Trexquant Investment LP decreased its position in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX) by 23.2% during the second quarter, Holdings Channel reports. The institutional investor owned 99,600 shares of the oil and gas company’s stock after selling 30,140 shares during the period. Trexquant Investment LP’s holdings in Helix Energy Solutions Group were worth $562,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in HLX. BlackRock Inc. raised its stake in Helix Energy Solutions Group by 31,634.0% in the first quarter. BlackRock Inc. now owns 17,588,903 shares of the oil and gas company’s stock worth $136,665,000 after buying an additional 17,533,477 shares in the last quarter. Vanguard Group Inc. raised its stake in Helix Energy Solutions Group by 31.4% in the first quarter. Vanguard Group Inc. now owns 12,647,162 shares of the oil and gas company’s stock worth $98,268,000 after buying an additional 3,022,776 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Helix Energy Solutions Group by 18.4% in the first quarter. Dimensional Fund Advisors LP now owns 11,341,629 shares of the oil and gas company’s stock worth $88,123,000 after buying an additional 1,762,314 shares in the last quarter. FMR LLC raised its stake in Helix Energy Solutions Group by 50.8% in the first quarter. FMR LLC now owns 4,072,627 shares of the oil and gas company’s stock worth $31,644,000 after buying an additional 1,372,429 shares in the last quarter. Finally, Norges Bank purchased a new stake in Helix Energy Solutions Group during the fourth quarter worth $9,047,000. Institutional investors and hedge funds own 88.55% of the company’s stock.

Shares of Helix Energy Solutions Group, Inc. (NYSE HLX) opened at 5.84 on Friday. Helix Energy Solutions Group, Inc. has a 52 week low of $4.82 and a 52 week high of $11.87. The company’s market capitalization is $862.47 million. The stock has a 50 day moving average of $5.78 and a 200-day moving average of $6.62.

Helix Energy Solutions Group (NYSE:HLX) last announced its quarterly earnings data on Sunday, July 23rd. The oil and gas company reported ($0.04) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by $0.01. The company had revenue of $150.30 million during the quarter, compared to analysts’ expectations of $141.03 million. Helix Energy Solutions Group had a negative net margin of 12.09% and a negative return on equity of 1.21%. The business’s revenue for the quarter was up 40.2% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.10) earnings per share. On average, analysts anticipate that Helix Energy Solutions Group, Inc. will post ($0.13) EPS for the current year.

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HLX has been the subject of a number of analyst reports. Zacks Investment Research lowered shares of Helix Energy Solutions Group from a “hold” rating to a “sell” rating in a research note on Monday, June 26th. Morgan Stanley restated an “overweight” rating and set a $8.00 price objective (down from $15.00) on shares of Helix Energy Solutions Group in a research note on Wednesday, June 21st. Cowen and Company upgraded shares of Helix Energy Solutions Group from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $8.00 to $10.00 in a research note on Monday, June 5th. Finally, ValuEngine lowered shares of Helix Energy Solutions Group from a “hold” rating to a “sell” rating in a research note on Friday, June 2nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $9.96.

Helix Energy Solutions Group Company Profile

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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Institutional Ownership by Quarter for Helix Energy Solutions Group (NYSE:HLX)

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