Gate City Capital Management LLC Cuts Stock Holdings in Helix Energy Solutions Group, Inc. $HLX

Gate City Capital Management LLC lessened its position in Helix Energy Solutions Group, Inc. (NYSE:HLX) by 23.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,872,195 shares of the oil and gas company’s stock after selling 575,000 shares during the quarter. Helix Energy Solutions Group makes up about 5.1% of Gate City Capital Management LLC’s portfolio, making the stock its 9th biggest position. Gate City Capital Management LLC owned about 1.27% of Helix Energy Solutions Group worth $11,739,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Quarry LP acquired a new stake in Helix Energy Solutions Group in the 4th quarter valued at approximately $27,000. Royal Bank of Canada raised its position in Helix Energy Solutions Group by 175.9% in the 4th quarter. Royal Bank of Canada now owns 6,993 shares of the oil and gas company’s stock valued at $44,000 after buying an additional 4,458 shares during the last quarter. Drucker Wealth 3.0 LLC acquired a new stake in Helix Energy Solutions Group in the 3rd quarter valued at approximately $66,000. Aaron Wealth Advisors LLC acquired a new stake in Helix Energy Solutions Group in the 4th quarter valued at approximately $74,000. Finally, AXQ Capital LP acquired a new stake in Helix Energy Solutions Group in the 3rd quarter valued at approximately $77,000. Institutional investors and hedge funds own 91.33% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on HLX shares. TD Cowen lifted their target price on 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 cut shares of Helix Energy Solutions Group from a “hold (c-)” rating to a “sell (d+)” rating in a research 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 issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $11.50.

Helix Energy Solutions Group Stock Down 3.0%

Helix Energy Solutions Group stock opened at $9.21 on Wednesday. The stock has a market cap of $1.36 billion, a P/E ratio of 92.08 and a beta of 1.11. The company has a quick ratio of 2.92, a current ratio of 2.92 and a debt-to-equity ratio of 0.19. Helix Energy Solutions Group, Inc. has a twelve month low of $5.52 and a twelve month high of $10.75. The company’s 50-day moving average price is $9.75 and its two-hundred day moving average price is $8.63.

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