American Century Companies Inc. Buys 230,668 Shares of Helix Energy Solutions Group, Inc. $HLX

Key Points

• American Century Companies increased its stake in Helix Energy Solutions Group by 4.5% in Q3, buying 230,668 shares to hold 5,399,153 shares (about 3.67%), valued at roughly $35.4 million per its SEC filing.
• Helix recently beat quarterly estimates, reporting $0.06 EPS versus an expected ($0.02) and revenue of $334.2 million (vs. $304.7M expected), though revenue was down about 5.9% year‑over‑year.
• Analyst sentiment is mixed but mildly positive—two Buys and two Holds for an average rating of “Moderate Buy” with an average target price of $10.50 while the stock trades near $8.95 (52‑week range $5.52–$10.75).

American Century Companies Inc. raised its stake in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX - Free Report) by 4.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,399,153 shares of the oil and gas company's stock after buying an additional 230,668 shares during the period. American Century Companies Inc. owned about 3.67% of Helix Energy Solutions Group worth $35,418,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of HLX. Intech Investment Management LLC grew its holdings in shares of Helix Energy Solutions Group by 1.7% in the third quarter. Intech Investment Management LLC now owns 162,722 shares of the oil and gas company's stock worth $1,067,000 after acquiring an additional 2,644 shares during the period. AXQ Capital LP bought a new position in Helix Energy Solutions Group in the third quarter valued at about $77,000. OneDigital Investment Advisors LLC lifted its holdings in Helix Energy Solutions Group by 290.8% in the third quarter. OneDigital Investment Advisors LLC now owns 39,822 shares of the oil and gas company's stock valued at $261,000 after acquiring an additional 29,631 shares during the period. CenterBook Partners LP boosted its position in Helix Energy Solutions Group by 3.4% in the third quarter. CenterBook Partners LP now owns 1,128,443 shares of the oil and gas company's stock worth $7,403,000 after purchasing an additional 37,620 shares during the last quarter. Finally, Drucker Wealth 3.0 LLC bought a new stake in shares of Helix Energy Solutions Group during the 3rd quarter valued at about $66,000. 91.33% of the stock is owned by institutional investors.

Analyst Ratings Changes

HLX has been the subject of several research reports. Zacks Research raised 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 restated a "hold (c-)" rating on shares of Helix Energy Solutions Group in a research report on Monday, December 29th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $10.50.

Helix Energy Solutions Group Price Performance

NYSE HLX opened at $8.95 on Friday. The business's fifty day moving average is $7.98 and its 200 day moving average is $7.07. Helix Energy Solutions Group, Inc. has a fifty-two week low of $5.52 and a fifty-two week high of $10.75. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.75 and a current ratio of 2.75. The company has a market capitalization of $1.32 billion, a PE ratio of 42.62 and a beta of 1.21.

Helix Energy Solutions Group (NYSE:HLX - Get Free Report) last issued its quarterly earnings results on Monday, February 23rd. The oil and gas company reported $0.06 EPS for the quarter, topping analysts' consensus estimates of ($0.02) by $0.08. Helix Energy Solutions Group had a return on equity of 2.88% and a net margin of 2.39%.The business had revenue of $334.16 million during the quarter, compared to analysts' expectations of $304.67 million. The company's revenue was down 5.9% on a year-over-year basis. Sell-side analysts predict that Helix Energy Solutions Group, Inc. will post 0.26 earnings per share for the current year.

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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