutions Group as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HLX. AQR Capital Management LLC raised its position in Helix Energy Solutions Group by 530.1% during the first quarter. AQR Capital Management LLC now owns 235,208 shares of the oil and gas company’s stock valued at $1,955,000 after acquiring an additional 197,882 shares in the last quarter. Caxton Associates LLP purchased a new position in Helix Energy Solutions Group during the first quarter valued at approximately $184,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Helix Energy Solutions Group by 9.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 373,201 shares of the oil and gas company’s stock valued at $3,101,000 after acquiring an additional 32,643 shares in the last quarter. Jane Street Group LLC raised its position in Helix Energy Solutions Group by 1,836.3% during the first quarter. Jane Street Group LLC now owns 378,195 shares of the oil and gas company’s stock valued at $3,143,000 after acquiring an additional 358,663 shares in the last quarter. Finally, Strs Ohio purchased a new position in Helix Energy Solutions Group during the first quarter valued at approximately $89,000. 91.33% of the stock is owned by institutional investors and hedge funds.

Helix Energy Solutions Group Stock Performance

Shares of NYSE:HLX opened at $9.92 on Wednesday. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.92 and a quick ratio of 2.92. The business’s 50 day moving average price is $9.58 and its 200-day moving average price is $8.08. The firm has a market capitalization of $1.46 billion, a PE ratio of 99.15 and a beta of 1.16. Helix Energy Solutions Group, Inc. has a 1 year low of $5.52 and a 1 year high of $10.75.

Helix Energy Solutions Group (NYSE:HLX) last issued its quarterly earnings results on Wednesday, April 22nd. The oil and gas company reported ($0.09) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.09). The firm had revenue of $287.95 million for the quarter, compared to analyst estimates of $260.89 million. Helix Energy Solutions Group had a return on equity of 1.82% and a net margin of 1.10%.The firm’s quarterly revenue was up 3.6% compared to the same quarter last year. As a group, equities research analysts expect that Helix Energy Solutions Group, Inc. will post 0.33 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Weiss Ratings cut Helix Energy Solutions Group from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, April 27th. TD Cowen boosted their price objective on Helix Energy Solutions Group from $13.00 to $14.00 and gave the company a “buy” rating in a research report on Friday, April 24th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $11.50.

Helix Energy Solutions Group Profile

Helix Energy Solutions Group, Inc (NYSE: HLX) is a Houston-based provider of offshore well intervention and robotics services to the global energy industry. The company specializes in extending the productive life of subsea wells through hydraulic workover systems, coiled tubing operations and riser-based wireline services. In addition, Helix offers remotely operated vehicle (ROV) support, inspection, maintenance and repair for subsea infrastructure.

Operating through three core business segments—Well Intervention, Robotics & Subsea Services and Production Facilities—Helix deploys purpose-built vessels, specialized equipment and engineering expertise to execute complex offshore projects.