Public Employees Retirement Association of Colorado Lowers Stock Position in Helix Energy Solutions Group, Inc. (NYSE:HLX)

Public Employees Retirement Association of Colorado lessened its holdings in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX) by 0.2% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 1,878,552 shares of the oil and gas company’s stock after selling 4,403 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Helix Energy Solutions Group were worth $22,430,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. CWM LLC raised its stake in Helix Energy Solutions Group by 10.4% during the second quarter. CWM LLC now owns 9,043 shares of the oil and gas company’s stock valued at $108,000 after buying an additional 850 shares during the last quarter. Arizona State Retirement System increased its holdings in shares of Helix Energy Solutions Group by 3.0% during the second quarter. Arizona State Retirement System now owns 40,535 shares of the oil and gas company’s stock valued at $484,000 after acquiring an additional 1,187 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Helix Energy Solutions Group by 24.0% in the 2nd quarter. GAMMA Investing LLC now owns 6,379 shares of the oil and gas company’s stock worth $76,000 after purchasing an additional 1,236 shares during the last quarter. Bleakley Financial Group LLC boosted its stake in Helix Energy Solutions Group by 10.2% in the 1st quarter. Bleakley Financial Group LLC now owns 15,039 shares of the oil and gas company’s stock worth $163,000 after purchasing an additional 1,391 shares in the last quarter. Finally, Meeder Advisory Services Inc. grew its position in Helix Energy Solutions Group by 9.5% during the 2nd quarter. Meeder Advisory Services Inc. now owns 16,618 shares of the oil and gas company’s stock valued at $198,000 after purchasing an additional 1,445 shares during the last quarter. 91.33% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have issued reports on HLX shares. TD Cowen lifted their target price on shares of Helix Energy Solutions Group from $15.00 to $16.00 and gave the stock a “buy” rating in a report on Tuesday, June 25th. Raymond James started coverage on shares of Helix Energy Solutions Group in a report on Thursday. They issued a “strong-buy” rating and a $14.00 price objective for the company.

Helix Energy Solutions Group Price Performance

NYSE HLX opened at $10.34 on Friday. Helix Energy Solutions Group, Inc. has a one year low of $8.82 and a one year high of $13.05. The stock has a 50-day moving average of $10.90 and a 200 day moving average of $10.98. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.08 and a current ratio of 2.08. The company has a market capitalization of $1.58 billion, a price-to-earnings ratio of -49.21 and a beta of 2.42.

Helix Energy Solutions Group (NYSE:HLX) last announced its quarterly earnings results on Wednesday, July 24th. The oil and gas company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $364.80 million during the quarter, compared to analyst estimates of $353.19 million. During the same period in the previous year, the business posted $0.11 earnings per share.

Helix Energy Solutions Group Company 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.