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Great West Life Assurance Co. Can Invests $674,000 in Helix Energy Solutions Group, Inc. (NYSE:HLX)

Defense World ·  Feb 3, 2023 04:41

Great West Life Assurance Co. Can bought a new position in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX – Get Rating) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 174,790 shares of the oil and gas company's stock, valued at approximately $674,000. Great West Life Assurance Co. Can owned about 0.12% of Helix Energy Solutions Group as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in HLX. Captrust Financial Advisors lifted its stake in shares of Helix Energy Solutions Group by 91.4% during the first quarter. Captrust Financial Advisors now owns 6,907 shares of the oil and gas company's stock valued at $33,000 after acquiring an additional 3,298 shares during the period. KBC Group NV acquired a new position in shares of Helix Energy Solutions Group during the second quarter valued at $37,000. CWM LLC lifted its stake in shares of Helix Energy Solutions Group by 292.6% during the third quarter. CWM LLC now owns 10,000 shares of the oil and gas company's stock valued at $39,000 after acquiring an additional 7,453 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Helix Energy Solutions Group by 101.6% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 23,167 shares of the oil and gas company's stock valued at $72,000 after acquiring an additional 11,673 shares during the period. Finally, Sawtooth Solutions LLC acquired a new position in shares of Helix Energy Solutions Group during the first quarter valued at $72,000. Institutional investors and hedge funds own 87.78% of the company's stock.

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Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on HLX shares. StockNews.com lowered Helix Energy Solutions Group from a "hold" rating to a "sell" rating in a research note on Thursday, November 3rd. TheStreet raised Helix Energy Solutions Group from a "d+" rating to a "c-" rating in a research note on Friday, October 28th. Finally, BTIG Research raised Helix Energy Solutions Group from a "neutral" rating to a "buy" rating and set a $10.00 target price on the stock in a research note on Wednesday, October 26th. One equities research analyst has rated the stock with a sell rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $7.71.

Helix Energy Solutions Group Stock Down 1.8 %

Shares of Helix Energy Solutions Group stock opened at $7.63 on Friday. Helix Energy Solutions Group, Inc. has a 1 year low of $2.47 and a 1 year high of $8.14. The business has a 50-day moving average of $7.04 and a two-hundred day moving average of $5.52. The company has a market capitalization of $1.16 billion, a P/E ratio of -9.91 and a beta of 2.84. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.44 and a quick ratio of 1.44.

About Helix Energy Solutions Group

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Helix Energy Solutions Group, Inc is an international offshore energy company. It focuses on subsea construction, maintenance and salvage services to the offshore natural gas and oil industry. The firm also provides specialty services to the offshore energy industry, with a focus on well intervention and robotics operations.

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