Guinness Asset Management LTD Sells 59,375 Shares of Helix Energy Solutions Group, Inc. $HLX

Key Points

• Guinness Asset Management LTD reduced its stake in Helix Energy Solutions Group by 19.8%, selling 59,375 shares and now holds a total of 240,866 shares worth approximately $2 million.
• Other institutional investors like Allspring Global Investments increased their positions significantly, with different firms showing varied interest, reflecting a mix of purchasing and divesting movements among hedge funds.
• Helix Energy Solutions posted a net loss of $0.02 EPS for the last quarter, falling short of analyst expectations, and set a fiscal year 2025 guidance at an anticipated EPS of 0.26.

Guinness Asset Management LTD decreased its position in Helix Energy Solutions Group, Inc. (NYSE:HLX - Free Report) by 19.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 240,866 shares of the oil and gas company's stock after selling 59,375 shares during the quarter. Guinness Asset Management LTD owned 0.16% of Helix Energy Solutions Group worth $2,005,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC lifted its position in Helix Energy Solutions Group by 54.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 43,163 shares of the oil and gas company's stock worth $359,000 after buying an additional 15,135 shares during the last quarter. Cetera Investment Advisers bought a new stake in Helix Energy Solutions Group in the 1st quarter worth approximately $425,000. SG Americas Securities LLC lifted 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. Charles Schwab Investment Management Inc. lifted its position in Helix Energy Solutions Group by 6.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,338,193 shares of the oil and gas company's stock worth $19,430,000 after buying an additional 148,834 shares during the last quarter. Finally, Wellington Management Group LLP increased its stake in Helix Energy Solutions Group by 13.7% in the 4th quarter. Wellington Management Group LLP now owns 3,282,202 shares of the oil and gas company's stock worth $30,590,000 after purchasing an additional 396,666 shares during the period. Institutional investors own 91.33% of the company's stock.

Helix Energy Solutions Group Price Performance

HLX opened at $6.36 on Friday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.19 and a current ratio of 2.19. Helix Energy Solutions Group, Inc. has a 52-week low of $5.52 and a 52-week high of $12.33. The stock has a market capitalization of $934.83 million, a PE ratio of 19.88 and a beta of 1.65. The stock's 50 day moving average price is $6.24 and its 200-day moving average price is $6.77.

Helix Energy Solutions Group (NYSE:HLX - Get Free Report) last posted its earnings results 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). 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 analysts' expectations of $326.62 million. Helix Energy Solutions Group has set its FY 2025 guidance at EPS. On average, equities research analysts predict that Helix Energy Solutions Group, Inc. will post 0.26 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on HLX shares. Raymond James Financial reaffirmed an "outperform" rating and issued a $9.00 price target (down from $10.00) on shares of Helix Energy Solutions Group in a research note on Friday, July 25th. Wall Street Zen cut Helix Energy Solutions Group from a "hold" rating to a "sell" rating in a research note on Saturday, July 26th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $12.00.

About Helix Energy Solutions Group

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.

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