Fisher Asset Management LLC Has $14.79 Million Position in Helix Energy Solutions Group, Inc. $HLX

Fisher Asset Management LLC lowered its position in Helix Energy Solutions Group, Inc. (NYSE:HLX) by 6.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,254,930 shares of the oil and gas company’s stock after selling 167,975 shares during the quarter. Fisher Asset Management LLC owned 1.53% of Helix Energy Solutions Group worth $14,792,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Police & Firemen s Retirement System of New Jersey boosted its stake in Helix Energy Solutions Group by 6.5% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 31,179 shares of the oil and gas company’s stock valued at $195,000 after buying an additional 1,912 shares in the last quarter. Corient Private Wealth LLC grew its holdings in Helix Energy Solutions Group by 10.0% during the 2nd quarter. Corient Private Wealth LLC now owns 24,104 shares of the oil and gas company’s stock worth $150,000 after acquiring an additional 2,183 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of Helix Energy Solutions Group by 6.9% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 36,570 shares of the oil and gas company’s stock valued at $228,000 after purchasing an additional 2,354 shares during the last quarter. Intech Investment Management LLC increased its stake in shares of Helix Energy Solutions Group by 1.7% in the 3rd quarter. Intech Investment Management LLC now owns 162,722 shares of the oil and gas company’s stock valued at $1,067,000 after buying an additional 2,644 shares during the period. Finally, AlphaQuest LLC increased its position in Helix Energy Solutions Group by 49.3% in the second quarter. AlphaQuest LLC now owns 8,877 shares of the oil and gas company’s stock worth $55,000 after purchasing an additional 2,930 shares during the period. 91.33% of the stock is owned by institutional investors.

Helix Energy Solutions Group Price Performance

NYSE:HLX opened at $9.17 on Thursday. The stock’s 50 day moving average price is $7.86 and its two-hundred day moving average price is $7.02. Helix Energy Solutions Group, Inc. has a 12-month low of $5.52 and a 12-month high of $10.75. The firm has a market capitalization of $1.35 billion, a price-to-earnings ratio of 43.64 and a beta of 1.21. The company has a quick ratio of 2.75, a current ratio of 2.75 and a debt-to-equity ratio of 0.19.

Helix Energy Solutions Group (NYSE:HLX) last released its quarterly earnings data on Monday, February 23rd. The oil and gas company reported $0.06 EPS for the quarter, beating the consensus estimate of ($0.02) by $0.08. Helix Energy Solutions Group had a net margin of 2.39% and a return on equity of 2.88%. The firm had revenue of $334.16 million for the quarter, compared to the consensus estimate of $304.67 million. The firm’s quarterly revenue was down 5.9% on a year-over-year basis. On average, analysts anticipate that Helix Energy Solutions Group, Inc. will post 0.26 earnings per share for the current year.

Wall Street Analysts Forecast Growth

HLX has been the subject of several recent research reports. Zacks Research upgraded shares of Helix Energy Solutions Group from a “strong sell” rating to a “hold” rating in a research report on Thursday, November 20th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Helix Energy Solutions Group in a research note on Monday, December 29th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $10.50.

Helix Energy Solutions Group Company Profile

Helix Energy Solutions Group, Inc (NYSE: HLX) is a Houston-based provider of offshore well intervention and robotics services to the global energy industry. The company specializes in extending the productive life of subsea wells through hydraulic workover systems, coiled tubing operations and riser-based wireline services. In addition, Helix offers remotely operated vehicle (ROV) support, inspection, maintenance and repair for subsea infrastructure.

Operating through three core business segments—Well Intervention, Robotics & Subsea Services and Production Facilities—Helix deploys purpose-built vessels, specialized equipment and engineering expertise to execute complex offshore projects.