Allspring Global Investments Holdings LLC Has $255,000 Stock Holdings in Helix Energy Solutions Group, Inc. $HLX

Allspring Global Investments Holdings LLC lessened its position in Helix Energy Solutions Group, Inc. (NYSE:HLX) by 5.5% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 40,803 shares of the oil and gas company’s stock after selling 2,360 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Helix Energy Solutions Group were worth $255,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. AlphaQuest LLC raised its position in 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 valued at $49,000 after buying an additional 5,946 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in Helix Energy Solutions Group by 43.1% during the first quarter. Smartleaf Asset Management LLC now owns 7,053 shares of the oil and gas company’s stock worth $59,000 after acquiring an additional 2,123 shares in the last quarter. CWM LLC raised its holdings 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 worth $89,000 after acquiring an additional 4,688 shares in the last quarter. Strs Ohio bought a new stake in Helix Energy Solutions Group during the first quarter worth about $89,000. Finally, Cresset Asset Management LLC bought a new stake in Helix Energy Solutions Group during the first quarter worth about $91,000. Institutional investors and hedge funds own 91.33% of the company’s stock.

Helix Energy Solutions Group Price Performance

Helix Energy Solutions Group stock opened at $7.00 on Friday. The stock’s fifty day moving average price is $6.43 and its two-hundred day moving average price is $6.44. Helix Energy Solutions Group, Inc. has a one year low of $5.52 and a one year high of $11.48. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.54 and a quick ratio of 2.19. The firm has a market cap of $1.03 billion, a PE ratio of 24.98 and a beta of 1.53.

Helix Energy Solutions Group (NYSE:HLX) last posted its quarterly earnings data on Wednesday, October 22nd. The oil and gas company reported $0.15 EPS for the quarter, hitting analysts’ consensus estimates of $0.15. Helix Energy Solutions Group had a return on equity of 2.75% and a net margin of 3.25%.The firm had revenue of $376.96 million for the quarter, compared to analyst estimates of $361.93 million. The business’s revenue for the quarter was up 10.1% on a year-over-year basis. As a group, research analysts expect that Helix Energy Solutions Group, Inc. will post 0.26 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. TD Cowen upped their target price on Helix Energy Solutions Group from $11.00 to $12.00 and gave the stock a “buy” rating in a report on Friday. Raymond James Financial reiterated an “outperform” rating and set a $9.00 target price (down previously from $10.00) on shares of Helix Energy Solutions Group in a report on Friday, July 25th. Wall Street Zen upgraded Helix Energy Solutions Group from a “sell” rating to a “hold” rating in a research note on Saturday. Zacks Research lowered Helix Energy Solutions Group from a “hold” rating to a “strong sell” rating in a research note on Wednesday. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Helix Energy Solutions Group in a research note on Tuesday, October 14th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $10.50.

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.