Fifth Third Bancorp Has $737,000 Stock Holdings in Helix Energy Solutions Group, Inc. $HLX

Fifth Third Bancorp raised its holdings in Helix Energy Solutions Group, Inc. (NYSE:HLX) by 11,829.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 74,562 shares of the oil and gas company’s stock after buying an additional 73,937 shares during the period. Fifth Third Bancorp owned about 0.05% of Helix Energy Solutions Group worth $737,000 as of its most recent filing with the Securities and Exchange Commission.

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

Wall Street Analyst Weigh In

Several brokerages recently issued reports on HLX. TD Cowen upped their price target 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 restated a “sell (d+)” rating on shares of Helix Energy Solutions Group in a research note on Friday. 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 stock. According to data from MarketBeat, Helix Energy Solutions Group presently has an average rating of “Hold” and a consensus target price of $14.00.

Helix Energy Solutions Group Price Performance

HLX opened at $9.65 on Tuesday. 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 50-day moving average of $9.35 and a 200 day moving average of $9.12. The firm has a market cap of $1.42 billion, a P/E ratio of 96.51 and a beta of 1.12. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.92 and a current ratio of 2.92.

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.