Helix Energy Solutions Group, Inc. (NYSE:HLX) Shares Sold by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado trimmed its holdings in Helix Energy Solutions Group, Inc. (NYSE:HLX) by 1.0% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,882,955 shares of the oil and gas company’s stock after selling 19,437 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Helix Energy Solutions Group were worth $20,411,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Wellington Management Group LLP boosted its holdings in shares of Helix Energy Solutions Group by 99.9% in the fourth quarter. Wellington Management Group LLP now owns 3,107,643 shares of the oil and gas company’s stock valued at $31,947,000 after acquiring an additional 1,552,693 shares during the period. Gate City Capital Management LLC acquired a new stake in shares of Helix Energy Solutions Group in the fourth quarter valued at approximately $8,474,000. Dimensional Fund Advisors LP boosted its holdings in shares of Helix Energy Solutions Group by 4.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 10,906,292 shares of the oil and gas company’s stock valued at $112,118,000 after acquiring an additional 489,105 shares during the period. Glenorchy Capital Ltd purchased a new stake in shares of Helix Energy Solutions Group during the fourth quarter worth approximately $2,695,000. Finally, Forge First Asset Management Inc. raised its stake in shares of Helix Energy Solutions Group by 43.7% during the first quarter. Forge First Asset Management Inc. now owns 717,961 shares of the oil and gas company’s stock worth $7,783,000 after purchasing an additional 218,461 shares during the last quarter. 91.33% of the stock is owned by institutional investors and hedge funds.

Helix Energy Solutions Group Stock Performance

Shares of Helix Energy Solutions Group stock traded down $0.96 during trading hours on Monday, hitting $11.48. 1,682,494 shares of the company were exchanged, compared to its average volume of 1,782,439. Helix Energy Solutions Group, Inc. has a 1 year low of $8.82 and a 1 year high of $13.05. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of 0.21. The business has a 50-day moving average of $11.51 and a 200-day moving average of $10.76. The stock has a market capitalization of $1.75 billion, a price-to-earnings ratio of -55.90 and a beta of 2.45.

Helix Energy Solutions Group (NYSE:HLX) last released its quarterly earnings data on Wednesday, July 24th. The oil and gas company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.03. The firm had revenue of $364.80 million during the quarter, compared to analysts’ expectations of $353.19 million. Helix Energy Solutions Group had a positive return on equity of 4.35% and a negative net margin of 0.49%. During the same quarter in the prior year, the business posted $0.11 earnings per share. As a group, analysts expect that Helix Energy Solutions Group, Inc. will post 0.39 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, TD Cowen upped their price target on Helix Energy Solutions Group from $15.00 to $16.00 and gave the stock a “buy” rating in a research note on Tuesday, June 25th.

Insiders Place Their Bets

In other Helix Energy Solutions Group news, Director Diana Glassman sold 2,864 shares of the stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $10.49, for a total value of $30,043.36. Following the completion of the transaction, the director now owns 42,133 shares in the company, valued at $441,975.17. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Diana Glassman sold 2,864 shares of the firm’s stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $10.49, for a total value of $30,043.36. Following the completion of the transaction, the director now owns 42,133 shares in the company, valued at $441,975.17. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, COO Scott Andrew Sparks sold 12,000 shares of the firm’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $11.44, for a total value of $137,280.00. Following the completion of the transaction, the chief operating officer now owns 282,634 shares of the company’s stock, valued at approximately $3,233,332.96. The disclosure for this sale can be found here. Over the last quarter, insiders sold 164,264 shares of company stock worth $1,932,544. 6.37% of the stock is owned by corporate insiders.

Helix Energy Solutions Group Company 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.