Helix Energy Solutions Group, Inc. $HLX Shares Sold by Rhumbline Advisers

Rhumbline Advisers lessened its holdings in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX) by 2.3% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 426,891 shares of the oil and gas company’s stock after selling 10,190 shares during the quarter. Rhumbline Advisers owned 0.28% of Helix Energy Solutions Group worth $3,547,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Sunbelt Securities Inc. bought a new stake in shares of Helix Energy Solutions Group in the 4th quarter worth approximately $34,000. AlphaQuest LLC grew its holdings in shares of Helix Energy Solutions Group by 594,600.0% in the 1st quarter. AlphaQuest LLC now owns 5,947 shares of the oil and gas company’s stock worth $49,000 after acquiring an additional 5,946 shares during the last quarter. Smartleaf Asset Management LLC boosted its position in shares of Helix Energy Solutions Group by 43.1% in the first quarter. Smartleaf Asset Management LLC now owns 7,053 shares of the oil and gas company’s stock worth $59,000 after buying an additional 2,123 shares during the period. CWM LLC boosted its position in Helix Energy Solutions Group by 78.0% during the first quarter. CWM LLC now owns 10,699 shares of the oil and gas company’s stock valued at $89,000 after purchasing an additional 4,688 shares during the last quarter. Finally, Strs Ohio acquired a new stake in Helix Energy Solutions Group during the first quarter valued at $89,000. Institutional investors and hedge funds own 91.33% of the company’s stock.

Helix Energy Solutions Group Price Performance

Shares of NYSE HLX opened at $6.25 on Tuesday. The business has a 50-day moving average of $6.23 and a 200-day moving average of $6.71. The stock has a market capitalization of $918.69 million, a price-to-earnings ratio of 19.53 and a beta of 1.65. 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 fifty-two week low of $5.52 and a fifty-two week high of $12.33.

Helix Energy Solutions Group (NYSE:HLX) last released its quarterly earnings data on Wednesday, July 23rd. The oil and gas company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $326.62 million. Helix Energy Solutions Group has set its FY 2025 guidance at EPS. As a group, sell-side analysts predict that Helix Energy Solutions Group, Inc. will post 0.26 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Wall Street Zen cut Helix Energy Solutions Group from a “hold” rating to a “sell” rating in a research report on Saturday, July 26th. Raymond James Financial restated an “outperform” rating and set a $9.00 price target (down from $10.00) on shares of Helix Energy Solutions Group in a research note on Friday, July 25th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Helix Energy Solutions Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $12.00.

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.