MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Cuts 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. cut its holdings in Helix Energy Solutions Group, Inc. (NYSE:HLX - Free Report) by 3.7% in the 1st quarter, according to the company in its most recent filing with the Securities and 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 filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in HLX. Price T Rowe Associates Inc. MD raised its position in shares of Helix Energy Solutions Group by 16.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 73,003 shares of the oil and gas company's stock worth $681,000 after acquiring an additional 10,563 shares in the last quarter. Northern Trust Corp raised its position in shares of Helix Energy Solutions Group by 24.4% in the 4th quarter. Northern Trust Corp now owns 1,811,814 shares of the oil and gas company's stock worth $16,886,000 after acquiring an additional 355,852 shares in the last quarter. EP Wealth Advisors LLC raised its position in shares of Helix Energy Solutions Group by 22.4% in the 4th quarter. EP Wealth Advisors LLC now owns 30,164 shares of the oil and gas company's stock worth $281,000 after acquiring an additional 5,527 shares in the last quarter. Deutsche Bank AG raised its position in shares of Helix Energy Solutions Group by 19.7% in the 4th quarter. Deutsche Bank AG now owns 234,299 shares of the oil and gas company's stock worth $2,184,000 after acquiring an additional 38,547 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its position in shares of Helix Energy Solutions Group by 9.7% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 1,032,819 shares of the oil and gas company's stock worth $9,626,000 after acquiring an additional 91,425 shares in the last quarter. 91.33% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on HLX shares. Raymond James Financial reissued an "outperform" rating and issued a $9.00 price objective (down from $10.00) on shares of Helix Energy Solutions Group in a research report on Friday, July 25th. Wall Street Zen downgraded Helix Energy Solutions Group from a "hold" rating to a "sell" rating in a research note on Saturday, July 26th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $12.00.

Helix Energy Solutions Group Stock Down 1.6%

Shares of HLX traded down $0.10 during trading hours on Friday, hitting $6.24. The stock had a trading volume of 733,966 shares, compared to its average volume of 1,127,215. The firm has a market capitalization of $917.19 million, a P/E ratio of 19.50 and a beta of 1.65. 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, Inc. has a 1-year low of $5.52 and a 1-year high of $12.33. The firm has a 50 day simple moving average of $6.23 and a 200-day simple moving average of $6.73.

Helix Energy Solutions Group (NYSE:HLX - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The oil and gas company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.01 by ($0.03). The company had revenue of $302.29 million for 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. 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.