New York State Teachers Retirement System Lowers Stake in Helix Energy Solutions Group, Inc. (NYSE:HLX)

New York State Teachers Retirement System cut its stake in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX - Free Report) by 26.2% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 167,563 shares of the oil and gas company's stock after selling 59,600 shares during the period. New York State Teachers Retirement System owned about 0.11% of Helix Energy Solutions Group worth $1,392,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Sunbelt Securities Inc. purchased a new position in shares of Helix Energy Solutions Group in the fourth quarter valued at approximately $34,000. Quarry LP lifted its holdings in Helix Energy Solutions Group by 79.8% in the 4th quarter. Quarry LP now owns 4,776 shares of the oil and gas company's stock valued at $45,000 after purchasing an additional 2,120 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in Helix Energy Solutions Group by 143.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 4,930 shares of the oil and gas company's stock worth $45,000 after purchasing an additional 2,902 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in Helix Energy Solutions Group during the 4th quarter worth $99,000. Finally, Quantinno Capital Management LP purchased a new stake in shares of Helix Energy Solutions Group during the fourth quarter worth $110,000. 91.33% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Raymond James Financial downgraded shares of Helix Energy Solutions Group from a "strong-buy" rating to an "outperform" rating and cut their price objective for the company from $14.00 to $10.00 in a report on Friday, April 25th.

Helix Energy Solutions Group Trading Down 2.3%

Helix Energy Solutions Group stock traded down $0.16 during midday trading on Thursday, hitting $6.69. 2,411,175 shares of the stock were exchanged, compared to its average volume of 1,789,160. The company has a current ratio of 2.28, a quick ratio of 2.28 and a debt-to-equity ratio of 0.20. The stock's 50-day simple moving average is $6.58 and its 200 day simple moving average is $7.55. Helix Energy Solutions Group, Inc. has a fifty-two week low of $5.66 and a fifty-two week high of $13.05. The stock has a market capitalization of $1.01 billion, a price-to-earnings ratio of 12.16 and a beta of 1.57.

Helix Energy Solutions Group (NYSE:HLX - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The oil and gas company reported $0.02 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.05) by $0.07. Helix Energy Solutions Group had a net margin of 6.34% and a return on equity of 5.54%. The business had revenue of $278.06 million during the quarter, compared to the consensus estimate of $285.06 million. On average, equities analysts anticipate that Helix Energy Solutions Group, Inc. will post 0.26 EPS for the current year.

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.