Cetera Investment Advisers Makes New Investment in Helix Energy Solutions Group, Inc. $HLX

Cetera Investment Advisers acquired a new position in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 51,119 shares of the oil and gas company’s stock, valued at approximately $425,000.

Several other institutional investors also recently modified their holdings of the business. Royce & Associates LP purchased a new position in Helix Energy Solutions Group in the first quarter valued at approximately $527,000. Readystate Asset Management LP purchased a new stake in shares of Helix Energy Solutions Group during the first quarter worth $494,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Helix Energy Solutions Group in the first quarter worth $1,202,000. Choreo LLC raised its position in shares of Helix Energy Solutions Group by 9.5% in the first quarter. Choreo LLC now owns 24,396 shares of the oil and gas company’s stock worth $203,000 after buying an additional 2,112 shares in the last quarter. Finally, Victory Capital Management Inc. raised its position in shares of Helix Energy Solutions Group by 42.2% in the first quarter. Victory Capital Management Inc. now owns 195,115 shares of the oil and gas company’s stock worth $1,621,000 after buying an additional 57,947 shares in the last quarter. 91.33% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Wall Street Zen cut Helix Energy Solutions Group from a “hold” rating to a “sell” rating in a research note on Saturday, July 26th. Raymond James Financial reissued an “outperform” rating and issued a $9.00 target price (down from $10.00) on shares of Helix Energy Solutions Group in a research note on Friday, July 25th.

Helix Energy Solutions Group Stock Performance

Shares of HLX opened at $5.72 on Monday. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.19 and a quick ratio of 2.19. Helix Energy Solutions Group, Inc. has a one year low of $5.52 and a one year high of $12.33. The company has a 50-day simple moving average of $6.42 and a two-hundred day simple moving average of $7.00. The firm has a market capitalization of $840.76 million, a PE ratio of 17.88 and a beta of 1.53.

Helix Energy Solutions Group (NYSE:HLX) last released its earnings results on Wednesday, July 23rd. The oil and gas company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.03). Helix Energy Solutions Group had a net margin of 3.92% and a return on equity of 3.23%. The business had revenue of $302.29 million for the quarter, compared to analysts’ expectations of $326.62 million. On average, analysts anticipate that Helix Energy Solutions Group, Inc. will post 0.26 EPS for the current fiscal year.

Helix Energy Solutions Group Profile

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.