Algert Global LLC Has $3.92 Million Stock Holdings in Helix Energy Solutions Group, Inc. $HLX

Key Points

• Algert Global increased its Helix Energy Solutions Group position by 508.9% in the second quarter, holding 448,000 shares valued at approximately $3.92 million. Institutional investors collectively own 91.33% of HLX.
• Helix reported quarterly EPS of $0.10, exceeding analysts’ $0.08 estimate, while revenue of $304.02 million fell short of the $314.56 million consensus forecast.
• HLX shares opened at $10.12, near their 12-month high of $10.75. Analysts maintain a consensus “Hold” rating, with an average price target of $14.00.

Algert Global LLC lifted its position in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX - Free Report) by 508.9% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 448,000 shares of the oil and gas company's stock after buying an additional 374,420 shares during the quarter. Algert Global LLC owned about 0.30% of Helix Energy Solutions Group worth $3,916,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Quarry LP bought a new stake in shares of Helix Energy Solutions Group in the fourth quarter valued at approximately $27,000. Royal Bank of Canada lifted its position in shares of Helix Energy Solutions Group by 175.9% during the 4th quarter. Royal Bank of Canada now owns 6,993 shares of the oil and gas company's stock valued at $44,000 after acquiring an additional 4,458 shares during the period. State of Wyoming grew its holdings in shares of Helix Energy Solutions Group by 357.7% during the 1st quarter. State of Wyoming now owns 10,449 shares of the oil and gas company's stock worth $103,000 after purchasing an additional 8,166 shares in the last quarter. Strs Ohio acquired a new stake in shares of Helix Energy Solutions Group during the 1st quarter worth $89,000. Finally, OneDigital Investment Advisors LLC bought a new position in shares of Helix Energy Solutions Group in the second quarter worth $97,000. 91.33% of the stock is owned by institutional investors.

Helix Energy Solutions Group Price Performance

Shares of HLX stock opened at $10.12 on Friday. The company has a quick ratio of 3.47, a current ratio of 3.47 and a debt-to-equity ratio of 0.19. Helix Energy Solutions Group, Inc. has a twelve month low of $6.03 and a twelve month high of $10.75. The company has a market cap of $1.49 billion, a P/E ratio of 37.48 and a beta of 1.14. The business has a fifty day simple moving average of $9.47 and a 200 day simple moving average of $9.50.

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

Wall Street Analysts Forecast Growth

HLX has been the subject of a number of analyst reports. Weiss Ratings raised Helix Energy Solutions Group from a "sell (d+)" rating to a "hold (c)" rating in a research note 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 investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Helix Energy Solutions Group has a consensus rating of "Hold" and an average target price of $14.00.

About Helix Energy Solutions Group

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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