Helix Energy Solutions Group, Inc. $HLX Stake Increased by Cresset Asset Management LLC

Cresset Asset Management LLC raised its stake in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX) by 1,671.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 193,087 shares of the oil and gas company’s stock after acquiring an additional 182,184 shares during the quarter. Cresset Asset Management LLC’s holdings in Helix Energy Solutions Group were worth $1,205,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in HLX. Cetera Investment Advisers bought a new position in shares of Helix Energy Solutions Group during the first quarter worth about $425,000. Charles Schwab Investment Management Inc. increased its holdings in Helix Energy Solutions Group by 6.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 2,338,193 shares of the oil and gas company’s stock valued at $19,430,000 after buying an additional 148,834 shares during the last quarter. Graham Capital Management L.P. acquired a new stake in Helix Energy Solutions Group during the first quarter valued at approximately $2,038,000. American Century Companies Inc. lifted its holdings in Helix Energy Solutions Group by 2.8% during the 2nd quarter. American Century Companies Inc. now owns 5,168,485 shares of the oil and gas company’s stock worth $32,251,000 after buying an additional 138,374 shares during the last quarter. Finally, Hsbc Holdings PLC lifted its holdings in Helix Energy Solutions Group by 84.8% during the 1st quarter. Hsbc Holdings PLC now owns 35,932 shares of the oil and gas company’s stock worth $302,000 after buying an additional 16,486 shares during the last quarter. 91.33% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Helix Energy Solutions Group news, COO Scott Andrew Sparks sold 40,000 shares of Helix Energy Solutions Group stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $6.88, for a total transaction of $275,200.00. Following the sale, the chief operating officer owned 301,042 shares of the company’s stock, valued at $2,071,168.96. The trade was a 11.73% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 6.60% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have recently weighed in on HLX. Cowen reiterated a “buy” rating on shares of Helix Energy Solutions Group in a report on Friday, October 24th. Wall Street Zen upgraded shares of Helix Energy Solutions Group from a “sell” rating to a “hold” rating in a research note on Saturday, October 25th. Zacks Research raised shares of Helix Energy Solutions Group from a “strong sell” rating to a “hold” rating in a report on Thursday, November 20th. TD Cowen raised their price target on shares of Helix Energy Solutions Group from $11.00 to $12.00 and gave the stock a “buy” rating in a research report on Friday, October 24th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Helix Energy Solutions Group in a research report on Monday. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Helix Energy Solutions Group has a consensus rating of “Moderate Buy” and a consensus target price of $10.50.

Helix Energy Solutions Group Trading Down 2.2%

Helix Energy Solutions Group stock opened at $7.24 on Thursday. Helix Energy Solutions Group, Inc. has a 52-week low of $5.52 and a 52-week high of $10.21. The company has a quick ratio of 2.54, a current ratio of 2.54 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $1.06 billion, a price-to-earnings ratio of 25.84 and a beta of 1.26. The firm has a 50-day moving average price of $6.68 and a two-hundred day moving average price of $6.50.

Helix Energy Solutions Group (NYSE:HLX) last released its quarterly earnings results on Wednesday, October 22nd. The oil and gas company reported $0.15 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.15. The company had revenue of $376.96 million for the quarter, compared to analysts’ expectations of $361.93 million. Helix Energy Solutions Group had a return on equity of 2.75% and a net margin of 3.25%.The business’s revenue for the quarter was up 10.1% on a year-over-year basis. Sell-side analysts expect that Helix Energy Solutions Group, Inc. will post 0.26 earnings per share for the current 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.