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

A number of other institutional investors have also modified their holdings of the business. Royce & Associates LP bought a new stake in shares of Helix Energy Solutions Group during the 1st quarter valued at about $527,000. Readystate Asset Management LP bought a new stake in shares of Helix Energy Solutions Group during the 1st quarter valued at about $494,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Helix Energy Solutions Group during the 1st quarter valued at about $1,202,000. Choreo LLC lifted its position in Helix Energy Solutions Group by 9.5% in the 1st quarter. Choreo LLC now owns 24,396 shares of the oil and gas company's stock valued at $203,000 after purchasing an additional 2,112 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its position in Helix Energy Solutions Group by 42.2% in the 1st quarter. Victory Capital Management Inc. now owns 195,115 shares of the oil and gas company's stock valued at $1,621,000 after purchasing an additional 57,947 shares during the last quarter. Institutional investors own 91.33% of the company's stock.

Helix Energy Solutions Group Price Performance

Shares of NYSE:HLX traded up $0.3750 during trading hours on Friday, hitting $6.3750. 1,912,341 shares of the company's stock traded hands, compared to its average volume of 1,648,045. Helix Energy Solutions Group, Inc. has a 52 week low of $5.52 and a 52 week high of $12.33. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.19 and a current ratio of 2.19. The company's fifty day simple moving average is $6.31 and its two-hundred day simple moving average is $6.94. The company has a market cap of $937.06 million, a price-to-earnings ratio of 19.92 and a beta of 1.53.

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

Analysts Set New Price Targets

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

Helix Energy Solutions Group 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.