Hsbc Holdings PLC Decreases Stock Holdings in Helix Energy Solutions Group, Inc. $HLX

Hsbc Holdings PLC lessened its holdings in Helix Energy Solutions Group, Inc. (NYSE:HLX) by 82.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,954 shares of the oil and gas company’s stock after selling 64,456 shares during the quarter. Hsbc Holdings PLC’s holdings in Helix Energy Solutions Group were worth $140,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the business. AQR Capital Management LLC raised its position in shares of Helix Energy Solutions Group by 530.1% during the 1st quarter. AQR Capital Management LLC now owns 235,208 shares of the oil and gas company’s stock worth $1,955,000 after acquiring an additional 197,882 shares in the last quarter. Caxton Associates LLP acquired a new stake in Helix Energy Solutions Group during the first quarter worth approximately $184,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Helix Energy Solutions Group by 9.6% during the 1st 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 worth $3,101,000 after buying an additional 32,643 shares during 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 worth $3,143,000 after buying an additional 358,663 shares during the last quarter. Finally, Strs Ohio acquired a new position in shares of Helix Energy Solutions Group in the 1st quarter valued at $89,000. 91.33% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on HLX. TD Cowen increased their target price on shares of Helix Energy Solutions Group from $13.00 to $14.00 and gave the company a “buy” rating in a research report on Friday, April 24th. Weiss Ratings reissued a “sell (d+)” rating on shares of Helix Energy Solutions Group in a research report on Friday, July 24th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $14.00.

Helix Energy Solutions Group Price Performance

Shares of NYSE HLX opened at $9.62 on Wednesday. The stock has a market cap of $1.42 billion, a P/E ratio of 96.24 and a beta of 1.14. Helix Energy Solutions Group, Inc. has a twelve month low of $5.58 and a twelve month high of $10.75. The stock has a 50 day moving average of $9.25 and a two-hundred day moving average of $9.21. 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 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.