Pacer Advisors Inc. Purchases New Shares in Helix Energy Solutions Group, Inc. $HLX

Pacer Advisors Inc. acquired a new stake in Helix Energy Solutions Group, Inc. (NYSE:HLX) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 535,710 shares of the oil and gas company’s stock, valued at approximately $5,298,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of HLX. Royal Bank of Canada boosted its position in shares of Helix Energy Solutions Group by 14.0% in the first quarter. Royal Bank of Canada now owns 7,972 shares of the oil and gas company’s stock valued at $79,000 after acquiring an additional 979 shares during the period. Kennedy Capital Management LLC increased its position in Helix Energy Solutions Group by 0.3% during the fourth quarter. Kennedy Capital Management LLC now owns 559,666 shares of the oil and gas company’s stock worth $3,509,000 after acquiring an additional 1,428 shares during the period. Pictet Asset Management Holding SA raised its stake in Helix Energy Solutions Group by 8.4% in the 1st quarter. Pictet Asset Management Holding SA now owns 24,021 shares of the oil and gas company’s stock worth $238,000 after purchasing an additional 1,864 shares in the last quarter. Comerica Bank boosted its holdings in Helix Energy Solutions Group by 2.6% in the 4th quarter. Comerica Bank now owns 80,619 shares of the oil and gas company’s stock valued at $505,000 after purchasing an additional 2,014 shares during the period. Finally, Corient Private Wealth LLC boosted its holdings in Helix Energy Solutions Group by 10.0% in the 2nd quarter. Corient Private Wealth LLC now owns 24,104 shares of the oil and gas company’s stock valued at $150,000 after purchasing an additional 2,183 shares during the period. Institutional investors and hedge funds own 91.33% of the company’s stock.

Helix Energy Solutions Group Trading Down 2.9%

HLX opened at $9.32 on Thursday. The stock has a market capitalization of $1.37 billion, a price-to-earnings ratio of 93.25 and a beta of 1.14. The company has a quick ratio of 2.92, a current ratio of 2.92 and a debt-to-equity ratio of 0.19. Helix Energy Solutions Group, Inc. has a twelve month low of $5.58 and a twelve month high of $10.75. The company has a 50-day simple moving average of $9.24 and a 200 day simple moving average of $9.23.

Analysts Set New Price Targets

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

Helix Energy Solutions Group Company 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.