SG Americas Securities LLC Sells 28,696 Shares of Helix Energy Solutions Group, Inc. (NYSE:HLX)

SG Americas Securities LLC reduced its stake in shares of Helix Energy Solutions Group, Inc. (NYSE:HLXGet Rating) by 17.0% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 139,918 shares of the oil and gas company’s stock after selling 28,696 shares during the period. SG Americas Securities LLC’s holdings in Helix Energy Solutions Group were worth $669,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Invesco Ltd. increased its stake in shares of Helix Energy Solutions Group by 2.5% in the fourth quarter. Invesco Ltd. now owns 5,256,307 shares of the oil and gas company’s stock valued at $16,400,000 after buying an additional 126,415 shares during the period. Panagora Asset Management Inc. boosted its holdings in Helix Energy Solutions Group by 34.5% in the fourth quarter. Panagora Asset Management Inc. now owns 1,253,251 shares of the oil and gas company’s stock valued at $3,910,000 after acquiring an additional 321,627 shares during the last quarter. Assenagon Asset Management S.A. acquired a new stake in Helix Energy Solutions Group during the 4th quarter valued at approximately $2,132,000. Guinness Asset Management LTD raised its holdings in Helix Energy Solutions Group by 37.0% during the 1st quarter. Guinness Asset Management LTD now owns 667,448 shares of the oil and gas company’s stock worth $3,212,000 after purchasing an additional 180,253 shares during the last quarter. Finally, Pacific Global Investment Management Co. lifted its position in shares of Helix Energy Solutions Group by 0.7% in the 4th quarter. Pacific Global Investment Management Co. now owns 505,048 shares of the oil and gas company’s stock worth $1,576,000 after purchasing an additional 3,678 shares during the period. 86.81% of the stock is owned by institutional investors and hedge funds.

Helix Energy Solutions Group Stock Performance

Shares of Helix Energy Solutions Group stock opened at $4.06 on Wednesday. The business has a 50-day simple moving average of $3.57 and a 200 day simple moving average of $4.08. Helix Energy Solutions Group, Inc. has a one year low of $2.47 and a one year high of $5.78. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.09 and a quick ratio of 2.09. The firm has a market capitalization of $616.02 million, a price-to-earnings ratio of -5.21 and a beta of 2.93.

Helix Energy Solutions Group (NYSE:HLXGet Rating) last released its quarterly earnings data on Monday, July 25th. The oil and gas company reported ($0.14) EPS for the quarter, beating the consensus estimate of ($0.16) by $0.02. Helix Energy Solutions Group had a negative return on equity of 7.24% and a negative net margin of 17.62%. During the same quarter in the prior year, the business earned ($0.09) earnings per share. On average, research analysts anticipate that Helix Energy Solutions Group, Inc. will post -0.43 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

HLX has been the subject of several recent analyst reports. Piper Sandler increased their price objective on shares of Helix Energy Solutions Group from $6.30 to $7.25 and gave the stock an “overweight” rating in a research report on Monday, April 18th. Cowen lifted their price objective on Helix Energy Solutions Group from $6.50 to $7.50 in a research report on Wednesday, July 27th. Evercore ISI raised Helix Energy Solutions Group from an “in-line” rating to an “outperform” rating and raised their target price for the stock from $6.00 to $8.00 in a research note on Wednesday, July 27th. Capital One Financial boosted their price target on Helix Energy Solutions Group to $6.00 and gave the company an “outperform” rating in a research note on Wednesday, July 27th. Finally, Cowen raised their price objective on shares of Helix Energy Solutions Group from $6.50 to $7.50 and gave the stock an “outperform” rating in a research report on Wednesday, July 27th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $7.25.

Helix Energy Solutions Group Company Profile

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Helix Energy Solutions Group, Inc, an offshore energy services company, provides specialty services to the offshore energy industry primarily in Brazil, the Gulf of Mexico, North Sea, the Asia Pacific, and West Africa regions. The company operates through three segments: Well Intervention, Robotics, and Production Facilities.

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Institutional Ownership by Quarter for Helix Energy Solutions Group (NYSE:HLX)

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