Van ECK Associates Corp Has $23.82 Million Stock Position in Helix Energy Solutions Group, Inc. $HLX

Van ECK Associates Corp reduced its holdings in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX) by 5.2% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,725,573 shares of the oil and gas company’s stock after selling 149,948 shares during the quarter. Van ECK Associates Corp’s holdings in Helix Energy Solutions Group were worth $23,822,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. acquired a new position in Helix Energy Solutions Group during the second quarter worth about $198,670,000. Millennium Management LLC lifted its holdings in shares of Helix Energy Solutions Group by 893.7% in the third quarter. Millennium Management LLC now owns 4,025,701 shares of the oil and gas company’s stock worth $26,409,000 after acquiring an additional 3,620,563 shares during the last quarter. Invesco Ltd. boosted its stake in shares of Helix Energy Solutions Group by 219.2% in the 2nd quarter. Invesco Ltd. now owns 3,198,950 shares of the oil and gas company’s stock valued at $19,961,000 after purchasing an additional 2,196,916 shares in the last quarter. Adage Capital Partners GP L.L.C. acquired a new stake in shares of Helix Energy Solutions Group in the 2nd quarter valued at approximately $10,296,000. Finally, Hotchkis & Wiley Capital Management LLC bought a new stake in shares of Helix Energy Solutions Group during the 3rd quarter valued at approximately $6,855,000. Institutional investors own 91.33% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on HLX shares. Wall Street Zen cut shares of Helix Energy Solutions Group from a “buy” rating to a “hold” rating in a research report on Sunday, August 16th. Weiss Ratings upgraded shares of Helix Energy Solutions Group from a “sell (d+)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Helix Energy Solutions Group currently has a consensus rating of “Hold” and an average price target of $14.00.

Helix Energy Solutions Group Price Performance

Shares of HLX opened at $10.14 on Monday. Helix Energy Solutions Group, Inc. has a 12-month low of $6.03 and a 12-month high of $10.75. The business has a 50-day simple moving average of $9.50 and a two-hundred day simple moving average of $9.51. The company has a quick ratio of 3.47, a current ratio of 3.47 and a debt-to-equity ratio of 0.19. The stock has a market cap of $1.49 billion, a PE ratio of 37.56 and a beta of 1.14.

Helix Energy Solutions Group (NYSE:HLX) last posted its earnings results on Thursday, August 6th. The oil and gas company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.08 by $0.02. Helix Energy Solutions Group had a return on equity of 2.95% and a net margin of 3.04%.The firm had revenue of $304.02 million during the quarter, compared to the consensus estimate of $314.56 million. Analysts anticipate that Helix Energy Solutions Group, Inc. will post 0.28 earnings per share for the current fiscal 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.