Charles Schwab Investment Management Inc. Increases Stake in Helix Energy Solutions Group, Inc. $HLX

Key Points

• Charles Schwab Investment Management Inc. increased its stake in Helix Energy Solutions Group by 6.8%, acquiring a total of 2,338,193 shares valued at approximately $19.43 million.
• Other institutional investors, including Allspring Global Investments and SG Americas Securities, have also increased their holdings, highlighting a growing interest in Helix Energy Solutions.
• Analysts have mixed ratings for Helix Energy Solutions, with a consensus target price of $12.00 and some analysts lowering their price targets recently.

Charles Schwab Investment Management Inc. increased its holdings in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX - Free Report) by 6.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,338,193 shares of the oil and gas company's stock after purchasing an additional 148,834 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.54% of Helix Energy Solutions Group worth $19,430,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Nisa Investment Advisors LLC increased its position in shares of Helix Energy Solutions Group by 0.9% during the 1st quarter. Nisa Investment Advisors LLC now owns 202,488 shares of the oil and gas company's stock worth $1,683,000 after purchasing an additional 1,721 shares during the last quarter. CoreCommodity Management LLC increased its position in shares of Helix Energy Solutions Group by 1.4% during the 4th quarter. CoreCommodity Management LLC now owns 129,776 shares of the oil and gas company's stock worth $1,210,000 after purchasing an additional 1,780 shares during the last quarter. MetLife Investment Management LLC increased its position in shares of Helix Energy Solutions Group by 2.4% during the 4th quarter. MetLife Investment Management LLC now owns 85,270 shares of the oil and gas company's stock worth $795,000 after purchasing an additional 1,995 shares during the last quarter. Pacific Global Investment Management Co. increased its position in shares of Helix Energy Solutions Group by 0.5% during the 1st quarter. Pacific Global Investment Management Co. now owns 414,733 shares of the oil and gas company's stock worth $3,446,000 after purchasing an additional 2,007 shares during the last quarter. Finally, Choreo LLC increased its position in shares of Helix Energy Solutions Group by 9.5% during the 1st quarter. Choreo LLC now owns 24,396 shares of the oil and gas company's stock worth $203,000 after purchasing an additional 2,112 shares during the last quarter. 91.33% of the stock is owned by institutional investors and hedge funds.

Helix Energy Solutions Group Stock Up 2.0%

Shares of HLX traded up $0.13 during midday trading on Wednesday, hitting $6.45. The company had a trading volume of 888,130 shares, compared to its average volume of 1,521,386. The company's 50-day simple moving average is $6.26 and its 200-day simple moving average is $6.90. 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 firm has a market capitalization of $947.35 million, a P/E ratio of 20.14 and a beta of 1.53. Helix Energy Solutions Group, Inc. has a 1 year low of $5.52 and a 1 year high of $12.33.

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

Analysts Set New Price Targets

A number of brokerages recently issued reports on HLX. Raymond James Financial reissued an "outperform" rating and set a $9.00 price objective (down from $10.00) on shares of Helix Energy Solutions Group in a research report on Friday, July 25th. Wall Street Zen cut Helix Energy Solutions Group from a "hold" rating to a "sell" rating in a report on Saturday, July 26th. Two equities research 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 company has an average rating of "Moderate Buy" and a consensus 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.