Arizona State Retirement System Has $484,000 Stake in Helix Energy Solutions Group, Inc. (NYSE:HLX)

Arizona State Retirement System increased its holdings in Helix Energy Solutions Group, Inc. (NYSE:HLX) by 3.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,535 shares of the oil and gas company’s stock after buying an additional 1,187 shares during the period. Arizona State Retirement System’s holdings in Helix Energy Solutions Group were worth $484,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HLX. Vanguard Group Inc. increased its stake in Helix Energy Solutions Group by 1.2% in the first quarter. Vanguard Group Inc. now owns 13,366,874 shares of the oil and gas company’s stock valued at $144,897,000 after acquiring an additional 152,413 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Helix Energy Solutions Group by 4.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 10,906,292 shares of the oil and gas company’s stock worth $112,118,000 after buying an additional 489,105 shares during the last quarter. Wellington Management Group LLP grew its stake in shares of Helix Energy Solutions Group by 99.9% during the fourth quarter. Wellington Management Group LLP now owns 3,107,643 shares of the oil and gas company’s stock worth $31,947,000 after buying an additional 1,552,693 shares during the last quarter. Assenagon Asset Management S.A. grew its stake in shares of Helix Energy Solutions Group by 74.1% during 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 last quarter. Finally, Public Employees Retirement Association of Colorado grew its stake in shares of Helix Energy Solutions Group by 33,636.3% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 1,902,392 shares of the oil and gas company’s stock worth $19,557,000 after buying an additional 1,896,753 shares during the last quarter. 91.33% of the stock is currently owned by institutional investors and hedge funds.

Helix Energy Solutions Group Trading Up 2.3 %

NYSE:HLX opened at $9.70 on Tuesday. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.08 and a quick ratio of 2.08. The firm has a 50-day moving average of $11.09 and a 200-day moving average of $10.98. The company has a market cap of $1.48 billion, a PE ratio of -45.76 and a beta of 2.42. Helix Energy Solutions Group, Inc. has a one year low of $8.82 and a one year high of $13.05.

Helix Energy Solutions Group (NYSE:HLX) last issued its quarterly earnings data on Wednesday, July 24th. The oil and gas company reported $0.21 earnings per share (EPS) for the quarter, topping 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 business had revenue of $364.80 million during the quarter, compared to the consensus estimate of $353.19 million. During the same period in the prior year, the firm posted $0.11 EPS.

Insider Activity at Helix Energy Solutions Group

In related news, Director Diana Glassman sold 2,864 shares of the company’s stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $10.49, for a total transaction of $30,043.36. Following the sale, the director now directly owns 42,133 shares in the company, valued at approximately $441,975.17. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 6.37% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Separately, TD Cowen boosted their price objective on shares of 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.

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.