Cetera Investment Advisers Acquires Shares of 51,119 Helix Energy Solutions Group, Inc. $HLX

Key Points

• Cetera Investment Advisers made a new investment in Helix Energy Solutions Group, acquiring 51,119 shares valued at approximately $425,000.
• Multiple institutional investors increased their stakes in Helix Energy Solutions Group, with significant purchases made by Royce & Associates LP and Victory Capital Management Inc., indicating strong interest in the company.
• Helix Energy Solutions' stock price recently opened at $5.72 and the company reported a loss of ($0.02) EPS for the last quarter, falling short of analysts’ expectations.

Cetera Investment Advisers bought a new stake in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 51,119 shares of the oil and gas company's stock, valued at approximately $425,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of HLX. Nisa Investment Advisors LLC increased its position in shares of Helix Energy Solutions Group by 0.9% during the first quarter. Nisa Investment Advisors LLC now owns 202,488 shares of the oil and gas company's stock worth $1,683,000 after acquiring an additional 1,721 shares during the period. CoreCommodity Management LLC grew its stake in Helix Energy Solutions Group by 1.4% in the fourth quarter. CoreCommodity Management LLC now owns 129,776 shares of the oil and gas company's stock valued at $1,210,000 after purchasing an additional 1,780 shares during the last quarter. MetLife Investment Management LLC increased its holdings in shares of Helix Energy Solutions Group by 2.4% during the fourth quarter. MetLife Investment Management LLC now owns 85,270 shares of the oil and gas company's stock valued at $795,000 after acquiring an additional 1,995 shares in the last quarter. Pacific Global Investment Management Co. increased its holdings in shares of Helix Energy Solutions Group by 0.5% during the first quarter. Pacific Global Investment Management Co. now owns 414,733 shares of the oil and gas company's stock valued at $3,446,000 after acquiring an additional 2,007 shares in the last quarter. Finally, Choreo LLC increased its holdings in shares of Helix Energy Solutions Group by 9.5% during the first quarter. Choreo LLC now owns 24,396 shares of the oil and gas company's stock valued at $203,000 after acquiring an additional 2,112 shares in the last quarter. 91.33% of the stock is currently owned by institutional investors.

Helix Energy Solutions Group Stock Performance

NYSE:HLX traded up $0.2950 during trading hours on Thursday, reaching $5.9950. The company had a trading volume of 949,358 shares, compared to its average volume of 1,797,388. Helix Energy Solutions Group, Inc. has a 1-year low of $5.52 and a 1-year high of $12.33. The firm has a market cap of $881.18 million, a PE ratio of 18.73 and a beta of 1.53. The business's 50 day moving average price is $6.34 and its 200-day moving average price is $6.96. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.19 and a quick ratio of 2.19.

Helix Energy Solutions Group (NYSE:HLX - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The oil and gas company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.01 by ($0.03). The company had revenue of $302.29 million during the quarter, compared to analyst estimates 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. Research analysts forecast that Helix Energy Solutions Group, Inc. will post 0.26 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on HLX. Raymond James Financial restated an "outperform" rating and set a $9.00 price objective (down previously from $10.00) on shares of Helix Energy Solutions Group in a report on Friday, July 25th. Wall Street Zen lowered Helix Energy Solutions Group from a "hold" rating to a "sell" rating in a research report on Saturday, July 26th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $12.00.

Helix Energy Solutions Group Company Profile

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.