Helix Energy Solutions Group, Inc. $HLX Stock Holdings Decreased by Guinness Asset Management LTD

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 lowered its stake in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX - Free Report) by 19.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm 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.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Allspring Global Investments Holdings LLC grew its stake 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 worth $359,000 after purchasing an additional 15,135 shares in the last quarter. Cetera Investment Advisers acquired a new position in shares of Helix Energy Solutions Group during the first quarter worth $425,000. SG Americas Securities LLC grew its stake in shares of Helix Energy Solutions Group by 8.2% during the first quarter. SG Americas Securities LLC now owns 69,460 shares of the oil and gas company's stock worth $577,000 after purchasing an additional 5,251 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Helix Energy Solutions Group by 6.8% during the first 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 purchasing an additional 148,834 shares in the last quarter. Finally, Wellington Management Group LLP grew its stake in shares of Helix Energy Solutions Group by 13.7% during the fourth 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 in the last quarter. Institutional investors and hedge funds own 91.33% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Wall Street Zen downgraded shares of Helix Energy Solutions Group from a "hold" rating to a "sell" rating in a research note 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 note on Friday, July 25th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Helix Energy Solutions Group has an average rating of "Moderate Buy" and a consensus price target of $12.00.

Helix Energy Solutions Group Price Performance

Shares of HLX traded up $0.18 during mid-day trading on Wednesday, reaching $6.55. 348,629 shares of the company's stock were exchanged, compared to its average volume of 1,730,571. 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 50-day simple moving average of $6.22 and a two-hundred day simple moving average of $6.71. The company has a market cap of $962.64 million, a price-to-earnings ratio of 20.49 and a beta of 1.65. The company has a quick ratio of 2.19, a current ratio of 2.19 and a debt-to-equity ratio of 0.19.

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

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.