Raymond James Financial Inc. Has $5.75 Million Stake in Helix Energy Solutions Group, Inc. $HLX

Key Points

• Raymond James Financial Inc. increased its stake in Helix Energy Solutions Group by 6.2%, owning approximately 691,287 shares valued at $5.75 million as of the end of the last quarter.
• Helix Energy Solutions Group reported a loss of $0.02 earnings per share for the quarter, missing analysts' estimates, and generated $302.29 million in revenue, below the projected $326.62 million.
• Analysts have mixed ratings on Helix Energy Solutions, with a consensus rating of "Moderate Buy" and a target price of $12.00 despite recent downgrades from Raymond James and Wall Street Zen.

Raymond James Financial Inc. grew its holdings in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX - Free Report) by 6.2% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 691,287 shares of the oil and gas company's stock after purchasing an additional 40,052 shares during the period. Raymond James Financial Inc. owned about 0.46% of Helix Energy Solutions Group worth $5,745,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD grew its position in Helix Energy Solutions Group by 16.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 73,003 shares of the oil and gas company's stock worth $681,000 after buying an additional 10,563 shares in the last quarter. Northern Trust Corp increased its position in shares of Helix Energy Solutions Group by 24.4% in the fourth quarter. Northern Trust Corp now owns 1,811,814 shares of the oil and gas company's stock worth $16,886,000 after purchasing an additional 355,852 shares during the period. Balyasny Asset Management L.P. raised its stake in Helix Energy Solutions Group by 356.5% in the fourth quarter. Balyasny Asset Management L.P. now owns 2,469,684 shares of the oil and gas company's stock valued at $23,017,000 after purchasing an additional 1,928,691 shares in the last quarter. Caxton Associates LP bought a new stake in Helix Energy Solutions Group during the fourth quarter worth about $132,000. Finally, Bridgeway Capital Management LLC lifted its position in Helix Energy Solutions Group by 738.7% during the fourth quarter. Bridgeway Capital Management LLC now owns 998,485 shares of the oil and gas company's stock worth $9,306,000 after purchasing an additional 879,437 shares during the period. 91.33% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Helix Energy Solutions Group Price Performance

HLX stock opened at $6.49 on Thursday. The stock has a market cap of $953.23 million, a price-to-earnings ratio of 20.27 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. The company has a 50 day simple moving average of $6.25 and a 200 day simple moving average of $6.84. Helix Energy Solutions Group, Inc. has a 1 year low of $5.52 and a 1 year high of $12.33.

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 analysts' consensus estimates of $0.01 by ($0.03). Helix Energy Solutions Group had a return on equity of 3.23% and a net margin of 3.92%.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. Research analysts anticipate that Helix Energy Solutions Group, Inc. will post 0.26 EPS for the current fiscal year.

About Helix Energy Solutions Group

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.

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