Helix Energy Solutions Group, Inc. $HLX Shares Sold by Assenagon Asset Management S.A.

Key Points

• Assenagon Asset Management S.A. reduced its stake in Helix Energy Solutions Group by 18.1%, now owning approximately 0.61% of the company at a valuation of $5.7 million.
• A mix of hedge funds have increased their holdings in Helix Energy Solutions Group, with Allspring Global Investments Holdings boosting its stake by 54% in the first quarter.
• Recent analyst ratings for Helix Energy include an upgrade to a “hold” from Zacks, while Raymond James Financial maintains an “outperform” rating with a revised target price of $9.00, down from $10.00.

Assenagon Asset Management S.A. reduced its stake in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX - Free Report) by 18.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 917,291 shares of the oil and gas company's stock after selling 202,329 shares during the period. Assenagon Asset Management S.A. owned about 0.61% of Helix Energy Solutions Group worth $5,724,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC grew its holdings in Helix Energy Solutions Group by 54.0% during 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 acquiring an additional 15,135 shares in the last quarter. Cetera Investment Advisers acquired a new position in shares of Helix Energy Solutions Group in the 1st quarter valued at about $425,000. SG Americas Securities LLC boosted its holdings in shares of 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 valued at $577,000 after buying an additional 5,251 shares during the period. 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 valued at $19,430,000 after purchasing an additional 148,834 shares during the last quarter. Finally, Wellington Management Group LLP lifted its position 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 valued at $30,590,000 after purchasing an additional 396,666 shares during the last quarter. 91.33% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have commented on HLX shares. Zacks Research upgraded shares of Helix Energy Solutions Group from a "strong sell" rating to a "hold" rating in a research report on Monday. Wall Street Zen downgraded shares of Helix Energy Solutions Group from a "hold" rating to a "sell" rating in a research report on Saturday, July 26th. Finally, Raymond James Financial reiterated an "outperform" rating and issued a $9.00 target price (down from $10.00) on shares of Helix Energy Solutions Group in a research note on Friday, July 25th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $12.00.

Helix Energy Solutions Group Stock Up 1.7%

HLX opened at $6.70 on Thursday. The firm's 50-day simple moving average is $6.22 and its 200-day simple moving average is $6.66. 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 twelve month low of $5.52 and a twelve month high of $12.33. The firm has a market cap of $984.10 million, a price-to-earnings ratio of 20.92 and a beta of 1.65.

Helix Energy Solutions Group (NYSE:HLX - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The oil and gas company reported ($0.02) EPS for the quarter, missing analysts' consensus estimates 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 company 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. Equities research analysts anticipate that Helix Energy Solutions Group, Inc. will post 0.26 EPS for the current fiscal year.

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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