Helix Energy Solutions Group, Inc. $HLX Shares Bought by Principal Financial Group Inc.

Principal Financial Group Inc. raised its position in Helix Energy Solutions Group, Inc. (NYSE:HLX) by 109.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,804,147 shares of the oil and gas company’s stock after buying an additional 2,514,402 shares during the quarter. Principal Financial Group Inc. owned approximately 3.27% of Helix Energy Solutions Group worth $31,515,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Bessemer Group Inc. boosted its stake in Helix Energy Solutions Group by 243.4% during the 2nd quarter. Bessemer Group Inc. now owns 5,045 shares of the oil and gas company’s stock worth $31,000 after purchasing an additional 3,576 shares during the period. AlphaQuest LLC grew its holdings in shares of Helix Energy Solutions Group by 49.3% during the second quarter. AlphaQuest LLC now owns 8,877 shares of the oil and gas company’s stock worth $55,000 after buying an additional 2,930 shares during the last quarter. Ballentine Partners LLC acquired a new position in Helix Energy Solutions Group in the 3rd quarter valued at about $70,000. Federated Hermes Inc. purchased a new stake in Helix Energy Solutions Group during the 3rd quarter valued at approximately $74,000. Finally, XTX Topco Ltd acquired a new stake in Helix Energy Solutions Group during the 2nd quarter worth approximately $80,000. 91.33% of the stock is currently owned by hedge funds and other institutional investors.

Helix Energy Solutions Group Price Performance

Helix Energy Solutions Group stock opened at $8.56 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.54 and a quick ratio of 2.54. The stock has a market capitalization of $1.26 billion, a P/E ratio of 30.57 and a beta of 1.25. The firm’s 50-day moving average is $7.10 and its two-hundred day moving average is $6.65. Helix Energy Solutions Group, Inc. has a 12-month low of $5.52 and a 12-month high of $8.90.

Analysts Set New Price Targets

A number of equities research analysts recently commented on HLX shares. Wall Street Zen upgraded shares of Helix Energy Solutions Group from a “sell” rating to a “hold” rating in a research report on Saturday, October 25th. TD Cowen reaffirmed a “buy” rating on shares of Helix Energy Solutions Group in a research note on Friday, October 24th. Zacks Research upgraded shares of Helix Energy Solutions Group from a “strong sell” rating to a “hold” rating in a research note on Thursday, November 20th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Helix Energy Solutions Group in a report on Monday, December 29th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Helix Energy Solutions Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $10.50.

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.