Helix Energy Solutions Group, Inc. $HLX Shares Sold by Vanguard Group Inc.

Key Points

• Vanguard Group trimmed its position in Helix by 3.4% in Q3, selling 462,958 shares and now owning 13,313,927 shares — roughly 9.05% of the company worth about $87.34 million per the latest 13F.
• Helix reported an earnings beat (EPS $0.06 vs. -$0.02 expected) and revenue of $334.16M (vs. $304.67M est.), and analysts carry a consensus rating of Moderate Buy with a $10.50 target.
• Institutional investors hold about 91.33% of the stock; Helix trades near $9.20 with a market cap of $1.36B and a P/E around 43.8.

Vanguard Group Inc. trimmed its position in Helix Energy Solutions Group, Inc. (NYSE:HLX - Free Report) by 3.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,313,927 shares of the oil and gas company's stock after selling 462,958 shares during the period. Vanguard Group Inc. owned approximately 9.05% of Helix Energy Solutions Group worth $87,339,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Bessemer Group Inc. grew its holdings in Helix Energy Solutions Group by 243.4% in the second quarter. Bessemer Group Inc. now owns 5,045 shares of the oil and gas company's stock valued at $31,000 after purchasing an additional 3,576 shares during the last quarter. AlphaQuest LLC increased its position in Helix Energy Solutions Group by 49.3% during the second quarter. AlphaQuest LLC now owns 8,877 shares of the oil and gas company's stock worth $55,000 after purchasing an additional 2,930 shares during the last quarter. Ballentine Partners LLC purchased a new position in shares of Helix Energy Solutions Group in the 3rd quarter worth $70,000. Federated Hermes Inc. purchased a new stake in shares of Helix Energy Solutions Group during the 3rd quarter worth about $74,000. Finally, XTX Topco Ltd acquired a new position in Helix Energy Solutions Group during the second quarter valued at approximately $80,000. 91.33% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on HLX shares. Weiss Ratings reiterated a "hold (c-)" rating on shares of Helix Energy Solutions Group in a report on Monday, December 29th. Zacks Research upgraded Helix Energy Solutions Group from a "strong sell" rating to a "hold" rating in a research note on Thursday, November 20th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $10.50.

Helix Energy Solutions Group Trading Up 0.3%

NYSE:HLX opened at $9.20 on Friday. Helix Energy Solutions Group, Inc. has a 1-year low of $5.52 and a 1-year high of $10.75. The stock has a fifty day simple moving average of $7.92 and a 200 day simple moving average of $7.04. The firm has a market capitalization of $1.36 billion, a price-to-earnings ratio of 43.81 and a beta of 1.21. The company has a quick ratio of 2.75, a current ratio of 2.75 and a debt-to-equity ratio of 0.19.

Helix Energy Solutions Group (NYSE:HLX - Get Free Report) last released its earnings results on Monday, February 23rd. The oil and gas company reported $0.06 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.02) by $0.08. Helix Energy Solutions Group had a return on equity of 2.88% and a net margin of 2.39%.The company had revenue of $334.16 million during the quarter, compared to analyst estimates of $304.67 million. The company's revenue was down 5.9% compared to the same quarter last year. Sell-side analysts forecast that Helix Energy Solutions Group, Inc. will post 0.26 earnings per share for the current year.

Helix Energy Solutions Group Profile

Helix Energy Solutions Group, Inc NYSE: HLX is a Houston-based provider of offshore well intervention and robotics services to the global energy industry. The company specializes in extending the productive life of subsea wells through hydraulic workover systems, coiled tubing operations and riser-based wireline services. In addition, Helix offers remotely operated vehicle (ROV) support, inspection, maintenance and repair for subsea infrastructure.

Operating through three core business segments—Well Intervention, Robotics & Subsea Services and Production Facilities—Helix deploys purpose-built vessels, specialized equipment and engineering expertise to execute complex offshore projects.

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