Systematic Financial Management LP Increases Stock Position in Helix Energy Solutions Group, Inc. $HLX

Key Points

• Systematic Financial Management LP increased its stake in Helix Energy Solutions Group by 1.6%, owning approximately 2,951,818 shares valued at $24.5 million as per its latest SEC filing.
• Helix Energy Solutions Group reported a net margin of 3.92% for the most recent quarter, with earnings per share coming in at ($0.02), which was below analyst expectations.
• Currently, institutional investors hold 91.33% of Helix Energy Solutions Group's stock, illustrating significant confidence in the company's prospects.

Systematic Financial Management LP lifted its holdings in Helix Energy Solutions Group, Inc. (NYSE:HLX - Free Report) by 1.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,951,818 shares of the oil and gas company's stock after acquiring an additional 45,982 shares during the period. Systematic Financial Management LP owned approximately 1.95% of Helix Energy Solutions Group worth $24,530,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC boosted its stake in shares of Helix Energy Solutions Group by 54.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 43,163 shares of the oil and gas company's stock valued at $359,000 after purchasing an additional 15,135 shares during the period. SG Americas Securities LLC boosted its stake in Helix Energy Solutions Group by 8.2% during the 1st quarter. SG Americas Securities LLC now owns 69,460 shares of the oil and gas company's stock valued at $577,000 after acquiring an additional 5,251 shares during the last quarter. Cetera Investment Advisers acquired a new stake in shares of Helix Energy Solutions Group during the first quarter worth $425,000. Wellington Management Group LLP raised its holdings in shares of Helix Energy Solutions Group by 13.7% during the fourth quarter. Wellington Management Group LLP now owns 3,282,202 shares of the oil and gas company's stock worth $30,590,000 after purchasing an additional 396,666 shares during the period. Finally, GSA Capital Partners LLP acquired a new stake in shares of Helix Energy Solutions Group in the 1st quarter worth about $1,164,000. Institutional investors and hedge funds own 91.33% of the company's stock.

Helix Energy Solutions Group Stock Performance

HLX stock opened at $6.3750 on Friday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.19 and a current ratio of 2.19. The stock has a market cap of $937.06 million, a P/E ratio of 19.92 and a beta of 1.53. The firm has a 50 day simple moving average of $6.31 and a 200 day simple moving average of $6.94. Helix Energy Solutions Group, Inc. has a 52 week low of $5.52 and a 52 week high of $12.33.

Helix Energy Solutions Group (NYSE:HLX - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The oil and gas company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.03). Helix Energy Solutions Group had a net margin of 3.92% and a return on equity of 3.23%. The business 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 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

Helix Energy Solutions Group Company 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.

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