Helix Energy Solutions Group, Inc. (NYSE:HLX) Stock Holdings Lifted by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC raised its position in Helix Energy Solutions Group, Inc. (NYSE:HLX) by 54.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,163 shares of the oil and gas company’s stock after purchasing an additional 15,135 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Helix Energy Solutions Group were worth $359,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of HLX. Charles Schwab Investment Management Inc. grew its stake in Helix Energy Solutions Group by 3.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,189,359 shares of the oil and gas company’s stock valued at $20,405,000 after purchasing an additional 79,197 shares in the last quarter. Victory Capital Management Inc. boosted its stake in shares of Helix Energy Solutions Group by 69.5% during the 4th quarter. Victory Capital Management Inc. now owns 137,168 shares of the oil and gas company’s stock worth $1,278,000 after acquiring an additional 56,234 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in shares of Helix Energy Solutions Group during the 4th quarter worth about $290,000. Raymond James Financial Inc. bought a new stake in shares of Helix Energy Solutions Group during the 4th quarter worth about $6,070,000. Finally, PNC Financial Services Group Inc. boosted its stake in shares of Helix Energy Solutions Group by 6.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 33,553 shares of the oil and gas company’s stock worth $313,000 after acquiring an additional 1,950 shares in the last quarter. Hedge funds and other institutional investors own 91.33% of the company’s stock.

Helix Energy Solutions Group Stock Performance

HLX opened at $6.69 on Friday. The company has a market cap of $1.01 billion, a PE ratio of 12.16 and a beta of 1.57. The stock has a 50-day moving average of $6.59 and a 200-day moving average of $7.53. Helix Energy Solutions Group, Inc. has a 52-week low of $5.66 and a 52-week high of $13.05. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.28 and a current ratio of 2.28.

Helix Energy Solutions Group (NYSE:HLX) last posted its quarterly earnings data on Wednesday, April 23rd. The oil and gas company reported $0.02 earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.07. Helix Energy Solutions Group had a return on equity of 5.54% and a net margin of 6.34%. The business had revenue of $278.06 million during the quarter, compared to analysts’ expectations of $285.06 million. As a group, equities research analysts forecast that Helix Energy Solutions Group, Inc. will post 0.26 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Raymond James Financial downgraded Helix Energy Solutions Group from a “strong-buy” rating to an “outperform” rating and decreased their price target for the stock from $14.00 to $10.00 in a research note on Friday, April 25th.

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.