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

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

A number of other hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in Helix Energy Solutions Group by 2.5% in the fourth quarter. Vanguard Group Inc. now owns 14,049,438 shares of the oil and gas company's stock valued at $130,941,000 after buying an additional 343,673 shares during the last quarter. American Century Companies Inc. lifted its stake in Helix Energy Solutions Group by 10.2% in the fourth quarter. American Century Companies Inc. now owns 4,727,037 shares of the oil and gas company's stock valued at $44,056,000 after buying an additional 437,814 shares during the last quarter. Encompass Capital Advisors LLC lifted its stake in Helix Energy Solutions Group by 66.2% in the fourth quarter. Encompass Capital Advisors LLC now owns 4,103,295 shares of the oil and gas company's stock valued at $38,243,000 after buying an additional 1,634,764 shares during the last quarter. Wellington Management Group LLP lifted its stake in Helix Energy Solutions Group by 13.7% in the fourth quarter. Wellington Management Group LLP now owns 3,282,202 shares of the oil and gas company's stock valued at $30,590,000 after buying an additional 396,666 shares during the last quarter. Finally, Systematic Financial Management LP lifted its stake in Helix Energy Solutions Group by 17.1% in the fourth quarter. Systematic Financial Management LP now owns 2,905,836 shares of the oil and gas company's stock valued at $27,082,000 after buying an additional 425,071 shares during the last quarter. 91.33% of the stock is currently owned by institutional investors.

Helix Energy Solutions Group Price Performance

HLX stock traded down $0.14 during trading on Friday, hitting $6.55. The company had a trading volume of 1,836,209 shares, compared to its average volume of 1,796,068. The firm has a market capitalization of $992.52 million, a price-to-earnings ratio of 11.91 and a beta of 1.57. The business has a 50 day moving average of $6.59 and a 200 day moving average of $7.50. Helix Energy Solutions Group, Inc. has a fifty-two week low of $5.66 and a fifty-two week high of $13.05. The company has a current ratio of 2.28, a quick ratio of 2.28 and a debt-to-equity ratio of 0.20.

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

Analyst Ratings Changes

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