Legal & General Group Plc lowered its position in Hornbeck Offshore Services (NYSE:HOS) by 0.4% during the first quarter, Holdings Channel reports. The institutional investor owned 55,263 shares of the oil and gas company’s stock after selling 237 shares during the period. Legal & General Group Plc’s holdings in Hornbeck Offshore Services were worth $244,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp boosted its stake in Hornbeck Offshore Services by 260.1% in the first quarter. Bank of New York Mellon Corp now owns 1,634,675 shares of the oil and gas company’s stock valued at $7,241,000 after buying an additional 1,180,699 shares during the period. Parametric Portfolio Associates LLC boosted its stake in Hornbeck Offshore Services by 67.7% in the first quarter. Parametric Portfolio Associates LLC now owns 234,487 shares of the oil and gas company’s stock valued at $1,039,000 after buying an additional 94,690 shares during the period. Schroder Investment Management Group boosted its stake in Hornbeck Offshore Services by 445.7% in the first quarter. Schroder Investment Management Group now owns 73,121 shares of the oil and gas company’s stock valued at $318,000 after buying an additional 59,721 shares during the period. State Street Corp boosted its stake in Hornbeck Offshore Services by 7.2% in the fourth quarter. State Street Corp now owns 816,200 shares of the oil and gas company’s stock valued at $5,894,000 after buying an additional 55,158 shares during the period. Finally, California Public Employees Retirement System boosted its stake in Hornbeck Offshore Services by 14.1% in the first quarter. California Public Employees Retirement System now owns 355,400 shares of the oil and gas company’s stock valued at $1,574,000 after buying an additional 44,000 shares during the period. 97.45% of the stock is owned by hedge funds and other institutional investors.

Hornbeck Offshore Services (NYSE HOS) traded down 3.60% during midday trading on Friday, reaching $2.41. 65,647 shares of the company’s stock traded hands. The firm’s 50-day moving average is $2.59 and its 200-day moving average is $3.61. Hornbeck Offshore Services has a 1-year low of $1.51 and a 1-year high of $9.07. The company’s market capitalization is $88.61 million.

Hornbeck Offshore Services (NYSE:HOS) last announced its quarterly earnings results on Wednesday, August 2nd. The oil and gas company reported ($0.82) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.79) by $0.03. Hornbeck Offshore Services had a negative net margin of 47.42% and a negative return on equity of 6.72%. The company had revenue of $37.40 million for the quarter, compared to analyst estimates of $37.13 million. During the same quarter in the prior year, the business earned ($0.57) earnings per share. Hornbeck Offshore Services’s revenue was down 30.4% on a year-over-year basis. Analysts forecast that Hornbeck Offshore Services will post ($3.02) earnings per share for the current year.

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Several equities research analysts have issued reports on HOS shares. Zacks Investment Research raised shares of Hornbeck Offshore Services from a “sell” rating to a “hold” rating in a research report on Wednesday, April 19th. Seaport Global Securities cut shares of Hornbeck Offshore Services from a “buy” rating to a “neutral” rating in a research report on Friday, June 2nd. ValuEngine cut shares of Hornbeck Offshore Services from a “sell” rating to a “strong sell” rating in a research report on Friday, June 2nd. Finally, Piper Jaffray Companies reissued a “hold” rating and issued a $3.50 price objective on shares of Hornbeck Offshore Services in a research report on Thursday, August 3rd. Two investment analysts have rated the stock with a sell rating and four have given a hold rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $4.75.

About Hornbeck Offshore Services

Hornbeck Offshore Services Inc provides marine transportation, subsea installation and accommodation support services to exploration and production, oilfield service, offshore construction and the United States military customers. The Company focuses on providing marine solutions for the deepwater and ultradeepwater energy industry in domestic and select foreign locations.

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Institutional Ownership by Quarter for Hornbeck Offshore Services (NYSE:HOS)

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