Helix Energy Solutions Group, Inc. $HLX Shares Sold by Fulcrum Asset Management LLP

Fulcrum Asset Management LLP decreased its position in Helix Energy Solutions Group, Inc. (NYSE:HLX) by 59.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 64,595 shares of the oil and gas company’s stock after selling 92,879 shares during the period. Fulcrum Asset Management LLP’s holdings in Helix Energy Solutions Group were worth $424,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. Drucker Wealth 3.0 LLC acquired a new position in shares of Helix Energy Solutions Group during the third quarter worth approximately $66,000. Ballentine Partners LLC acquired a new stake in Helix Energy Solutions Group in the 3rd quarter valued at approximately $70,000. Federated Hermes Inc. bought a new stake in Helix Energy Solutions Group during the 3rd quarter valued at $74,000. AXQ Capital LP bought a new stake in Helix Energy Solutions Group during the 3rd quarter valued at $77,000. Finally, XTX Topco Ltd acquired a new position in Helix Energy Solutions Group during the 2nd quarter worth $80,000. Institutional investors and hedge funds own 91.33% of the company’s stock.

Helix Energy Solutions Group Price Performance

Shares of NYSE:HLX opened at $9.44 on Thursday. The stock has a market cap of $1.39 billion, a price-to-earnings ratio of 44.95 and a beta of 1.21. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.75 and a quick ratio of 2.75. Helix Energy Solutions Group, Inc. has a 12 month low of $5.52 and a 12 month high of $10.75. The stock’s 50 day moving average price is $8.39 and its 200 day moving average price is $7.22.

Helix Energy Solutions Group (NYSE:HLX) last issued its quarterly earnings results on Monday, February 23rd. The oil and gas company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.08. Helix Energy Solutions Group had a return on equity of 2.88% and a net margin of 2.39%.The firm had revenue of $334.16 million during the quarter, compared to analyst estimates of $304.67 million. The firm’s revenue was down 5.9% on a year-over-year basis. Equities 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 recently issued reports on HLX. Weiss Ratings reissued a “hold (c-)” rating on shares of Helix Energy Solutions Group in a research note on Monday, December 29th. 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. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently 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.