Helix Energy Solutions Group, Inc. $HLX Position Decreased by Fulcrum Asset Management LLP

Fulcrum Asset Management LLP lowered its holdings in Helix Energy Solutions Group, Inc. (NYSE:HLX) by 59.0% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 64,595 shares of the oil and gas company’s stock after selling 92,879 shares during the quarter. Fulcrum Asset Management LLP’s holdings in Helix Energy Solutions Group were worth $424,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in HLX. AQR Capital Management LLC boosted its holdings in Helix Energy Solutions Group by 530.1% during the first quarter. AQR Capital Management LLC now owns 235,208 shares of the oil and gas company’s stock worth $1,955,000 after buying an additional 197,882 shares in the last quarter. Caxton Associates LLP bought a new position in shares of Helix Energy Solutions Group in the first quarter valued at $184,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Helix Energy Solutions Group by 9.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 373,201 shares of the oil and gas company’s stock valued at $3,101,000 after buying an additional 32,643 shares in the last quarter. Jane Street Group LLC lifted its position in shares of Helix Energy Solutions Group by 1,836.3% during the 1st quarter. Jane Street Group LLC now owns 378,195 shares of the oil and gas company’s stock valued at $3,143,000 after acquiring an additional 358,663 shares during the last quarter. Finally, Strs Ohio acquired a new stake in shares of Helix Energy Solutions Group during the 1st quarter valued at $89,000. 91.33% of the stock is currently owned by institutional investors.

Helix Energy Solutions Group Stock Down 0.4%

Shares of NYSE:HLX opened at $9.44 on Thursday. The firm has a 50 day simple moving average of $8.39 and a 200 day simple moving average of $7.22. Helix Energy Solutions Group, Inc. has a 52 week low of $5.52 and a 52 week high of $10.75. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.75 and a current ratio of 2.75. The company has a market cap of $1.39 billion, a PE ratio of 44.95 and a beta of 1.21.

Helix Energy Solutions Group (NYSE:HLX) last posted its quarterly earnings data on Monday, February 23rd. The oil and gas company reported $0.06 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $334.16 million for the quarter, compared to analysts’ expectations of $304.67 million. Helix Energy Solutions Group’s revenue was down 5.9% on a year-over-year basis. As a group, research analysts expect that Helix Energy Solutions Group, Inc. will post 0.26 earnings per share for the current year.

Wall Street Analyst Weigh In

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

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.