State of Wisconsin Investment Board lowered its position in Helix Energy Solutions Group, Inc. (NYSE:HLX) by 7.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,045,750 shares of the oil and gas company’s stock after selling 87,800 shares during the period. State of Wisconsin Investment Board owned approximately 0.71% of Helix Energy Solutions Group worth $5,898,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Janney Montgomery Scott LLC raised its position in shares of Helix Energy Solutions Group by 0.8% in the first quarter. Janney Montgomery Scott LLC now owns 13,794 shares of the oil and gas company’s stock worth $107,000 after buying an additional 109 shares during the last quarter. Capstone Asset Management Co. raised its position in shares of Helix Energy Solutions Group by 0.4% in the first quarter. Capstone Asset Management Co. now owns 25,821 shares of the oil and gas company’s stock worth $201,000 after buying an additional 110 shares during the last quarter. Princeton Alpha Management LP raised its position in shares of Helix Energy Solutions Group by 4.8% in the first quarter. Princeton Alpha Management LP now owns 14,619 shares of the oil and gas company’s stock worth $114,000 after buying an additional 667 shares during the last quarter. Texas Permanent School Fund raised its position in shares of Helix Energy Solutions Group by 0.8% in the second quarter. Texas Permanent School Fund now owns 100,257 shares of the oil and gas company’s stock worth $565,000 after buying an additional 833 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan raised its position in shares of Helix Energy Solutions Group by 6.3% in the second quarter. Municipal Employees Retirement System of Michigan now owns 32,420 shares of the oil and gas company’s stock worth $183,000 after buying an additional 1,920 shares during the last quarter. Hedge funds and other institutional investors own 86.89% of the company’s stock.

Shares of Helix Energy Solutions Group, Inc. (HLX) opened at 6.28 on Thursday. The company’s 50 day moving average is $5.94 and its 200 day moving average is $6.45. Helix Energy Solutions Group, Inc. has a 52-week low of $4.82 and a 52-week high of $11.87. The firm’s market cap is $927.45 million.

Helix Energy Solutions Group (NYSE:HLX) last released its quarterly earnings data on Sunday, July 23rd. The oil and gas company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by $0.01. The company had revenue of $150.30 million for the quarter, compared to the consensus estimate 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 company’s quarterly revenue was up 40.2% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.10) EPS. Analysts anticipate that Helix Energy Solutions Group, Inc. will post ($0.13) earnings per share for the current year.

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A number of research analysts have issued reports on the stock. Zacks Investment Research lowered shares of Helix Energy Solutions Group from a “hold” rating to a “sell” rating in a research report on Monday, June 26th. BidaskClub lowered shares of Helix Energy Solutions Group from a “sell” rating to a “strong sell” rating in a research report on Friday, August 18th. Cowen and Company restated a “buy” rating and set a $10.00 target price on shares of Helix Energy Solutions Group in a research report on Tuesday, July 11th. Morgan Stanley restated an “overweight” rating and set a $8.00 target price (down previously from $15.00) on shares of Helix Energy Solutions Group in a research report on Wednesday, June 21st. Finally, ValuEngine lowered shares of Helix Energy Solutions Group from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price 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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