Illinois Municipal Retirement Fund Trims Stock Position in Helix Energy Solutions Group, Inc. (NYSE:HLX)

Illinois Municipal Retirement Fund decreased its position in Helix Energy Solutions Group, Inc. (NYSE:HLX) by 9.2% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 81,438 shares of the oil and gas company’s stock after selling 8,232 shares during the period. Illinois Municipal Retirement Fund’s holdings in Helix Energy Solutions Group were worth $759,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in HLX. State Street Corp lifted its holdings in Helix Energy Solutions Group by 3.8% in the third quarter. State Street Corp now owns 6,664,257 shares of the oil and gas company’s stock valued at $73,973,000 after acquiring an additional 246,577 shares during the last quarter. Pacer Advisors Inc. lifted its stake in shares of Helix Energy Solutions Group by 16.4% in the 4th quarter. Pacer Advisors Inc. now owns 6,546,820 shares of the oil and gas company’s stock valued at $61,016,000 after purchasing an additional 923,477 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Helix Energy Solutions Group by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 3,286,917 shares of the oil and gas company’s stock worth $36,492,000 after purchasing an additional 25,432 shares during the period. Systematic Financial Management LP increased its position in shares of Helix Energy Solutions Group by 10.5% during the 3rd quarter. Systematic Financial Management LP now owns 2,480,765 shares of the oil and gas company’s stock worth $27,536,000 after purchasing an additional 236,222 shares during the last quarter. Finally, Principal Financial Group Inc. raised its holdings in Helix Energy Solutions Group by 18.3% in the 4th quarter. Principal Financial Group Inc. now owns 2,443,203 shares of the oil and gas company’s stock valued at $22,771,000 after buying an additional 378,394 shares during the period. Hedge funds and other institutional investors own 91.33% of the company’s stock.

Helix Energy Solutions Group Stock Down 7.7 %

Shares of NYSE HLX opened at $7.96 on Tuesday. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.19. The business’s 50 day moving average is $8.66 and its two-hundred day moving average is $9.69. Helix Energy Solutions Group, Inc. has a 52-week low of $7.76 and a 52-week high of $13.05. The firm has a market cap of $1.21 billion, a price-to-earnings ratio of 199.05 and a beta of 2.43.

Helix Energy Solutions Group (NYSE:HLX) last posted its quarterly earnings data on Monday, February 24th. The oil and gas company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.04. Helix Energy Solutions Group had a return on equity of 4.39% and a net margin of 0.54%. The firm had revenue of $355.13 million for the quarter, compared to the consensus estimate of $311.66 million. Research analysts predict that Helix Energy Solutions Group, Inc. will post 0.26 EPS for the current year.

Insiders Place Their Bets

In related news, Director Diana Glassman sold 16,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $9.94, for a total transaction of $159,040.00. Following the sale, the director now directly owns 26,133 shares of the company’s stock, valued at $259,762.02. This represents a 37.97 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Kenneth English Neikirk sold 83,991 shares of the firm’s stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $9.17, for a total transaction of $770,197.47. Following the completion of the transaction, the executive vice president now directly owns 104,549 shares of the company’s stock, valued at $958,714.33. This represents a 44.55 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 269,991 shares of company stock worth $2,607,137 over the last three months. Company insiders own 6.37% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Helix Energy Solutions Group from a “sell” rating to a “hold” rating in a research report on Wednesday, December 4th.

Helix Energy Solutions Group Profile

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.