MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $15.19 Million Position in Helix Energy Solutions Group, Inc. $HLX

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. reduced its stake in Helix Energy Solutions Group by 3.7%, selling 70,250 shares, and now owns approximately 1.21% of the company.
• Helix Energy Solutions Group reported a net loss of $0.02 EPS for the last quarter, missing analyst expectations, with revenue of $302.29 million compared to estimates of $326.62 million.
• Analysts have mixed ratings on Helix Energy Solutions, with Raymond James maintaining an "outperform" rating while Wall Street Zen downgraded the stock to a "sell," resulting in an average price target of $12.00.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lowered its holdings in Helix Energy Solutions Group, Inc. (NYSE:HLX - Free Report) by 3.7% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,828,347 shares of the oil and gas company's stock after selling 70,250 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 1.21% of Helix Energy Solutions Group worth $15,194,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of HLX. Sunbelt Securities Inc. purchased a new stake in shares of Helix Energy Solutions Group during the fourth quarter worth $34,000. AlphaQuest LLC raised its holdings in shares of Helix Energy Solutions Group by 594,600.0% during the first quarter. AlphaQuest LLC now owns 5,947 shares of the oil and gas company's stock worth $49,000 after acquiring an additional 5,946 shares in the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of Helix Energy Solutions Group by 43.1% during the first quarter. Smartleaf Asset Management LLC now owns 7,053 shares of the oil and gas company's stock worth $59,000 after acquiring an additional 2,123 shares in the last quarter. CWM LLC raised its holdings in shares of Helix Energy Solutions Group by 78.0% during the first quarter. CWM LLC now owns 10,699 shares of the oil and gas company's stock worth $89,000 after acquiring an additional 4,688 shares in the last quarter. Finally, Cresset Asset Management LLC purchased a new stake in shares of Helix Energy Solutions Group during the first quarter worth $91,000. Hedge funds and other institutional investors own 91.33% of the company's stock.

Analysts Set New Price Targets

HLX has been the subject of several recent research reports. Wall Street Zen lowered Helix Energy Solutions Group from a "hold" rating to a "sell" rating in a report on Saturday, July 26th. Raymond James Financial reiterated an "outperform" rating and set a $9.00 price objective (down from $10.00) on shares of Helix Energy Solutions Group in a report on Friday, July 25th. Two 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, Helix Energy Solutions Group has a consensus rating of "Moderate Buy" and an average target price of $12.00.

Helix Energy Solutions Group Stock Down 1.6%

NYSE HLX traded down $0.10 during trading on Friday, hitting $6.24. 733,966 shares of the company traded hands, compared to its average volume of 1,143,054. Helix Energy Solutions Group, Inc. has a 12 month low of $5.52 and a 12 month high of $12.33. The business has a fifty day simple moving average of $6.23 and a 200 day simple moving average of $6.74. 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 company has a market capitalization of $917.22 million, a P/E ratio of 19.50 and a beta of 1.65.

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 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 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. As a group, sell-side analysts predict that Helix Energy Solutions Group, Inc. will post 0.26 EPS for the current year.

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.