Vanguard Personalized Indexing Management LLC Lowers Stake in Helix Energy Solutions Group, Inc. $HLX

Vanguard Personalized Indexing Management LLC cut its stake in Helix Energy Solutions Group, Inc. (NYSE:HLX) by 15.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,864 shares of the oil and gas company’s stock after selling 2,127 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Helix Energy Solutions Group were worth $74,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. AlphaQuest LLC boosted its position in Helix Energy Solutions Group by 594,600.0% during the first quarter. AlphaQuest LLC now owns 5,947 shares of the oil and gas company’s stock valued at $49,000 after purchasing an additional 5,946 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in shares of 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 valued at $59,000 after buying an additional 2,123 shares during the last quarter. CWM LLC boosted its holdings 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 valued at $89,000 after buying an additional 4,688 shares in the last quarter. Strs Ohio purchased a new position in shares of Helix Energy Solutions Group in the 1st quarter worth approximately $89,000. Finally, Cresset Asset Management LLC purchased a new position in shares of Helix Energy Solutions Group in the 1st quarter worth approximately $91,000. 91.33% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Raymond James Financial restated 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. TD Cowen increased their price objective on Helix Energy Solutions Group from $11.00 to $12.00 and gave the company a “buy” rating in a report on Friday. Cowen restated a “buy” rating on shares of Helix Energy Solutions Group in a research note on Friday. Zacks Research lowered Helix Energy Solutions Group from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 22nd. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Helix Energy Solutions Group in a research note on Tuesday, October 14th. Three analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $10.50.

Helix Energy Solutions Group Price Performance

Shares of HLX opened at $7.00 on Monday. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.54 and a quick ratio of 2.54. The company’s fifty day moving average price is $6.43 and its 200-day moving average price is $6.43. Helix Energy Solutions Group, Inc. has a 1-year low of $5.52 and a 1-year high of $11.48. The firm has a market capitalization of $1.03 billion, a PE ratio of 24.98 and a beta of 1.53.

Helix Energy Solutions Group (NYSE:HLX) last announced its quarterly earnings data on Wednesday, October 22nd. The oil and gas company reported $0.15 earnings per share (EPS) for the quarter, hitting the consensus estimate 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 during the quarter, compared to analysts’ expectations of $361.93 million. Helix Energy Solutions Group’s revenue was up 10.1% on a year-over-year basis. On average, equities research analysts predict that Helix Energy Solutions Group, Inc. will post 0.26 EPS for the current year.

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.