Maverick Capital Ltd. Purchases New Shares in Helix Energy Solutions Group, Inc. $HLX

Maverick Capital Ltd. purchased a new position in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX) during the 1st quarter, Holdings Channel.com reports. The fund purchased 75,723 shares of the oil and gas company’s stock, valued at approximately $749,000.

A number of other institutional investors have also recently added to or reduced their stakes in HLX. Tudor Investment Corp ET AL acquired a new stake in shares of Helix Energy Solutions Group during the third quarter valued at about $799,000. Bastion Asset Management Inc. acquired a new position in shares of Helix Energy Solutions Group in the first quarter worth about $8,581,000. Simcoe Capital LLC acquired a new position in shares of Helix Energy Solutions Group in the fourth quarter worth about $3,816,000. Aristeia Capital L.L.C. boosted its holdings in Helix Energy Solutions Group by 807.6% in the fourth quarter. Aristeia Capital L.L.C. now owns 126,126 shares of the oil and gas company’s stock valued at $791,000 after purchasing an additional 112,229 shares during the last quarter. Finally, Royce & Associates LP boosted its holdings in Helix Energy Solutions Group by 34.4% in the fourth quarter. Royce & Associates LP now owns 226,320 shares of the oil and gas company’s stock valued at $1,419,000 after purchasing an additional 57,987 shares during the last quarter. Institutional investors and hedge funds own 91.33% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. TD Cowen lifted their price objective on Helix Energy Solutions Group from $13.00 to $14.00 and gave the stock a “buy” rating in a report on Friday, April 24th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Helix Energy Solutions Group in a research note on Friday. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $14.00.

Helix Energy Solutions Group Stock Down 5.8%

Shares of Helix Energy Solutions Group stock opened at $9.08 on Wednesday. The business has a 50-day moving average price of $9.32 and a 200 day moving average price of $9.13. Helix Energy Solutions Group, Inc. has a fifty-two week low of $5.58 and a fifty-two week high of $10.75. The firm has a market cap of $1.34 billion, a P/E ratio of 90.78 and a beta of 1.12. The company has a quick ratio of 2.92, a current ratio of 2.92 and a debt-to-equity ratio of 0.19.

About Helix Energy Solutions Group

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.