Teacher Retirement System of Texas Acquires Shares of 45,972 Helix Energy Solutions Group, Inc. (NYSE:HLX)

Teacher Retirement System of Texas bought a new position in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX) during the 1st quarter, according to the company in its most recent filing with the SEC. The fund bought 45,972 shares of the oil and gas company’s stock, valued at approximately $382,000.

Several other hedge funds have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC grew its position in shares of Helix Energy Solutions Group by 54.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 43,163 shares of the oil and gas company’s stock valued at $359,000 after purchasing an additional 15,135 shares during the period. SG Americas Securities LLC boosted its stake in Helix Energy Solutions Group by 8.2% in the first quarter. SG Americas Securities LLC now owns 69,460 shares of the oil and gas company’s stock valued at $577,000 after acquiring an additional 5,251 shares during the period. Wellington Management Group LLP raised its holdings in shares of Helix Energy Solutions Group by 13.7% during 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. Acuitas Investments LLC raised its holdings in Helix Energy Solutions Group by 21.1% during the first quarter. Acuitas Investments LLC now owns 416,006 shares of the oil and gas company’s stock worth $3,457,000 after purchasing an additional 72,604 shares in the last quarter. Finally, Exchange Traded Concepts LLC raised its holdings in Helix Energy Solutions Group by 420.9% during the first quarter. Exchange Traded Concepts LLC now owns 32,525 shares of the oil and gas company’s stock worth $270,000 after purchasing an additional 26,281 shares in the last quarter. 91.33% of the stock is owned by hedge funds and other institutional investors.

Helix Energy Solutions Group Price Performance

HLX opened at $6.39 on Friday. The company has a fifty day moving average price of $6.57 and a two-hundred day moving average price of $7.43. The firm has a market capitalization of $967.67 million, a PE ratio of 11.61 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 quick ratio of 2.28 and a current ratio of 2.28.

Helix Energy Solutions Group (NYSE:HLX) last issued its quarterly earnings results on Wednesday, April 23rd. The oil and gas company reported $0.02 EPS for the quarter, topping the consensus estimate of ($0.05) by $0.07. The firm 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%. As a group, analysts anticipate that Helix Energy Solutions Group, Inc. will post 0.26 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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.

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.