Allspring Global Investments Holdings LLC Has $310,000 Holdings in Helix Energy Solutions Group, Inc. (NYSE:HLX)

Allspring Global Investments Holdings LLC grew its holdings in Helix Energy Solutions Group, Inc. (NYSE:HLX) by 21.8% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 27,962 shares of the oil and gas company’s stock after purchasing an additional 5,013 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Helix Energy Solutions Group were worth $310,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in shares of Helix Energy Solutions Group by 1.2% in the first quarter. Vanguard Group Inc. now owns 13,366,874 shares of the oil and gas company’s stock valued at $144,897,000 after purchasing an additional 152,413 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Helix Energy Solutions Group by 2.4% in the second quarter. Dimensional Fund Advisors LP now owns 11,018,797 shares of the oil and gas company’s stock valued at $131,559,000 after purchasing an additional 254,880 shares during the last quarter. Pacer Advisors Inc. acquired a new stake in shares of Helix Energy Solutions Group in the second quarter valued at approximately $81,862,000. American Century Companies Inc. grew its stake in shares of Helix Energy Solutions Group by 24.9% in the second quarter. American Century Companies Inc. now owns 3,413,435 shares of the oil and gas company’s stock valued at $40,756,000 after buying an additional 680,635 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its stake in shares of Helix Energy Solutions Group by 74.1% in the second quarter. Assenagon Asset Management S.A. now owns 2,314,924 shares of the oil and gas company’s stock valued at $27,640,000 after buying an additional 985,101 shares in the last quarter. 91.33% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. BTIG Research cut shares of Helix Energy Solutions Group from a “buy” rating to a “neutral” rating in a research note on Thursday, October 24th. Raymond James assumed coverage on shares of Helix Energy Solutions Group in a research note on Thursday, September 19th. They issued a “strong-buy” rating and a $14.00 target price for the company. TD Cowen decreased their target price on shares of Helix Energy Solutions Group from $16.00 to $15.00 and set a “buy” rating for the company in a research note on Friday, October 25th. Finally, StockNews.com raised shares of Helix Energy Solutions Group from a “sell” rating to a “hold” rating in a research note on Saturday.

Insiders Place Their Bets

In other Helix Energy Solutions Group news, CEO Owen E. Kratz sold 298,419 shares of Helix Energy Solutions Group stock in a transaction on Thursday, October 3rd. The shares were sold at an average price of $11.92, for a total transaction of $3,557,154.48. Following the completion of the transaction, the chief executive officer now directly owns 7,171,860 shares of the company’s stock, valued at $85,488,571.20. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 6.37% of the company’s stock.

Helix Energy Solutions Group Trading Down 0.8 %

HLX stock opened at $9.18 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.29 and a quick ratio of 2.29. The company has a fifty day moving average price of $10.25 and a two-hundred day moving average price of $10.89. Helix Energy Solutions Group, Inc. has a one year low of $8.82 and a one year high of $13.05. The stock has a market cap of $1.40 billion, a price-to-earnings ratio of 229.56 and a beta of 2.41.

Helix Energy Solutions Group (NYSE:HLX) last released its quarterly earnings data on Wednesday, October 23rd. The oil and gas company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.02. Helix Energy Solutions Group had a net margin of 0.54% and a return on equity of 4.39%. The firm had revenue of $342.42 million during the quarter, compared to analysts’ expectations of $354.74 million. During the same period in the previous year, the business posted $0.19 earnings per share. Equities analysts anticipate that Helix Energy Solutions Group, Inc. will post 0.29 EPS for the current year.

About Helix Energy Solutions Group

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.