Charles Schwab Investment Management Inc. Boosts Stock Holdings 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. lifted its position in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX - Free Report) by 6.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,338,193 shares of the oil and gas company's stock after acquiring an additional 148,834 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.54% of Helix Energy Solutions Group worth $19,430,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in HLX. Allspring Global Investments Holdings LLC lifted its holdings in shares of Helix Energy Solutions Group by 54.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 43,163 shares of the oil and gas company's stock valued at $359,000 after purchasing an additional 15,135 shares in the last quarter. SG Americas Securities LLC raised its position in Helix Energy Solutions Group by 8.2% in the 1st quarter. SG Americas Securities LLC now owns 69,460 shares of the oil and gas company's stock worth $577,000 after buying an additional 5,251 shares during the last quarter. Wellington Management Group LLP lifted its stake in Helix Energy Solutions Group by 13.7% during the 4th quarter. Wellington Management Group LLP now owns 3,282,202 shares of the oil and gas company's stock valued at $30,590,000 after acquiring an additional 396,666 shares during the period. Cetera Investment Advisers purchased a new stake in shares of Helix Energy Solutions Group during the 1st quarter valued at about $425,000. Finally, GSA Capital Partners LLP bought a new stake in shares of Helix Energy Solutions Group in the first quarter worth approximately $1,164,000. 91.33% of the stock is currently owned by hedge funds and other institutional investors.

Helix Energy Solutions Group Stock Performance

Shares of NYSE HLX opened at $5.9940 on Friday. Helix Energy Solutions Group, Inc. has a 12-month low of $5.52 and a 12-month high of $12.33. The firm has a market capitalization of $881.06 million, a price-to-earnings ratio of 18.73 and a beta of 1.53. The company has a current ratio of 2.19, a quick ratio of 2.19 and a debt-to-equity ratio of 0.19. The firm has a 50 day moving average of $6.32 and a 200 day moving average of $6.95.

Helix Energy Solutions Group (NYSE:HLX - Get Free Report) last issued its quarterly earnings results 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 return on equity of 3.23% and a net margin of 3.92%.The business had revenue of $302.29 million for the quarter, compared to analysts' expectations of $326.62 million. Helix Energy Solutions Group has set its FY 2025 guidance at EPS. On average, research analysts anticipate that Helix Energy Solutions Group, Inc. will post 0.26 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. 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 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 research 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.com, the stock has a consensus 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.

Want to see what other hedge funds are holding HLX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Helix Energy Solutions Group, Inc. (NYSE:HLX - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.