Trexquant Investment LP Acquires New Position in Helix Energy Solutions Group, Inc. $HLX

Key Points

• Trexquant Investment LP has acquired a stake in Helix Energy Solutions Group, purchasing 100,087 shares valued at approximately $832,000, representing a 0.07% ownership of the company.
• Several institutional investors, including Allspring Global Investments and Charles Schwab Investment Management, have significantly increased their holdings in Helix Energy Solutions Group during the first quarter.
• Analyst ratings for Helix Energy Solutions Group show a mixed outlook, with a consensus rating of "Moderate Buy" but a reduced price target from Raymond James and a downgrade to "sell" from Wall Street Zen.

Trexquant Investment LP bought a new position in Helix Energy Solutions Group, Inc. (NYSE:HLX - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 100,087 shares of the oil and gas company's stock, valued at approximately $832,000. Trexquant Investment LP owned approximately 0.07% of Helix Energy Solutions Group at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of HLX. Sunbelt Securities Inc. bought a new stake in shares of Helix Energy Solutions Group in the 4th quarter worth $34,000. AlphaQuest LLC increased its holdings in shares of Helix Energy Solutions Group by 594,600.0% in the 1st quarter. AlphaQuest LLC now owns 5,947 shares of the oil and gas company's stock worth $49,000 after purchasing an additional 5,946 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of Helix Energy Solutions Group by 43.1% in the 1st quarter. Smartleaf Asset Management LLC now owns 7,053 shares of the oil and gas company's stock worth $59,000 after purchasing an additional 2,123 shares in the last quarter. CWM LLC increased its holdings in shares of Helix Energy Solutions Group by 78.0% in the 1st quarter. CWM LLC now owns 10,699 shares of the oil and gas company's stock worth $89,000 after purchasing an additional 4,688 shares in the last quarter. Finally, Cresset Asset Management LLC bought a new stake in shares of Helix Energy Solutions Group in the 1st quarter worth $91,000. Institutional investors own 91.33% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on HLX shares. Raymond James Financial reissued 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 Helix Energy Solutions Group from a "hold" rating to a "sell" rating in a report on Saturday, July 26th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $12.00.

Helix Energy Solutions Group Stock Performance

HLX traded down $0.10 during trading on Friday, hitting $6.24. The company's stock had a trading volume of 733,966 shares, compared to its average volume of 1,143,054. The company has a quick ratio of 2.19, a current ratio of 2.19 and a debt-to-equity ratio of 0.19. Helix Energy Solutions Group, Inc. has a one year low of $5.52 and a one year high of $12.33. The firm has a market cap of $917.22 million, a PE ratio of 19.50 and a beta of 1.65. The business's 50 day simple moving average is $6.23 and its 200-day simple moving average is $6.75.

Helix Energy Solutions Group (NYSE:HLX - Get Free Report) last released its quarterly earnings results 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). The business had revenue of $302.29 million during the quarter, compared to the consensus estimate 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, sell-side analysts predict that Helix Energy Solutions Group, Inc. will post 0.26 EPS 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.