California State Teachers Retirement System reduced its stake in shares of Helix Energy Solutions Group Inc. (NYSE:HLX) by 5.9% during the second quarter, according to its most recent filing with the SEC. The fund owned 211,183 shares of the company’s stock after selling 13,156 shares during the period. California State Teachers Retirement System owned approximately 0.19% of Helix Energy Solutions Group worth $1,428,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the stock. A.R.T. Advisors LLC bought a new stake in shares of Helix Energy Solutions Group during the first quarter worth $1,131,000. Jacobs Levy Equity Management Inc. bought a new stake in shares of Helix Energy Solutions Group during the first quarter worth $4,300,000. Renaissance Technologies LLC bought a new stake in shares of Helix Energy Solutions Group during the first quarter worth $417,000. Geode Capital Management LLC raised its stake in shares of Helix Energy Solutions Group by 14.3% in the first quarter. Geode Capital Management LLC now owns 694,135 shares of the company’s stock worth $3,887,000 after buying an additional 87,062 shares in the last quarter. Finally, Pacific Global Investment Management CO raised its stake in shares of Helix Energy Solutions Group by 9.8% in the first quarter. Pacific Global Investment Management CO now owns 46,000 shares of the company’s stock worth $258,000 after buying an additional 4,090 shares in the last quarter. 86.49% of the stock is currently owned by institutional investors and hedge funds.

Shares of Helix Energy Solutions Group Inc. (NYSE:HLX) traded up 5.44% on Wednesday, reaching $7.37. 1,341,059 shares of the company traded hands. The stock’s market capitalization is $830.15 million. Helix Energy Solutions Group Inc. has a 1-year low of $2.60 and a 1-year high of $9.07. The company has a 50-day moving average of $7.69 and a 200-day moving average of $7.11.

Helix Energy Solutions Group (NYSE:HLX) last announced its earnings results on Tuesday, July 19th. The company reported ($0.10) earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.10). Helix Energy Solutions Group had a negative net margin of 80.32% and a negative return on equity of 2.49%. During the same period in the prior year, the business earned ($0.03) earnings per share. Analysts anticipate that Helix Energy Solutions Group Inc. will post ($0.36) earnings per share for the current fiscal year.

HLX has been the subject of a number of research reports. Iberia Capital upgraded shares of Helix Energy Solutions Group to an “outperform” rating in a research note on Friday, August 19th. Zacks Investment Research upgraded shares of Helix Energy Solutions Group from a “hold” rating to a “buy” rating and set a $7.75 target price for the company in a research note on Tuesday. Simmons set a $10.00 price objective on Helix Energy Solutions Group and gave the stock a “buy” rating in a research note on Thursday, July 21st. Credit Suisse Group AG restated a “buy” rating and issued a $10.00 price objective on shares of Helix Energy Solutions Group in a research note on Wednesday, July 20th. Finally, Clarkson Capital upgraded Helix Energy Solutions Group from a “neutral” rating to a “buy” rating in a research note on Tuesday, July 26th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $8.98.

About Helix Energy Solutions Group

Helix Energy Solutions Group, Inc is an international offshore energy services company. The Company provides services to the offshore energy industry, with a focus on well intervention and robotics operations. The Company operates in three segments: Well Intervention, Robotics and Production Facilities.

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