UBS Group AG Sells 313,430 Shares of Helix Energy Solutions Group, Inc. $HLX

UBS Group AG trimmed its position in Helix Energy Solutions Group, Inc. (NYSE:HLX) by 29.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 735,712 shares of the oil and gas company’s stock after selling 313,430 shares during the period. UBS Group AG’s holdings in Helix Energy Solutions Group were worth $4,613,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Helix Energy Solutions Group by 40.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 39,941 shares of the oil and gas company’s stock worth $250,000 after acquiring an additional 11,600 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Helix Energy Solutions Group by 9.0% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 28,961 shares of the oil and gas company’s stock worth $182,000 after acquiring an additional 2,392 shares during the last quarter. Oak Thistle LLC bought a new stake in shares of Helix Energy Solutions Group during the 4th quarter worth $104,000. Aaron Wealth Advisors LLC bought a new stake in shares of Helix Energy Solutions Group during the 4th quarter worth $74,000. Finally, Allspring Global Investments Holdings LLC lifted its holdings in shares of Helix Energy Solutions Group by 39.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 56,245 shares of the oil and gas company’s stock worth $360,000 after acquiring an additional 15,841 shares during the last quarter. 91.33% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on HLX. TD Cowen lifted their price objective on shares of Helix Energy Solutions Group from $13.00 to $14.00 and gave the stock a “buy” rating in a report on Friday, April 24th. Weiss Ratings downgraded shares of Helix Energy Solutions Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, April 27th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Helix Energy Solutions Group has an average rating of “Hold” and a consensus target price of $11.50.

Helix Energy Solutions Group Price Performance

Shares of NYSE:HLX opened at $10.06 on Friday. The stock has a market cap of $1.48 billion, a PE ratio of 100.56 and a beta of 1.16. The company’s fifty day moving average is $9.75 and its 200 day moving average is $8.26. Helix Energy Solutions Group, Inc. has a 52 week low of $5.52 and a 52 week high of $10.75. 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 (NYSE:HLX) last issued its earnings results on Wednesday, April 22nd. The oil and gas company reported ($0.09) EPS for the quarter, hitting analysts’ consensus estimates of ($0.09). The company 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%. The business’s revenue was up 3.6% on a year-over-year basis. Research analysts anticipate that Helix Energy Solutions Group, Inc. will post 0.33 earnings per share 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.