Sei Investments Co. Raises Stake in Helix Energy Solutions Group, Inc. $HLX

Key Points

• Sei Investments nearly doubled its Helix Energy Solutions Group stake by adding 161,901 shares in the first quarter, bringing its holdings to 335,854 shares worth about $3.32 million.
• Institutional investors own approximately 91.33% of HLX, while the stock recently traded at $9.62, within its $5.58–$10.75 12-month range.
• Helix exceeded quarterly earnings expectations with EPS of $0.10 versus a $0.08 consensus estimate, but revenue fell short; analysts maintain a consensus “Hold” rating and a $14 price target.

Sei Investments Co. increased its holdings in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX - Free Report) by 93.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 335,854 shares of the oil and gas company's stock after acquiring an additional 161,901 shares during the period. Sei Investments Co. owned approximately 0.23% of Helix Energy Solutions Group worth $3,322,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of HLX. Quarry LP purchased a new position in shares of Helix Energy Solutions Group during the fourth quarter valued at approximately $27,000. Royal Bank of Canada grew its stake in shares of Helix Energy Solutions Group by 175.9% in the 4th quarter. Royal Bank of Canada now owns 6,993 shares of the oil and gas company's stock worth $44,000 after buying an additional 4,458 shares during the last quarter. State of Wyoming increased its position in Helix Energy Solutions Group by 357.7% during the 1st quarter. State of Wyoming now owns 10,449 shares of the oil and gas company's stock valued at $103,000 after buying an additional 8,166 shares in the last quarter. Strs Ohio bought a new position in Helix Energy Solutions Group during the 1st quarter valued at approximately $89,000. Finally, Aaron Wealth Advisors LLC bought a new position in Helix Energy Solutions Group during the 4th quarter valued at approximately $74,000. Hedge funds and other institutional investors own 91.33% of the company's stock.

Helix Energy Solutions Group Stock Performance

Shares of HLX opened at $9.62 on Friday. The company has a market cap of $1.42 billion, a price-to-earnings ratio of 35.61 and a beta of 1.14. The business's fifty day simple moving average is $9.26 and its two-hundred day simple moving average is $9.25. Helix Energy Solutions Group, Inc. has a 12 month low of $5.58 and a 12 month high of $10.75. The company has a current ratio of 2.92, a quick ratio of 2.92 and a debt-to-equity ratio of 0.19.

Helix Energy Solutions Group (NYSE:HLX - Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The oil and gas company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.02. The firm had revenue of $304.02 million during the quarter, compared to analysts' expectations of $314.56 million. Helix Energy Solutions Group had a return on equity of 2.96% and a net margin of 3.04%. Research analysts anticipate that Helix Energy Solutions Group, Inc. will post 0.28 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have commented on HLX. Weiss Ratings reissued a "sell (d+)" rating on shares of Helix Energy Solutions Group in a report on Friday, July 24th. Wall Street Zen upgraded Helix Energy Solutions Group from a "hold" rating to a "buy" rating in a report on Saturday. Finally, TD Cowen lifted their price target on Helix Energy Solutions Group from $13.00 to $14.00 and gave the stock a "buy" rating in a research report on Friday, April 24th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $14.00.

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.

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