Hedge Funds Are Betting On Helix Energy Solutions Group Inc. (HLX)

Consequently, some big names were breaking ground themselves. Vollero Beach Capital Partners, led by Robert Vollero and Gentry T. Beach, established the most outsized position in Helix Energy Solutions Group Inc. (NYSE:HLX). Vollero Beach Capital Partners had $2 million invested in the company at the end of the quarter. Cliff Asness’ AQR Capital Management also made a $0.6 million investment in the stock during the quarter. The following funds were also among the new HLX investors: Ken Griffin’s Citadel Investment Group, Glenn Russell Dubin’s Highbridge Capital Management, and Gregory Fraser, Rudolph Kluiber, and Timothy Krochuk’s GRT Capital Partners.

Let’s now take a look at hedge fund activity in other stocks similar to Helix Energy Solutions Group Inc. (NYSE:HLX). We will take a look at At Home Group Inc (NYSE:HOME), Cato Corp (NYSE:CATO), Rofin-Sinar Technologies (NASDAQ:RSTI), and Infinity Property and Casualty Corp. (NASDAQ:IPCC). This group of stocks’ market values are similar to HLX’s market value.

As you can see these stocks had an average of 8 hedge funds with bullish positions and the average amount invested in these stocks was $47 million. That figure was $148 million in HLX’s case. Cato Corp (NYSE:CATO) is the most popular stock in this table. On the other hand Infinity Property and Casualty Corp. (NASDAQ:IPCC) is the least popular one with only 4 bullish hedge fund positions. Compared to these stocks Helix Energy Solutions Group Inc. (NYSE:HLX) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.

Disclosure: None