North Star Investment Management Corp. Sells 21,000 Shares of Helix Energy Solutions Group, Inc. $HLX

North Star Investment Management Corp. reduced its stake in Helix Energy Solutions Group, Inc. (NYSE:HLX) by 32.3% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 44,000 shares of the oil and gas company’s stock after selling 21,000 shares during the quarter. North Star Investment Management Corp.’s holdings in Helix Energy Solutions Group were worth $275,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in 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 boosted its position 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 purchasing an additional 5,946 shares in the last quarter. Smartleaf Asset Management LLC boosted its position in shares of Helix Energy Solutions Group by 43.1% in the 1st quarter. Smartleaf Asset Management LLC now owns 7,053 shares of the oil and gas company’s stock worth $59,000 after purchasing an additional 2,123 shares in the last quarter. CWM LLC boosted its position in shares of Helix Energy Solutions Group by 78.0% in the 1st quarter. CWM LLC now owns 10,699 shares of the oil and gas company’s stock worth $89,000 after purchasing an additional 4,688 shares in the last quarter. Finally, Strs Ohio bought a new stake in shares of Helix Energy Solutions Group in the 1st quarter worth approximately $89,000. 91.33% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently commented 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. Zacks Research raised Helix Energy Solutions Group from a “strong sell” rating to a “hold” rating in a research report on Monday. Finally, Raymond James Financial reaffirmed an “outperform” rating and issued a $9.00 price objective (down from $10.00) on shares of Helix Energy Solutions Group in a research report on Friday, July 25th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $12.00.

Helix Energy Solutions Group Stock Performance

HLX stock opened at $6.73 on Friday. The stock has a market capitalization of $989.83 million, a PE ratio of 21.04 and a beta of 1.65. Helix Energy Solutions Group, Inc. has a 12-month low of $5.52 and a 12-month high of $12.33. The company has a current ratio of 2.19, a quick ratio of 2.19 and a debt-to-equity ratio of 0.19. The stock’s 50 day simple moving average is $6.23 and its 200 day simple moving average is $6.65.

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 the consensus estimate of $0.01 by ($0.03). The business had revenue of $302.29 million during the quarter, compared to the consensus estimate of $326.62 million. Helix Energy Solutions Group had a net margin of 3.92% and a return on equity of 3.23%. Helix Energy Solutions Group has set its FY 2025 guidance at EPS. As a group, research analysts forecast 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.