Man Group plc Purchases Shares of 558,716 Helix Energy Solutions Group, Inc. $HLX

Key Points

• Man Group plc acquired 558,716 shares of Helix Energy Solutions Group during the second quarter, worth approximately $4.9 million and representing about 0.38% of the company. Institutional investors collectively own 91.33% of HLX.
• Analyst sentiment is mixed but centers on a “Hold” consensus: one analyst rates HLX a Buy and two rate it Hold, with a consensus price target of $14.00.
• Helix reported quarterly EPS of $0.10, beating estimates of $0.08, while revenue of $304.0 million fell short of the $314.6 million forecast. The stock recently opened at $10.14 and has traded between $6.03 and $10.75 over the past year.

Man Group plc acquired a new position in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 558,716 shares of the oil and gas company's stock, valued at approximately $4,883,000. Man Group plc owned about 0.38% of Helix Energy Solutions Group at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of HLX. Jupiter Topco LLC bought a new stake in shares of Helix Energy Solutions Group in the 2nd quarter valued at about $7,650,000. Canada Pension Plan Investment Board bought a new position in Helix Energy Solutions Group during the second quarter worth about $642,000. Legal & General Group Plc acquired a new position in Helix Energy Solutions Group during the second quarter worth approximately $2,778,000. The Manufacturers Life Insurance Company acquired a new position in Helix Energy Solutions Group during the second quarter worth approximately $509,000. Finally, Algert Global LLC raised its stake in Helix Energy Solutions Group by 508.9% in the second quarter. Algert Global LLC now owns 448,000 shares of the oil and gas company's stock valued at $3,916,000 after buying an additional 374,420 shares during the period. 91.33% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on HLX. Weiss Ratings raised Helix Energy Solutions Group from a "sell (d+)" rating to a "hold (c)" rating in a research report on Tuesday, August 11th. Wall Street Zen lowered Helix Energy Solutions Group from a "buy" rating to a "hold" rating in a report on Sunday, August 16th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Helix Energy Solutions Group presently has a consensus rating of "Hold" and a consensus price target of $14.00.

Helix Energy Solutions Group Stock Performance

NYSE HLX opened at $10.14 on Monday. The firm has a 50-day moving average of $9.50 and a 200-day moving average of $9.51. The company has a debt-to-equity ratio of 0.19, a quick ratio of 3.47 and a current ratio of 3.47. The stock has a market cap of $1.49 billion, a PE ratio of 37.56 and a beta of 1.14. Helix Energy Solutions Group, Inc. has a 52-week low of $6.03 and a 52-week high of $10.75.

Helix Energy Solutions Group (NYSE:HLX - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The oil and gas company reported $0.10 EPS for the quarter, beating analysts' consensus estimates of $0.08 by $0.02. The business had revenue of $304.02 million for the quarter, compared to analyst estimates of $314.56 million. Helix Energy Solutions Group had a net margin of 3.04% and a return on equity of 2.95%. On average, sell-side analysts anticipate that Helix Energy Solutions Group, Inc. will post 0.28 EPS for the current year.

About Helix Energy Solutions Group

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source