Empowered Funds LLC Sells 75,959 Shares of Helix Energy Solutions Group, Inc. $HLX

Empowered Funds LLC trimmed its position in Helix Energy Solutions Group, Inc. (NYSE:HLX) by 12.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 553,380 shares of the oil and gas company’s stock after selling 75,959 shares during the quarter. Empowered Funds LLC’s holdings in Helix Energy Solutions Group were worth $5,473,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. The Manufacturers Life Insurance Company boosted its position in shares of Helix Energy Solutions Group by 42.5% in the first quarter. The Manufacturers Life Insurance Company now owns 60,160 shares of the oil and gas company’s stock valued at $595,000 after acquiring an additional 17,948 shares during the period. Maverick Capital Ltd. bought a new position in shares of Helix Energy Solutions Group in the first quarter worth approximately $749,000. Quantinno Capital Management LP increased its holdings in shares of Helix Energy Solutions Group by 27.9% in the 1st quarter. Quantinno Capital Management LP now owns 70,006 shares of the oil and gas company’s stock worth $692,000 after buying an additional 15,262 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its stake in Helix Energy Solutions Group by 71.2% in the first quarter. Arrowstreet Capital Limited Partnership now owns 577,979 shares of the oil and gas company’s stock valued at $5,716,000 after acquiring an additional 240,414 shares during the last quarter. Finally, Inceptionr LLC bought a new position in shares of Helix Energy Solutions Group during the 1st quarter valued at about $204,000. 91.33% of the stock is owned by hedge funds and other institutional investors.

Helix Energy Solutions Group Price Performance

Shares of NYSE HLX opened at $9.51 on Friday. Helix Energy Solutions Group, Inc. has a fifty-two week low of $5.58 and a fifty-two week high of $10.75. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.92 and a current ratio of 2.92. The company has a market capitalization of $1.40 billion, a price-to-earnings ratio of 95.05 and a beta of 1.12. The company has a 50 day simple moving average of $9.27 and a two-hundred day simple moving average of $9.17.

Analysts Set New Price Targets

HLX has been the topic of several recent research reports. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Helix Energy Solutions Group in a report on Friday, July 24th. TD Cowen boosted their target price on Helix Energy Solutions Group from $13.00 to $14.00 and gave the company a “buy” rating in a research note on Friday, April 24th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Helix Energy Solutions Group has an average rating of “Hold” and a consensus price target of $14.00.

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.