First Eagle Investment Management LLC Sells 4,000 Shares of Helix Energy Solutions Group, Inc. (NYSE:HLX)

First Eagle Investment Management LLC cut its stake in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX) by 1.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 321,758 shares of the oil and gas company’s stock after selling 4,000 shares during the quarter. First Eagle Investment Management LLC owned about 0.21% of Helix Energy Solutions Group worth $3,842,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Pineridge Advisors LLC purchased a new position in Helix Energy Solutions Group in the fourth quarter worth about $54,000. Lindbrook Capital LLC lifted its position in Helix Energy Solutions Group by 1,037.6% in the 1st quarter. Lindbrook Capital LLC now owns 5,563 shares of the oil and gas company’s stock valued at $60,000 after acquiring an additional 5,074 shares in the last quarter. GAMMA Investing LLC boosted its stake in Helix Energy Solutions Group by 24.0% during the 2nd quarter. GAMMA Investing LLC now owns 6,379 shares of the oil and gas company’s stock valued at $76,000 after purchasing an additional 1,236 shares during the last quarter. CWM LLC increased its holdings in shares of Helix Energy Solutions Group by 10.4% in the 2nd quarter. CWM LLC now owns 9,043 shares of the oil and gas company’s stock worth $108,000 after purchasing an additional 850 shares in the last quarter. Finally, Counterpoint Mutual Funds LLC purchased a new position in shares of Helix Energy Solutions Group in the first quarter worth $135,000. Hedge funds and other institutional investors own 91.33% of the company’s stock.

Helix Energy Solutions Group Price Performance

NYSE HLX opened at $10.34 on Friday. The stock has a market capitalization of $1.58 billion, a price-to-earnings ratio of -49.21 and a beta of 2.42. Helix Energy Solutions Group, Inc. has a 1-year low of $8.82 and a 1-year high of $13.05. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.08 and a quick ratio of 2.08. The business’s fifty day moving average price is $10.90 and its 200-day moving average price is $10.98.

Helix Energy Solutions Group (NYSE:HLX) last posted its earnings results on Wednesday, July 24th. The oil and gas company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.03. The company had revenue of $364.80 million for the quarter, compared to the consensus estimate of $353.19 million. Helix Energy Solutions Group had a positive return on equity of 4.35% and a negative net margin of 0.49%. During the same quarter in the prior year, the company earned $0.11 earnings per share.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on HLX shares. Raymond James started coverage on Helix Energy Solutions Group in a research report on Thursday. They set a “strong-buy” rating and a $14.00 price objective on the stock. TD Cowen lifted their price target on shares of Helix Energy Solutions Group from $15.00 to $16.00 and gave the stock a “buy” rating in a research note on Tuesday, June 25th.

Helix Energy Solutions Group Company Profile

Helix Energy Solutions Group, Inc, together with its subsidiaries, an offshore energy services company, provides specialty services to the offshore energy industry in Brazil, the Gulf of Mexico, the East Coast of the United States, North Sea, the Asia Pacific, and West Africa regions. The company operates through four segments: Well Intervention, Robotics, Production Facilities, and Shallow Water Abandonment segments.