Legal & General Group Plc Invests $2.78 Million in Helix Energy Solutions Group, Inc. $HLX

Legal & General Group Plc acquired a new stake in Helix Energy Solutions Group, Inc. (NYSE:HLX) during the second quarter, Holdings Channel reports. The fund acquired 317,869 shares of the oil and gas company’s stock, valued at approximately $2,778,000.

A number of other large investors have also modified their holdings of the business. Royal Bank of Canada raised its position in shares of Helix Energy Solutions Group by 14.0% in the first quarter. Royal Bank of Canada now owns 7,972 shares of the oil and gas company’s stock valued at $79,000 after buying an additional 979 shares during the last quarter. Kennedy Capital Management LLC grew its stake in Helix Energy Solutions Group by 0.3% during the 4th quarter. Kennedy Capital Management LLC now owns 559,666 shares of the oil and gas company’s stock valued at $3,509,000 after acquiring an additional 1,428 shares in the last quarter. Pictet Asset Management Holding SA raised its holdings in Helix Energy Solutions Group by 8.4% in the 1st quarter. Pictet Asset Management Holding SA now owns 24,021 shares of the oil and gas company’s stock valued at $238,000 after acquiring an additional 1,864 shares during the last quarter. Comerica Bank raised its holdings in Helix Energy Solutions Group by 2.6% in the 4th quarter. Comerica Bank now owns 80,619 shares of the oil and gas company’s stock valued at $505,000 after acquiring an additional 2,014 shares during the last quarter. Finally, Corient Private Wealth LLC lifted its stake in Helix Energy Solutions Group by 10.0% in the 2nd quarter. Corient Private Wealth LLC now owns 24,104 shares of the oil and gas company’s stock worth $150,000 after purchasing an additional 2,183 shares in the last quarter. Hedge funds and other institutional investors own 91.33% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on HLX shares. Weiss Ratings raised Helix Energy Solutions Group from a “sell (d+)” rating to a “hold (c)” rating in a report on Tuesday, August 11th. Wall Street Zen lowered Helix Energy Solutions Group from a “buy” rating to a “hold” rating in a research note on Sunday, August 16th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Helix Energy Solutions Group currently has an average rating of “Hold” and a consensus price target of $14.00.

Helix Energy Solutions Group Trading Up 0.2%

Shares of HLX stock opened at $10.62 on Friday. Helix Energy Solutions Group, Inc. has a 1-year low of $6.03 and a 1-year high of $10.75. The firm has a market cap of $1.57 billion, a PE ratio of 39.33 and a beta of 1.17. The company has a 50-day moving average of $9.68 and a two-hundred day moving average of $9.57. The company has a debt-to-equity ratio of 0.19, a current ratio of 3.47 and a quick ratio of 3.47.

Helix Energy Solutions Group (NYSE:HLX) last released its quarterly earnings results on Thursday, August 6th. The oil and gas company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.02. Helix Energy Solutions Group had a net margin of 3.04% and a return on equity of 2.95%. The business had revenue of $304.02 million for the quarter, compared to the consensus estimate of $314.56 million. On average, analysts predict that Helix Energy Solutions Group, Inc. will post 0.28 EPS for the current year.

Helix Energy Solutions Group Profile

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.