New York State Teachers Retirement System Reduces Position in Helix Energy Solutions Group, Inc. $HLX

New York State Teachers Retirement System cut its stake in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX) by 2.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 163,071 shares of the oil and gas company’s stock after selling 4,492 shares during the period. New York State Teachers Retirement System owned 0.11% of Helix Energy Solutions Group worth $1,018,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Allspring Global Investments Holdings LLC increased its position in shares of Helix Energy Solutions Group by 54.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 43,163 shares of the oil and gas company’s stock valued at $359,000 after buying an additional 15,135 shares during the period. Cetera Investment Advisers bought a new stake in shares of Helix Energy Solutions Group during the first quarter valued at about $425,000. Charles Schwab Investment Management Inc. increased its position in shares of Helix Energy Solutions Group by 6.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 2,338,193 shares of the oil and gas company’s stock valued at $19,430,000 after buying an additional 148,834 shares during the period. GSA Capital Partners LLP bought a new stake in shares of Helix Energy Solutions Group during the first quarter valued at about $1,164,000. Finally, Victory Capital Management Inc. increased its position in shares of Helix Energy Solutions Group by 42.2% during the first quarter. Victory Capital Management Inc. now owns 195,115 shares of the oil and gas company’s stock valued at $1,621,000 after buying an additional 57,947 shares during the period. 91.33% of the stock is currently owned by institutional investors.

Helix Energy Solutions Group Stock Up 2.7%

HLX stock opened at $6.63 on Thursday. The company has a current ratio of 2.19, a quick ratio of 2.19 and a debt-to-equity ratio of 0.19. The company’s 50 day moving average is $6.38 and its 200 day moving average is $6.42. The stock has a market cap of $973.81 million, a price-to-earnings ratio of 20.70 and a beta of 1.53. Helix Energy Solutions Group, Inc. has a 1-year low of $5.52 and a 1-year high of $11.48.

Helix Energy Solutions Group (NYSE:HLX) last posted its quarterly earnings data on Wednesday, October 22nd. The oil and gas company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.11). Helix Energy Solutions Group had a return on equity of 3.23% and a net margin of 3.92%.The company’s quarterly revenue was up 10.1% on a year-over-year basis. Sell-side analysts predict that Helix Energy Solutions Group, Inc. will post 0.26 EPS for the current fiscal year.

Analysts Set New Price Targets

HLX has been the topic of several analyst reports. Wall Street Zen cut Helix Energy Solutions Group from a “hold” rating to a “sell” rating in a research report on Saturday, July 26th. Zacks Research upgraded Helix Energy Solutions Group from a “strong sell” rating to a “hold” rating in a research report on Monday, September 22nd. Weiss Ratings reiterated a “sell (d+)” rating on shares of Helix Energy Solutions Group in a research report on Tuesday, October 14th. Finally, Raymond James Financial restated an “outperform” rating and issued a $9.00 price objective (down from $10.00) on shares of Helix Energy Solutions Group in a research report on Friday, July 25th. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $12.00.

About Helix Energy Solutions Group

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.