UBS Group AG Decreases Stake in Helix Energy Solutions Group, Inc. $HLX

UBS Group AG decreased its position in Helix Energy Solutions Group, Inc. (NYSE:HLX) by 29.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 735,712 shares of the oil and gas company’s stock after selling 313,430 shares during the period. UBS Group AG owned 0.50% of Helix Energy Solutions Group worth $4,613,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HLX. AQR Capital Management LLC lifted its stake in Helix Energy Solutions Group by 530.1% in the first quarter. AQR Capital Management LLC now owns 235,208 shares of the oil and gas company’s stock valued at $1,955,000 after purchasing an additional 197,882 shares during the last quarter. Caxton Associates LLP purchased a new position in Helix Energy Solutions Group in the first quarter valued at approximately $184,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in 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 purchasing an additional 32,643 shares during the last quarter. Jane Street Group LLC lifted its stake in Helix Energy Solutions Group by 1,836.3% in the first quarter. Jane Street Group LLC now owns 378,195 shares of the oil and gas company’s stock valued at $3,143,000 after purchasing an additional 358,663 shares during the last quarter. Finally, Strs Ohio bought a new position in Helix Energy Solutions Group in the 1st quarter worth approximately $89,000. Hedge funds and other institutional investors own 91.33% of the company’s stock.

Helix Energy Solutions Group Stock Up 0.2%

HLX opened at $10.06 on Friday. The company has a 50 day moving average of $9.75 and a 200 day moving average of $8.26. The company has a market cap of $1.48 billion, a PE ratio of 100.56 and a beta of 1.16. 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 current ratio of 2.92, a quick ratio of 2.92 and a debt-to-equity ratio of 0.19.

Helix Energy Solutions Group (NYSE:HLX) last announced its quarterly earnings results on Wednesday, April 22nd. The oil and gas company reported ($0.09) EPS for the quarter, meeting the consensus estimate of ($0.09). Helix Energy Solutions Group had a net margin of 1.10% and a return on equity of 1.82%. The firm had revenue of $287.95 million during the quarter, compared to the consensus estimate of $260.89 million. Helix Energy Solutions Group’s revenue was up 3.6% on a year-over-year basis. On average, sell-side analysts expect that Helix Energy Solutions Group, Inc. will post 0.33 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. TD Cowen raised their price objective on shares of Helix Energy Solutions Group from $13.00 to $14.00 and gave the stock a “buy” rating in a report on Friday, April 24th. Weiss Ratings downgraded shares of Helix Energy Solutions Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, April 27th. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Helix Energy Solutions Group has an average rating of “Hold” and an average target price of $11.50.

Helix Energy Solutions Group Company 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.