Rhumbline Advisers Cuts Holdings in Helix Energy Solutions Group, Inc. (NYSE:HLX)

Rhumbline Advisers cut its stake in Helix Energy Solutions Group, Inc. (NYSE:HLX) by 2.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 426,891 shares of the oil and gas company’s stock after selling 10,190 shares during the quarter. Rhumbline Advisers owned about 0.28% of Helix Energy Solutions Group worth $3,547,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in Helix Energy Solutions Group by 2.5% in the fourth quarter. Vanguard Group Inc. now owns 14,049,438 shares of the oil and gas company’s stock valued at $130,941,000 after purchasing an additional 343,673 shares during the period. American Century Companies Inc. raised its position in Helix Energy Solutions Group by 10.2% in the fourth quarter. American Century Companies Inc. now owns 4,727,037 shares of the oil and gas company’s stock valued at $44,056,000 after purchasing an additional 437,814 shares during the period. Encompass Capital Advisors LLC raised its position in Helix Energy Solutions Group by 66.2% in the fourth quarter. Encompass Capital Advisors LLC now owns 4,103,295 shares of the oil and gas company’s stock valued at $38,243,000 after purchasing an additional 1,634,764 shares during the period. Wellington Management Group LLP raised its position in Helix Energy Solutions Group by 13.7% in the fourth quarter. Wellington Management Group LLP now owns 3,282,202 shares of the oil and gas company’s stock valued at $30,590,000 after purchasing an additional 396,666 shares during the period. Finally, Systematic Financial Management LP raised its position in Helix Energy Solutions Group by 17.1% in the fourth quarter. Systematic Financial Management LP now owns 2,905,836 shares of the oil and gas company’s stock valued at $27,082,000 after purchasing an additional 425,071 shares during the period. 91.33% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Raymond James lowered Helix Energy Solutions Group from a “strong-buy” rating to an “outperform” rating and cut their price objective for the company from $14.00 to $10.00 in a research report on Friday, April 25th.

Helix Energy Solutions Group Stock Up 0.8%

Shares of NYSE HLX opened at $7.13 on Friday. Helix Energy Solutions Group, Inc. has a 1 year low of $5.66 and a 1 year high of $13.05. The firm has a market cap of $1.08 billion, a price-to-earnings ratio of 178.29 and a beta of 1.60. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.29 and a current ratio of 2.29. The stock’s 50-day simple moving average is $6.52 and its 200-day simple moving average is $7.94.

Helix Energy Solutions Group (NYSE:HLX) last announced its earnings results on Wednesday, April 23rd. The oil and gas company reported $0.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.07. Helix Energy Solutions Group had a return on equity of 4.39% and a net margin of 0.54%. The business had revenue of $278.06 million for the quarter, compared to analyst estimates of $285.06 million. As a group, equities analysts anticipate that Helix Energy Solutions Group, Inc. will post 0.26 earnings per share for the current fiscal year.

About Helix Energy Solutions Group

Helix Energy Solutions Group, Inc, together with its subsidiaries, an offshore energy services company, provides specialty services to the offshore energy industry in Brazil, the Gulf of Mexico, the East Coast of the United States, North Sea, the Asia Pacific, and West Africa regions. The company operates through four segments: Well Intervention, Robotics, Production Facilities, and Shallow Water Abandonment segments.