Fisher Asset Management LLC Has $14.79 Million Stock Holdings in Helix Energy Solutions Group, Inc. $HLX

Fisher Asset Management LLC lessened its stake in Helix Energy Solutions Group, Inc. (NYSE:HLX) by 6.9% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,254,930 shares of the oil and gas company’s stock after selling 167,975 shares during the quarter. Fisher Asset Management LLC’s holdings in Helix Energy Solutions Group were worth $14,792,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. American Century Companies Inc. lifted its position in shares of Helix Energy Solutions Group by 4.5% during the 3rd quarter. American Century Companies Inc. now owns 5,399,153 shares of the oil and gas company’s stock worth $35,418,000 after buying an additional 230,668 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of Helix Energy Solutions Group by 109.8% during the third quarter. Principal Financial Group Inc. now owns 4,804,147 shares of the oil and gas company’s stock valued at $31,515,000 after acquiring an additional 2,514,402 shares during the last quarter. Gate City Capital Management LLC raised its position in Helix Energy Solutions Group by 8.5% during the 2nd quarter. Gate City Capital Management LLC now owns 3,581,525 shares of the oil and gas company’s stock worth $22,349,000 after purchasing an additional 281,771 shares during the last quarter. Invesco Ltd. lifted its stake in shares of Helix Energy Solutions Group by 219.2% in the second quarter. Invesco Ltd. now owns 3,198,950 shares of the oil and gas company’s stock worth $19,961,000 after acquiring an additional 2,196,916 shares during the period. Finally, Systematic Financial Management LP lifted its position in shares of Helix Energy Solutions Group by 2.8% in the 2nd quarter. Systematic Financial Management LP now owns 3,035,156 shares of the oil and gas company’s stock worth $18,939,000 after purchasing an additional 83,338 shares during the period. 91.33% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on HLX shares. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Helix Energy Solutions Group in a research note on Monday, December 29th. Zacks Research upgraded shares of Helix Energy Solutions Group from a “strong sell” rating to a “hold” rating in a report on Thursday, November 20th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $10.50.

Helix Energy Solutions Group Price Performance

Shares of HLX opened at $9.17 on Thursday. The business’s fifty day moving average is $7.86 and its 200 day moving average is $7.02. Helix Energy Solutions Group, Inc. has a 12-month low of $5.52 and a 12-month high of $10.75. The company has a quick ratio of 2.75, a current ratio of 2.75 and a debt-to-equity ratio of 0.19. The stock has a market cap of $1.35 billion, a P/E ratio of 43.64 and a beta of 1.21.

Helix Energy Solutions Group (NYSE:HLX) last announced its quarterly earnings results on Monday, February 23rd. The oil and gas company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.08. Helix Energy Solutions Group had a net margin of 2.39% and a return on equity of 2.88%. The business had revenue of $334.16 million during the quarter, compared to analyst estimates of $304.67 million. The business’s revenue for the quarter was down 5.9% compared to the same quarter last year. Sell-side analysts anticipate that Helix Energy Solutions Group, Inc. will post 0.26 earnings per share for the current fiscal year.

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.