Public Sector Pension Investment Board Increases Stock Position in Helix Energy Solutions Group, Inc. $HLX

Key Points

• The Public Sector Pension Investment Board increased its stake in Helix Energy Solutions Group by 27.3%, owning 453,407 shares worth approximately $3.77 million.
• Analysts have recently adjusted their ratings on Helix, with Raymond James reducing its target price to $9.00 and Wall Street Zen downgrading it from a "hold" to a "sell" rating.
• Helix Energy Solutions reported a loss of $0.02 EPS in its latest quarterly earnings, missing analyst expectations and recording a revenue of $302.29 million.

Public Sector Pension Investment Board raised its holdings in Helix Energy Solutions Group, Inc. (NYSE:HLX - Free Report) by 27.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 453,407 shares of the oil and gas company's stock after purchasing an additional 97,181 shares during the quarter. Public Sector Pension Investment Board owned about 0.30% of Helix Energy Solutions Group worth $3,768,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Helix Energy Solutions Group by 4.6% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 37,161 shares of the oil and gas company's stock valued at $309,000 after purchasing an additional 1,634 shares during the period. Nisa Investment Advisors LLC boosted its holdings in shares of Helix Energy Solutions Group by 0.9% in the first quarter. Nisa Investment Advisors LLC now owns 202,488 shares of the oil and gas company's stock valued at $1,683,000 after acquiring an additional 1,721 shares in the last quarter. CoreCommodity Management LLC boosted its holdings in shares of Helix Energy Solutions Group by 1.4% in the fourth quarter. CoreCommodity Management LLC now owns 129,776 shares of the oil and gas company's stock valued at $1,210,000 after acquiring an additional 1,780 shares in the last quarter. MetLife Investment Management LLC boosted its holdings in shares of Helix Energy Solutions Group by 2.4% in the fourth quarter. MetLife Investment Management LLC now owns 85,270 shares of the oil and gas company's stock valued at $795,000 after acquiring an additional 1,995 shares in the last quarter. Finally, Pacific Global Investment Management Co. boosted its holdings in shares of Helix Energy Solutions Group by 0.5% in the first quarter. Pacific Global Investment Management Co. now owns 414,733 shares of the oil and gas company's stock valued at $3,446,000 after acquiring an additional 2,007 shares in the last quarter. 91.33% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Raymond James Financial reaffirmed an "outperform" rating and issued a $9.00 target price (down previously from $10.00) on shares of Helix Energy Solutions Group in a report on Friday, July 25th. Wall Street Zen downgraded shares of Helix Energy Solutions Group from a "hold" rating to a "sell" rating in a report on Saturday, July 26th. Two investment 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, Helix Energy Solutions Group has a consensus rating of "Moderate Buy" and an average target price of $12.00.

Helix Energy Solutions Group Price Performance

HLX stock traded up $0.3750 during trading on Friday, reaching $6.3750. 1,912,341 shares of the company were exchanged, compared to its average volume of 1,640,460. The company has a market cap of $937.06 million, a P/E ratio of 19.92 and a beta of 1.53. Helix Energy Solutions Group, Inc. has a 52-week low of $5.52 and a 52-week high of $12.33. The stock's 50 day moving average price is $6.31 and its 200 day moving average price is $6.92. 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 (NYSE:HLX - Get Free Report) last released 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). The company had revenue of $302.29 million for the quarter, compared to analysts' expectations of $326.62 million. Helix Energy Solutions Group had a return on equity of 3.23% and a net margin of 3.92%. Helix Energy Solutions Group has set its FY 2025 guidance at EPS. As a group, analysts predict that Helix Energy Solutions Group, Inc. will post 0.26 earnings per share for the current fiscal 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.