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

Gate City Capital Management LLC cut its holdings in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX) by 23.5% during the 4th quarter, Holdings Channel reports. The firm owned 1,872,195 shares of the oil and gas company’s stock after selling 575,000 shares during the period. Helix Energy Solutions Group makes up 5.1% of Gate City Capital Management LLC’s holdings, making the stock its 9th largest holding. Gate City Capital Management LLC’s holdings in Helix Energy Solutions Group were worth $11,739,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in HLX. AQR Capital Management LLC increased its holdings in shares of Helix Energy Solutions Group by 530.1% during the first quarter. AQR Capital Management LLC now owns 235,208 shares of the oil and gas company’s stock worth $1,955,000 after purchasing an additional 197,882 shares during the period. Caxton Associates LLP bought a new position in shares of Helix Energy Solutions Group during the first quarter worth approximately $184,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Helix Energy Solutions Group by 9.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 373,201 shares of the oil and gas company’s stock worth $3,101,000 after purchasing an additional 32,643 shares during the period. Jane Street Group LLC increased its holdings in shares of Helix Energy Solutions Group by 1,836.3% during the first quarter. Jane Street Group LLC now owns 378,195 shares of the oil and gas company’s stock worth $3,143,000 after purchasing an additional 358,663 shares during the period. Finally, Strs Ohio bought a new position in shares of Helix Energy Solutions Group during the first quarter worth approximately $89,000. 91.33% of the stock is owned by institutional investors.

Helix Energy Solutions Group Stock Performance

Shares of Helix Energy Solutions Group stock opened at $9.21 on Wednesday. Helix Energy Solutions Group, Inc. has a fifty-two week low of $5.52 and a fifty-two week high of $10.75. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.92 and a quick ratio of 2.92. The firm has a market capitalization of $1.36 billion, a P/E ratio of 92.08 and a beta of 1.11. 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 issued its earnings results on Wednesday, April 22nd. The oil and gas company reported ($0.09) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.09). Helix Energy Solutions Group had a net margin of 1.10% and a return on equity of 1.82%. The firm had revenue of $287.95 million for the quarter, compared to analyst estimates of $260.89 million. The company’s quarterly revenue was up 3.6% compared to the same quarter last year. On average, equities analysts forecast that Helix Energy Solutions Group, Inc. will post 0.33 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently commented on HLX shares. TD Cowen raised their target price 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 cut shares of Helix Energy Solutions Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, April 27th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Helix Energy Solutions Group has a consensus rating of “Hold” and a consensus target price of $11.50.

Helix Energy Solutions Group Company 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.