Helix Energy Solutions Group, Inc. $HLX Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC decreased its position in Helix Energy Solutions Group, Inc. (NYSE:HLX) by 82.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,954 shares of the oil and gas company’s stock after selling 64,456 shares during the quarter. Hsbc Holdings PLC’s holdings in Helix Energy Solutions Group were worth $140,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Quarry LP purchased a new stake in shares of Helix Energy Solutions Group in the 4th quarter valued at $27,000. Royal Bank of Canada grew its position in Helix Energy Solutions Group by 175.9% in the 4th quarter. Royal Bank of Canada now owns 6,993 shares of the oil and gas company’s stock valued at $44,000 after acquiring an additional 4,458 shares in the last quarter. Aaron Wealth Advisors LLC acquired a new position in Helix Energy Solutions Group in the 4th quarter valued at about $74,000. XTX Topco Ltd purchased a new stake in Helix Energy Solutions Group during the second quarter worth about $80,000. Finally, Inscription Capital LLC purchased a new stake in Helix Energy Solutions Group during the fourth quarter worth about $83,000. 91.33% of the stock is currently owned by institutional investors and hedge funds.

Helix Energy Solutions Group Stock Performance

Shares of HLX opened at $9.62 on Wednesday. Helix Energy Solutions Group, Inc. has a 1 year low of $5.58 and a 1 year high of $10.75. The stock has a market capitalization of $1.42 billion, a PE ratio of 96.24 and a beta of 1.14. 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 stock has a 50-day simple moving average of $9.25 and a 200-day simple moving average of $9.21.

Analysts Set New Price Targets

Several research firms have recently commented on HLX. TD Cowen raised their price objective on shares of 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. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Helix Energy Solutions Group in a research note on Friday, July 24th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $14.00.

About Helix Energy Solutions Group

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.