Voya Investment Management LLC Sells 2,087,575 Shares of Helix Energy Solutions Group, Inc. $HLX

Voya Investment Management LLC lessened its holdings in Helix Energy Solutions Group, Inc. (NYSE:HLX) by 84.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 377,493 shares of the oil and gas company’s stock after selling 2,087,575 shares during the period. Voya Investment Management LLC owned 0.25% of Helix Energy Solutions Group worth $3,137,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the business. Strs Ohio bought a new stake in Helix Energy Solutions Group in the 1st quarter valued at $89,000. Jane Street Group LLC raised its stake in Helix Energy Solutions Group by 1,836.3% in the 1st quarter. Jane Street Group LLC now owns 378,195 shares of the oil and gas company’s stock valued at $3,143,000 after acquiring an additional 358,663 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Helix Energy Solutions Group by 9.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 373,201 shares of the oil and gas company’s stock valued at $3,101,000 after acquiring an additional 32,643 shares during the period. Empowered Funds LLC raised its stake in Helix Energy Solutions Group by 19.1% in the 1st quarter. Empowered Funds LLC now owns 641,198 shares of the oil and gas company’s stock valued at $5,328,000 after acquiring an additional 102,713 shares during the period. Finally, Caxton Associates LLP bought a new stake in Helix Energy Solutions Group in the 1st quarter valued at $184,000. Institutional investors own 91.33% of the company’s stock.

Helix Energy Solutions Group Price Performance

Shares of HLX opened at $6.23 on Friday. Helix Energy Solutions Group, Inc. has a 1 year low of $5.52 and a 1 year high of $12.33. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.19 and a quick ratio of 2.19. The company has a market capitalization of $915.72 million, a price-to-earnings ratio of 19.47 and a beta of 1.65. The business has a 50-day moving average of $6.21 and a 200-day moving average of $6.68.

Helix Energy Solutions Group (NYSE:HLX) last issued 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 return on equity of 3.23% and a net margin of 3.92%.The company had revenue of $302.29 million for the quarter, compared to the consensus estimate of $326.62 million. Helix Energy Solutions Group has set its FY 2025 guidance at EPS. As a group, equities research analysts anticipate that Helix Energy Solutions Group, Inc. will post 0.26 earnings per share for the current year.

Analysts Set New Price Targets

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

Helix Energy Solutions Group Company 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.