Victory Capital Management Inc. Sells 89,517 Shares of Helix Energy Solutions Group, Inc. (NYSE:HLX)

Victory Capital Management Inc. decreased its position in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX) by 63.0% during the second quarter, Holdings Channel reports. The fund owned 52,468 shares of the oil and gas company’s stock after selling 89,517 shares during the period. Victory Capital Management Inc.’s holdings in Helix Energy Solutions Group were worth $626,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in HLX. Pineridge Advisors LLC bought a new stake in shares of Helix Energy Solutions Group in the fourth quarter worth about $54,000. Lindbrook Capital LLC lifted its holdings in Helix Energy Solutions Group by 1,037.6% during the first quarter. Lindbrook Capital LLC now owns 5,563 shares of the oil and gas company’s stock worth $60,000 after buying an additional 5,074 shares during the period. GAMMA Investing LLC lifted its holdings in Helix Energy Solutions Group by 24.0% during the second quarter. GAMMA Investing LLC now owns 6,379 shares of the oil and gas company’s stock worth $76,000 after buying an additional 1,236 shares during the period. CWM LLC lifted its holdings in shares of Helix Energy Solutions Group by 10.4% during the 2nd quarter. CWM LLC now owns 9,043 shares of the oil and gas company’s stock valued at $108,000 after purchasing an additional 850 shares during the last quarter. Finally, Counterpoint Mutual Funds LLC acquired a new position in shares of Helix Energy Solutions Group in the 1st quarter valued at $135,000. 91.33% of the stock is currently owned by hedge funds and other institutional investors.

Helix Energy Solutions Group Trading Down 0.6 %

Shares of Helix Energy Solutions Group stock opened at $10.33 on Monday. Helix Energy Solutions Group, Inc. has a 52-week low of $8.82 and a 52-week high of $13.05. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 0.21. The company’s 50-day simple moving average is $10.90 and its 200-day simple moving average is $11.00. The firm has a market cap of $1.57 billion, a price-to-earnings ratio of -49.19 and a beta of 2.42.

Helix Energy Solutions Group (NYSE:HLX) last announced its quarterly earnings data on Wednesday, July 24th. The oil and gas company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.03. Helix Energy Solutions Group had a negative net margin of 0.49% and a positive return on equity of 4.35%. The business had revenue of $364.80 million for the quarter, compared to the consensus estimate of $353.19 million. During the same quarter in the prior year, the firm posted $0.11 earnings per share.

Wall Street Analyst Weigh In

HLX has been the topic of several recent analyst reports. Raymond James started coverage on shares of Helix Energy Solutions Group in a research note on Thursday. They set a “strong-buy” rating and a $14.00 target price on the stock. TD Cowen boosted their price target on shares of Helix Energy Solutions Group from $15.00 to $16.00 and gave the stock a “buy” rating in a research note on Tuesday, June 25th.

Helix Energy Solutions Group Profile

Helix Energy Solutions Group, Inc, together with its subsidiaries, an offshore energy services company, provides specialty services to the offshore energy industry in Brazil, the Gulf of Mexico, the East Coast of the United States, North Sea, the Asia Pacific, and West Africa regions. The company operates through four segments: Well Intervention, Robotics, Production Facilities, and Shallow Water Abandonment segments.