Newtyn Management adds Helix Energy Solutions Group Inc (HLX) to its portfolio

Helix Energy Solutions Group Inc (HLX) : Newtyn Management added new position in Helix Energy Solutions Group Inc during the most recent quarter end. The investment management firm now holds 14,000,000 shares of Helix Energy Solutions Group Inc which is valued at $109,480,000 , the company said in a statement filed on Aug 15, 2016 with the SEC.Helix Energy Solutions Group Inc makes up approximately 11.83% of Newtyn Management’s portfolio.

Other Hedge Funds, Including , Millennium Management reduced its stake in HLX by selling 1,694,755 shares or 25.13% in the most recent quarter. The Hedge Fund company now holds 5,049,800 shares of HLX which is valued at $39,489,436. Helix Energy Solutions Group Inc makes up approx 0.10% of Millennium Management’s portfolio.Hsbc Holdings Plc reduced its stake in HLX by selling 13,854 shares or 44.77% in the most recent quarter. The Hedge Fund company now holds 17,089 shares of HLX which is valued at $133,636.Rhumbline Advisers reduced its stake in HLX by selling 34,089 shares or 16.22% in the most recent quarter. The Hedge Fund company now holds 176,129 shares of HLX which is valued at $1,377,329.

Helix Energy Solutions Group Inc (HLX) witnessed a volatile trading activity on Thursday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $7.49 and reached the intraday high at $7.515. The bulls started the profit booking and pushed the shares to intraday low of $7.075. The trading session was marked by a volume range of 17,83,980 shares exchanging hands. The 52-week high of the shares is $9.07 and the 52-week low is $2.6. The market cap of the company stands at $845 M and there are 11,26,39,372 shares in public circulation.

On the company’s financial health, Helix Energy Solutions Group Inc reported $-0.10 EPS for the quarter, based on the information available during the earnings call on Jul 19, 2016. Analyst had a consensus estimate of $-0.10. The company had revenue of $107.20 million for the quarter, compared to analysts expectations of $130.17 million. The company’s revenue was down -35.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.03 EPS.

Helix Energy Solutions Group Inc. is an international offshore energy services company. The Company operates in four business segments: Well Intervention Robotics Production Facilities and Subsea Construction. Well Intervention segment includes its vessels and equipment used to perform well intervention services primarily in the Gulf of Mexico and North Sea regions. Its well intervention vessels include the Q4000 the Helix 534 the Seawell the Well Enhancer and the Skandi Constructor which is a chartered vessel. The Robotics segment operates four chartered vessels and also includes ROVs trenchers and ROVDrills designed to offshore subsea construction and well intervention services. The Company’s Production Facilities segment which include the Helix Producer I (HP I) which is a floating production vessel. Its subsea construction operations included the use of umbilical lay and pipelay vessels and ROVs to develop fields in the deepwater.

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