Sawtooth Solutions LLC trimmed its holdings in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX – Get Rating) by 24.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,361 shares of the oil and gas company's stock after selling 3,671 shares during the quarter. Sawtooth Solutions LLC's holdings in Helix Energy Solutions Group were worth $35,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in HLX. Invesco Ltd. grew its holdings in Helix Energy Solutions Group by 2.5% during the 4th quarter. Invesco Ltd. now owns 5,256,307 shares of the oil and gas company's stock worth $16,400,000 after acquiring an additional 126,415 shares during the last quarter. Guinness Asset Management LTD boosted its stake in shares of Helix Energy Solutions Group by 37.0% in the 1st quarter. Guinness Asset Management LTD now owns 667,448 shares of the oil and gas company's stock valued at $3,212,000 after purchasing an additional 180,253 shares during the last quarter. Guinness Atkinson Asset Management Inc boosted its stake in shares of Helix Energy Solutions Group by 26.4% in the 1st quarter. Guinness Atkinson Asset Management Inc now owns 25,508 shares of the oil and gas company's stock valued at $122,000 after purchasing an additional 5,328 shares during the last quarter. AE Wealth Management LLC bought a new stake in shares of Helix Energy Solutions Group in the 1st quarter valued at $426,000. Finally, Bailard Inc. boosted its stake in shares of Helix Energy Solutions Group by 122.0% in the 1st quarter. Bailard Inc. now owns 63,500 shares of the oil and gas company's stock valued at $304,000 after purchasing an additional 34,900 shares during the last quarter. 91.32% of the stock is owned by institutional investors.
Get Helix Energy Solutions Group alerts:Helix Energy Solutions Group Stock Up 6.7 %
Helix Energy Solutions Group stock opened at $4.12 on Tuesday. The company has a quick ratio of 2.09, a current ratio of 2.09 and a debt-to-equity ratio of 0.17. The firm's fifty day moving average is $4.13 and its 200 day moving average is $4.11. Helix Energy Solutions Group, Inc. has a 12-month low of $2.47 and a 12-month high of $5.78. The company has a market capitalization of $625.12 million, a PE ratio of -5.28 and a beta of 2.74.
Helix Energy Solutions Group (NYSE:HLX – Get Rating) last released its quarterly earnings data on Monday, July 25th. The oil and gas company reported ($0.20) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.04). Helix Energy Solutions Group had a negative return on equity of 7.24% and a negative net margin of 17.62%. The business had revenue of $162.61 million for the quarter, compared to analyst estimates of $160.45 million. During the same quarter in the previous year, the company posted ($0.09) EPS. As a group, sell-side analysts predict that Helix Energy Solutions Group, Inc. will post -0.5 EPS for the current fiscal year.Wall Street Analysts Forecast Growth
HLX has been the topic of a number of analyst reports. Capital One Financial upped their price objective on shares of Helix Energy Solutions Group to $6.00 and gave the company an "outperform" rating in a research note on Wednesday, July 27th. StockNews.com lowered shares of Helix Energy Solutions Group from a "hold" rating to a "sell" rating in a research note on Saturday, August 20th. Evercore ISI upgraded shares of Helix Energy Solutions Group from an "in-line" rating to an "outperform" rating and boosted their target price for the company from $6.00 to $8.00 in a research report on Wednesday, July 27th. Cowen boosted their target price on shares of Helix Energy Solutions Group from $6.50 to $7.50 in a research report on Wednesday, July 27th. Finally, Cowen boosted their target price on shares of Helix Energy Solutions Group from $6.50 to $7.50 and gave the company an "outperform" rating in a research report on Wednesday, July 27th. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $7.25.
Helix Energy Solutions Group Profile
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Helix Energy Solutions Group, Inc, an offshore energy services company, provides specialty services to the offshore energy industry primarily in Brazil, the Gulf of Mexico, North Sea, the Asia Pacific, and West Africa regions. The company operates through three segments: Well Intervention, Robotics, and Production Facilities.
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