Public Employees Retirement Association of Colorado Sells 4,403 Shares of Helix Energy Solutions Group, Inc. (NYSE:HLX)

Public Employees Retirement Association of Colorado lessened its stake in Helix Energy Solutions Group, Inc. (NYSE:HLX) by 0.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund 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 owned about 1.23% of Helix Energy Solutions Group worth $22,430,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Russell Investments Group Ltd. lifted its position in Helix Energy Solutions Group by 95.2% in the first quarter. Russell Investments Group Ltd. now owns 308,892 shares of the oil and gas company’s stock valued at $3,348,000 after purchasing an additional 150,657 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in shares of Helix Energy Solutions Group by 74.1% in the second quarter. Assenagon Asset Management S.A. now owns 2,314,924 shares of the oil and gas company’s stock worth $27,640,000 after buying an additional 985,101 shares during the period. ARGA Investment Management LP bought a new stake in Helix Energy Solutions Group during the 1st quarter valued at $861,000. CANADA LIFE ASSURANCE Co boosted its position in Helix Energy Solutions Group by 35.6% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 236,168 shares of the oil and gas company’s stock valued at $2,560,000 after buying an additional 61,963 shares during the period. Finally, First Eagle Investment Management LLC grew its holdings in Helix Energy Solutions Group by 14.2% in the 1st quarter. First Eagle Investment Management LLC now owns 325,758 shares of the oil and gas company’s stock worth $3,531,000 after acquiring an additional 40,500 shares during the last quarter. 91.33% of the stock is currently owned by hedge funds and other institutional investors.

Helix Energy Solutions Group Stock Performance

NYSE:HLX opened at $10.34 on Friday. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 0.21. The firm’s fifty day simple moving average is $10.90 and its 200 day simple moving average is $10.98. The stock has a market cap of $1.58 billion, a P/E ratio of -49.21 and a beta of 2.42. Helix Energy Solutions Group, Inc. has a twelve month low of $8.82 and a twelve month high of $13.05.

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

Analyst Ratings Changes

Several brokerages have recently commented on HLX. TD Cowen upped their price objective on shares of Helix Energy Solutions Group from $15.00 to $16.00 and gave the company a “buy” rating in a research note on Tuesday, June 25th. Raymond James assumed coverage on Helix Energy Solutions Group in a research report on Thursday. They set a “strong-buy” rating and a $14.00 price target for the company.

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.