317,869 Shares in Helix Energy Solutions Group, Inc. $HLX Acquired by Legal & General Group Plc

Key Points

• Legal & General Group Plc acquired 317,869 shares of Helix Energy Solutions Group in the second quarter, valued at approximately $2.78 million and representing 0.22% of the company. Institutional investors collectively own 91.33% of HLX.
• Helix reported quarterly EPS of $0.10, beating analysts’ $0.08 estimate, while revenue of $304.02 million fell short of the $314.56 million consensus. Shares opened at $10.62, near their 52-week high of $10.75.
• Analysts have a consensus “Hold” rating on HLX, with one Buy and two Hold ratings, and an average price target of $14.00.

Legal & General Group Plc acquired a new stake in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX - Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 317,869 shares of the oil and gas company's stock, valued at approximately $2,778,000. Legal & General Group Plc owned 0.22% of Helix Energy Solutions Group as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of HLX. Quarry LP bought a new stake in shares of Helix Energy Solutions Group during the fourth quarter worth $27,000. Royal Bank of Canada grew its holdings in shares of Helix Energy Solutions Group by 175.9% in the fourth quarter. Royal Bank of Canada now owns 6,993 shares of the oil and gas company's stock worth $44,000 after purchasing an additional 4,458 shares during the last quarter. XTX Topco Ltd bought a new position in shares of Helix Energy Solutions Group in the second quarter worth about $80,000. CIBC Asset Management Inc purchased a new position in Helix Energy Solutions Group in the 4th quarter worth about $85,000. Finally, Graham Capital Management L.P. bought a new stake in Helix Energy Solutions Group during the 4th quarter valued at about $85,000. Institutional investors own 91.33% of the company's stock.

Helix Energy Solutions Group Price Performance

Shares of HLX stock opened at $10.62 on Friday. The stock's 50-day moving average is $9.68 and its 200 day moving average is $9.57. The company has a debt-to-equity ratio of 0.19, a current ratio of 3.47 and a quick ratio of 3.47. Helix Energy Solutions Group, Inc. has a 1-year low of $6.03 and a 1-year high of $10.75. The company has a market cap of $1.57 billion, a P/E ratio of 39.33 and a beta of 1.17.

Helix Energy Solutions Group (NYSE:HLX - Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The oil and gas company reported $0.10 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.08 by $0.02. The business had revenue of $304.02 million during the quarter, compared to analysts' expectations of $314.56 million. Helix Energy Solutions Group had a net margin of 3.04% and a return on equity of 2.95%. Research analysts predict that Helix Energy Solutions Group, Inc. will post 0.28 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Weiss Ratings raised shares of Helix Energy Solutions Group from a "sell (d+)" rating to a "hold (c)" rating in a research report on Tuesday, August 11th. Wall Street Zen downgraded shares of Helix Energy Solutions Group from a "buy" rating to a "hold" rating in a research note on Sunday, August 16th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Helix Energy Solutions Group has an average rating of "Hold" and a consensus target price of $14.00.

Helix Energy Solutions Group 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.

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