Public Employees Retirement Association of Colorado Has $20.41 Million Stock Position in Helix Energy Solutions Group, Inc. (NYSE:HLX)

Public Employees Retirement Association of Colorado reduced its stake in Helix Energy Solutions Group, Inc. (NYSE:HLX) by 1.0% during the 1st quarter, according to its most recent 13F filing with the Securities and 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 owned 1.24% of Helix Energy Solutions Group worth $20,411,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in HLX. GAMMA Investing LLC bought a new stake in Helix Energy Solutions Group in the 4th quarter valued at $44,000. Pineridge Advisors LLC bought a new stake in Helix Energy Solutions Group in the 4th quarter valued at $54,000. Lindbrook Capital LLC lifted its position in Helix Energy Solutions Group by 1,037.6% during the 1st quarter. Lindbrook Capital LLC now owns 5,563 shares of the oil and gas company’s stock worth $60,000 after buying an additional 5,074 shares in the last quarter. Counterpoint Mutual Funds LLC bought a new stake in Helix Energy Solutions Group during the 1st quarter worth about $135,000. Finally, Syon Capital LLC bought a new stake in Helix Energy Solutions Group during the 4th quarter worth about $138,000. 91.33% of the stock is owned by institutional investors.

Insider Activity at Helix Energy Solutions Group

In other Helix Energy Solutions Group news, COO Scott Andrew Sparks sold 12,000 shares of the stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $11.44, for a total value of $137,280.00. Following the transaction, the chief operating officer now directly owns 282,634 shares of the company’s stock, valued at approximately $3,233,332.96. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Helix Energy Solutions Group news, COO Scott Andrew Sparks sold 12,000 shares of the stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $11.44, for a total value of $137,280.00. Following the transaction, the chief operating officer now directly owns 282,634 shares of the company’s stock, valued at approximately $3,233,332.96. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Owen E. Kratz sold 141,879 shares of the stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $11.83, for a total transaction of $1,678,428.57. Following the completion of the transaction, the chief executive officer now directly owns 7,643,646 shares in the company, valued at $90,424,332.18. The disclosure for this sale can be found here. In the last ninety days, insiders sold 164,264 shares of company stock worth $1,932,544. Insiders own 6.37% of the company’s stock.

Wall Street Analyst Weigh In

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

Helix Energy Solutions Group Stock Performance

NYSE:HLX traded down $0.96 during mid-day trading on Monday, hitting $11.48. The stock had a trading volume of 1,682,494 shares, compared to its average volume of 1,782,439. Helix Energy Solutions Group, Inc. has a twelve month low of $8.82 and a twelve month high of $13.05. The stock has a market cap of $1.75 billion, a price-to-earnings ratio of -55.90 and a beta of 2.45. The company’s 50 day simple moving average is $11.51 and its 200 day simple moving average is $10.76. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.08 and a current ratio of 2.08.

Helix Energy Solutions Group (NYSE:HLX) last issued its earnings results on Wednesday, July 24th. The oil and gas company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate 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 last year, the business posted $0.11 EPS. On average, equities research analysts forecast that Helix Energy Solutions Group, Inc. will post 0.39 earnings per share for the current year.

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.