Teacher Retirement System of Texas Invests $382,000 in Helix Energy Solutions Group, Inc. (NYSE:HLX)

Teacher Retirement System of Texas acquired a new stake in Helix Energy Solutions Group, Inc. (NYSE:HLX - Free Report) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 45,972 shares of the oil and gas company's stock, valued at approximately $382,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Sunbelt Securities Inc. acquired a new position in shares of Helix Energy Solutions Group in the fourth quarter valued at $34,000. Quarry LP grew its stake in shares of Helix Energy Solutions Group by 79.8% in the fourth quarter. Quarry LP now owns 4,776 shares of the oil and gas company's stock valued at $45,000 after acquiring an additional 2,120 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of Helix Energy Solutions Group in the fourth quarter valued at about $99,000. Quantinno Capital Management LP acquired a new position in shares of Helix Energy Solutions Group in the fourth quarter valued at about $110,000. Finally, Xponance Inc. acquired a new position in shares of Helix Energy Solutions Group in the fourth quarter valued at about $114,000. 91.33% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Helix Energy Solutions Group Trading Down 0.2%

NYSE HLX traded down $0.01 during trading hours on Friday, reaching $6.37. The company's stock had a trading volume of 1,219,975 shares, compared to its average volume of 1,791,530. The firm has a fifty day simple moving average of $6.56 and a 200-day simple moving average of $7.41. The stock has a market cap of $965.25 million, a P/E ratio of 11.58 and a beta of 1.57. Helix Energy Solutions Group, Inc. has a 52 week low of $5.66 and a 52 week high of $12.91. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.28 and a quick ratio of 2.28.

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