American Century Companies Inc. Acquires 303,074 Shares of Helix Energy Solutions Group, Inc. $HLX

Key Points

• American Century Companies Inc. increased its stake in Helix Energy Solutions Group by 6.4%, owning approximately 3.32% of the company worth $41.8 million after acquiring more shares in the first quarter.
• Analysts' opinions vary, with Raymond James Financial maintaining an "outperform" rating but lowering the price target to $9.00, while Wall Street Zen downgraded the stock from "hold" to "sell."
• Helix Energy Solutions reported a loss of $0.02 EPS last quarter, missing expectations, and projected 0.26 EPS for the current fiscal year.

American Century Companies Inc. boosted its position in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX - Free Report) by 6.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,030,111 shares of the oil and gas company's stock after purchasing an additional 303,074 shares during the period. American Century Companies Inc. owned 3.32% of Helix Energy Solutions Group worth $41,800,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. Balyasny Asset Management L.P. lifted its position in shares of Helix Energy Solutions Group by 356.5% in the fourth quarter. Balyasny Asset Management L.P. now owns 2,469,684 shares of the oil and gas company's stock worth $23,017,000 after buying an additional 1,928,691 shares during the last quarter. Gate City Capital Management LLC acquired a new stake in shares of Helix Energy Solutions Group in the fourth quarter worth about $17,639,000. Encompass Capital Advisors LLC lifted its position in shares of Helix Energy Solutions Group by 66.2% in the fourth quarter. Encompass Capital Advisors LLC now owns 4,103,295 shares of the oil and gas company's stock worth $38,243,000 after buying an additional 1,634,764 shares during the last quarter. Nuveen LLC acquired a new stake in shares of Helix Energy Solutions Group in the first quarter worth about $7,378,000. Finally, Bridgeway Capital Management LLC lifted its position in shares of Helix Energy Solutions Group by 738.7% in the fourth quarter. Bridgeway Capital Management LLC now owns 998,485 shares of the oil and gas company's stock worth $9,306,000 after buying an additional 879,437 shares during the last quarter. Institutional investors and hedge funds own 91.33% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on HLX. Raymond James Financial reaffirmed an "outperform" rating and issued a $9.00 price target (down previously from $10.00) on shares of Helix Energy Solutions Group in a research report on Friday, July 25th. Wall Street Zen lowered Helix Energy Solutions Group from a "hold" rating to a "sell" rating in a research note on Saturday, July 26th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Helix Energy Solutions Group has an average rating of "Moderate Buy" and an average target price of $12.00.

Helix Energy Solutions Group Trading Down 0.2%

NYSE:HLX traded down $0.0150 during trading hours on Monday, hitting $6.3650. 539,715 shares of the stock were exchanged, compared to its average volume of 1,796,240. The company's 50 day moving average is $6.31 and its two-hundred day moving average is $6.92. Helix Energy Solutions Group, Inc. has a twelve month low of $5.52 and a twelve month high of $12.33. The company has a quick ratio of 2.19, a current ratio of 2.19 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $935.59 million, a P/E ratio of 19.89 and a beta of 1.53.

Helix Energy Solutions Group (NYSE:HLX - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The oil and gas company reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.03). The business had revenue of $302.29 million for the quarter, compared to the consensus estimate of $326.62 million. Helix Energy Solutions Group had a net margin of 3.92% and a return on equity of 3.23%. Helix Energy Solutions Group has set its FY 2025 guidance at EPS. On average, sell-side analysts anticipate that Helix Energy Solutions Group, Inc. will post 0.26 earnings per share for the current fiscal year.

About Helix Energy Solutions Group

Helix Energy Solutions Group, Inc, together with its subsidiaries, an offshore energy services company, provides specialty services to the offshore energy industry in Brazil, the Gulf of Mexico, the East Coast of the United States, North Sea, the Asia Pacific, and West Africa regions. The company operates through four segments: Well Intervention, Robotics, Production Facilities, and Shallow Water Abandonment segments.