Helix Energy Solutions Group, Inc. $HLX Stake Boosted by Janus Henderson Group PLC

Janus Henderson Group PLC grew its position in Helix Energy Solutions Group, Inc. (NYSE:HLX) by 1,571.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,055,411 shares of the oil and gas company’s stock after purchasing an additional 992,261 shares during the period. Janus Henderson Group PLC’s holdings in Helix Energy Solutions Group were worth $10,438,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HLX. Quarry LP acquired a new position in Helix Energy Solutions Group in the fourth quarter worth approximately $27,000. Royal Bank of Canada lifted its stake in Helix Energy Solutions Group by 175.9% in the fourth quarter. Royal Bank of Canada now owns 6,993 shares of the oil and gas company’s stock valued at $44,000 after acquiring an additional 4,458 shares during the last quarter. State of Wyoming lifted its stake in Helix Energy Solutions Group by 357.7% in the first quarter. State of Wyoming now owns 10,449 shares of the oil and gas company’s stock valued at $103,000 after acquiring an additional 8,166 shares during the last quarter. Strs Ohio bought a new stake in Helix Energy Solutions Group in the first quarter worth approximately $89,000. Finally, Aaron Wealth Advisors LLC acquired a new position in shares of Helix Energy Solutions Group during the 4th quarter worth $74,000. 91.33% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on HLX shares. TD Cowen increased their price objective on Helix Energy Solutions Group from $13.00 to $14.00 and gave the company a “buy” rating in a report on Friday, April 24th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Helix Energy Solutions Group in a report on Friday, July 24th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $14.00.

Helix Energy Solutions Group Stock Performance

Shares of NYSE HLX opened at $9.62 on Wednesday. The firm has a market capitalization of $1.42 billion, a price-to-earnings ratio of 96.24 and a beta of 1.14. Helix Energy Solutions Group, Inc. has a one year low of $5.58 and a one year high of $10.75. The business has a fifty day simple moving average of $9.25 and a 200 day simple moving average of $9.21. The company has a current ratio of 2.92, a quick ratio of 2.92 and a debt-to-equity ratio of 0.19.

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.