Mirae Asset Global Investments Co. Ltd. Reduces Holdings in Helix Energy Solutions Group, Inc. (NYSE:HLX)

Mirae Asset Global Investments Co. Ltd. trimmed its position in shares of Helix Energy Solutions Group, Inc. (NYSE:HLXGet Rating) by 11.2% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,962,809 shares of the oil and gas company’s stock after selling 246,615 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned approximately 1.29% of Helix Energy Solutions Group worth $9,383,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in HLX. Goldman Sachs Group Inc. increased its position in shares of Helix Energy Solutions Group by 202.6% during the first quarter. Goldman Sachs Group Inc. now owns 2,177,004 shares of the oil and gas company’s stock worth $10,406,000 after purchasing an additional 1,457,577 shares in the last quarter. Van ECK Associates Corp grew its holdings in Helix Energy Solutions Group by 12.4% in the 1st quarter. Van ECK Associates Corp now owns 7,405,849 shares of the oil and gas company’s stock valued at $35,400,000 after buying an additional 815,060 shares in the last quarter. State Street Corp grew its holdings in Helix Energy Solutions Group by 12.4% in the 1st quarter. State Street Corp now owns 7,200,373 shares of the oil and gas company’s stock valued at $34,418,000 after buying an additional 794,783 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Helix Energy Solutions Group by 157.0% in the 1st quarter. JPMorgan Chase & Co. now owns 1,173,934 shares of the oil and gas company’s stock valued at $5,611,000 after buying an additional 717,074 shares in the last quarter. Finally, Vanguard Group Inc. grew its holdings in Helix Energy Solutions Group by 4.6% in the 1st quarter. Vanguard Group Inc. now owns 13,199,356 shares of the oil and gas company’s stock valued at $63,094,000 after buying an additional 579,466 shares in the last quarter. 91.32% of the stock is currently owned by hedge funds and other institutional investors.

Helix Energy Solutions Group Stock Performance

NYSE HLX opened at $4.38 on Wednesday. The stock has a market cap of $664.57 million, a PE ratio of -5.62 and a beta of 2.85. The company has a current ratio of 2.09, a quick ratio of 2.09 and a debt-to-equity ratio of 0.17. Helix Energy Solutions Group, Inc. has a twelve month low of $2.47 and a twelve month high of $5.78. The stock has a fifty day simple moving average of $3.91 and a 200-day simple moving average of $4.18.

Helix Energy Solutions Group (NYSE:HLXGet Rating) last posted its earnings results on Monday, July 25th. The oil and gas company reported ($0.14) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.16) by $0.02. Helix Energy Solutions Group had a negative return on equity of 7.24% and a negative net margin of 17.62%. During the same quarter last year, the business posted ($0.09) EPS. Equities analysts anticipate that Helix Energy Solutions Group, Inc. will post -0.5 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Evercore ISI upgraded Helix Energy Solutions Group from an “in-line” rating to an “outperform” rating and upped their target price for the company from $6.00 to $8.00 in a report on Wednesday, July 27th. StockNews.com cut Helix Energy Solutions Group from a “hold” rating to a “sell” rating in a report on Saturday, August 20th. Cowen upped their target price on Helix Energy Solutions Group from $6.50 to $7.50 and gave the company an “outperform” rating in a report on Wednesday, July 27th. Capital One Financial increased their price target on Helix Energy Solutions Group to $6.00 and gave the stock an “outperform” rating in a report on Wednesday, July 27th. Finally, Cowen increased their price target on Helix Energy Solutions Group from $6.50 to $7.50 in a report on Wednesday, July 27th. One analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Helix Energy Solutions Group currently has an average rating of “Moderate Buy” and a consensus target price of $7.25.

Helix Energy Solutions Group Company Profile

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Helix Energy Solutions Group, Inc, an offshore energy services company, provides specialty services to the offshore energy industry primarily in Brazil, the Gulf of Mexico, North Sea, the Asia Pacific, and West Africa regions. The company operates through three segments: Well Intervention, Robotics, and Production Facilities.

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Institutional Ownership by Quarter for Helix Energy Solutions Group (NYSE:HLX)

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