Fuller & Thaler Asset Management Inc. Acquires New Shares in Helix Energy Solutions Group, Inc. $HLX

Key Points

• Fuller & Thaler Asset Management Inc. recently acquired a new stake in Helix Energy Solutions Group, purchasing 62,340 shares valued at approximately $518,000.
• Several hedge funds have also increased their investments in Helix Energy Solutions, leading to institutional investors owning 91.33% of the company's stock.
• Helix Energy Solutions reported a loss of $0.02 per share in its recent earnings announcement, missing analysts' expectations, alongside a revenue of $302.29 million.

Fuller & Thaler Asset Management Inc. bought a new position in Helix Energy Solutions Group, Inc. (NYSE:HLX - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 62,340 shares of the oil and gas company's stock, valued at approximately $518,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Sunbelt Securities Inc. acquired a new position in shares of Helix Energy Solutions Group in the 4th quarter worth approximately $34,000. Quarry LP raised its position in Helix Energy Solutions Group by 79.8% in the 4th quarter. Quarry LP now owns 4,776 shares of the oil and gas company's stock worth $45,000 after purchasing an additional 2,120 shares during the last quarter. CWM LLC raised its position in Helix Energy Solutions Group by 78.0% in the 1st quarter. CWM LLC now owns 10,699 shares of the oil and gas company's stock worth $89,000 after purchasing an additional 4,688 shares during the last quarter. Cresset Asset Management LLC bought a new position in Helix Energy Solutions Group in the 1st quarter worth approximately $91,000. Finally, Quantinno Capital Management LP bought a new position in Helix Energy Solutions Group in the 4th quarter worth approximately $110,000. 91.33% of the stock is owned by institutional investors and hedge funds.

Helix Energy Solutions Group Trading Up 0.2%

Shares of Helix Energy Solutions Group stock traded up $0.01 on Tuesday, hitting $6.36. 252,162 shares of the company's stock traded hands, compared to its average volume of 1,790,346. The firm's 50-day moving average price is $6.29 and its two-hundred day moving average price is $6.91. The stock has a market capitalization of $935.44 million, a PE ratio of 19.83 and a beta of 1.53. Helix Energy Solutions Group, Inc. has a one year low of $5.52 and a one year high of $12.33. 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 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). 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. On average, research analysts expect that Helix Energy Solutions Group, Inc. will post 0.26 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on HLX shares. Wall Street Zen cut 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 restated an "outperform" rating and issued 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. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Helix Energy Solutions Group currently has an average rating of "Moderate Buy" and a consensus price target 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.