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

Teacher Retirement System of Texas bought a new stake in Helix Energy Solutions Group, Inc. (NYSE:HLX - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor bought 45,972 shares of the oil and gas company's stock, valued at approximately $382,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Sunbelt Securities Inc. bought a new stake in shares of Helix Energy Solutions Group in the 4th quarter valued at about $34,000. Quarry LP raised 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 acquiring an additional 2,120 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in Helix Energy Solutions Group in the 4th quarter valued at about $99,000. Quantinno Capital Management LP bought a new position in Helix Energy Solutions Group in the 4th quarter valued at about $110,000. Finally, Xponance Inc. bought a new position in Helix Energy Solutions Group in the 4th quarter valued at about $114,000. 91.33% of the stock is owned by institutional investors.

Helix Energy Solutions Group Price Performance

NYSE:HLX traded up $0.07 during mid-day trading on Monday, reaching $6.42. The stock had a trading volume of 1,560,547 shares, compared to its average volume of 1,788,602. The stock has a 50-day simple moving average of $6.56 and a two-hundred day simple moving average of $7.38. The stock has a market capitalization of $972.06 million, a PE ratio of 11.66 and a beta of 1.57. 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, Inc. has a 12 month low of $5.66 and a 12 month high of $12.89.

Helix Energy Solutions Group (NYSE:HLX - Get Free Report) last announced 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 for the quarter, compared to analysts' expectations of $285.06 million. Helix Energy Solutions Group had a net margin of 6.34% and a return on equity of 5.54%. On average, equities analysts anticipate that Helix Energy Solutions Group, Inc. will post 0.26 earnings per share for the current year.

Wall Street Analyst Weigh In

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

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.