Farther Finance Advisors LLC Sells 69,663 Shares of Helix Energy Solutions Group, Inc. $HLX

Farther Finance Advisors LLC trimmed its position in Helix Energy Solutions Group, Inc. (NYSE:HLX) by 94.1% in the 4th quarter, HoldingsChannel reports. The fund owned 4,333 shares of the oil and gas company’s stock after selling 69,663 shares during the quarter. Farther Finance Advisors LLC’s holdings in Helix Energy Solutions Group were worth $27,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Principal Financial Group Inc. boosted its position in shares of Helix Energy Solutions Group by 109.8% in the third quarter. Principal Financial Group Inc. now owns 4,804,147 shares of the oil and gas company’s stock worth $31,515,000 after purchasing an additional 2,514,402 shares during the period. Acuitas Investments LLC raised its position in shares of Helix Energy Solutions Group by 63.8% during the 3rd quarter. Acuitas Investments LLC now owns 681,610 shares of the oil and gas company’s stock valued at $4,471,000 after purchasing an additional 265,604 shares during the period. Tudor Investment Corp ET AL bought a new stake in shares of Helix Energy Solutions Group during the 3rd quarter valued at $799,000. American Century Companies Inc. lifted its stake in shares of Helix Energy Solutions Group by 4.5% during the 3rd quarter. American Century Companies Inc. now owns 5,399,153 shares of the oil and gas company’s stock valued at $35,418,000 after buying an additional 230,668 shares in the last quarter. Finally, First Eagle Investment Management LLC lifted its stake in shares of Helix Energy Solutions Group by 45.3% during the 3rd quarter. First Eagle Investment Management LLC now owns 529,358 shares of the oil and gas company’s stock valued at $3,473,000 after buying an additional 165,100 shares in the last quarter. Institutional investors own 91.33% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on HLX shares. TD Cowen increased their price target on Helix Energy Solutions Group from $13.00 to $14.00 and gave the stock a “buy” rating in a research note on Friday, April 24th. Weiss Ratings downgraded Helix Energy Solutions Group from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, April 27th. Two equities 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 company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $11.50.

Helix Energy Solutions Group Trading Down 1.9%

Shares of HLX opened at $9.64 on Friday. The firm has a market cap of $1.42 billion, a P/E ratio of 96.44 and a beta of 1.16. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.92 and a quick ratio of 2.92. Helix Energy Solutions Group, Inc. has a 1 year low of $5.52 and a 1 year high of $10.75. The company has a 50 day simple moving average of $9.54 and a two-hundred day simple moving average of $8.01.

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

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.