Renaissance Technologies LLC Trims Stock Position in Helix Energy Solutions Group, Inc. (NYSE:HLX)

Renaissance Technologies LLC cut its stake in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX) by 22.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 222,127 shares of the oil and gas company’s stock after selling 64,073 shares during the quarter. Renaissance Technologies LLC owned approximately 0.15% of Helix Energy Solutions Group worth $2,652,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Pineridge Advisors LLC purchased a new stake in Helix Energy Solutions Group during the 4th quarter valued at $54,000. GAMMA Investing LLC grew its stake in shares of Helix Energy Solutions Group by 24.0% during the second quarter. GAMMA Investing LLC now owns 6,379 shares of the oil and gas company’s stock worth $76,000 after acquiring an additional 1,236 shares during the last quarter. CWM LLC boosted its position in Helix Energy Solutions Group by 10.4% in the second quarter. CWM LLC now owns 9,043 shares of the oil and gas company’s stock valued at $108,000 after buying an additional 850 shares during the last quarter. Counterpoint Mutual Funds LLC acquired a new position in Helix Energy Solutions Group in the first quarter valued at approximately $135,000. Finally, Syon Capital LLC acquired a new position in shares of Helix Energy Solutions Group during the 4th quarter worth approximately $138,000. 91.33% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

HLX has been the topic of several recent research reports. TD Cowen lifted their target price 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. Raymond James assumed coverage on shares of Helix Energy Solutions Group in a research report on Thursday, September 19th. They set a “strong-buy” rating and a $14.00 price target on the stock.

Helix Energy Solutions Group Price Performance

Shares of HLX stock opened at $11.20 on Wednesday. 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 firm’s 50-day moving average is $10.64 and its two-hundred day moving average is $11.04. Helix Energy Solutions Group, Inc. has a 12 month low of $8.82 and a 12 month high of $13.05. The company has a market capitalization of $1.71 billion, a PE ratio of -53.33 and a beta of 2.42.

Helix Energy Solutions Group (NYSE:HLX) last released its quarterly earnings results on Wednesday, July 24th. The oil and gas company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.03. The business had revenue of $364.80 million for the quarter, compared to the consensus estimate of $353.19 million. Helix Energy Solutions Group had a negative net margin of 0.49% and a positive return on equity of 4.35%. During the same period in the previous year, the firm earned $0.11 EPS. Analysts predict that Helix Energy Solutions Group, Inc. will post 0.29 earnings per share for the current year.

Helix Energy Solutions Group 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.