Hornbeck Offshore Services (HOS) Holdings Held by Dimensional Fund Advisors LP
Dimensional Fund Advisors LP continued to hold its position in shares of Hornbeck Offshore Services (NYSE:HOS) during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,469,847 shares of the oil and gas company’s stock at the close of the 2nd quarter. Dimensional Fund Advisors LP owned 6.72% of Hornbeck Offshore Services worth $6,990,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. MML Investors Services LLC increased its position in Hornbeck Offshore Services by 17.3% during the second quarter. MML Investors Services LLC now owns 54,300 shares of the oil and gas company’s stock worth $154,000 after purchasing an additional 8,000 shares during the last quarter. OppenheimerFunds Inc. increased its position in Hornbeck Offshore Services by 128.6% during the first quarter. OppenheimerFunds Inc. now owns 50,441 shares of the oil and gas company’s stock worth $224,000 after purchasing an additional 28,373 shares during the last quarter. LMR Partners LLP acquired a new stake in Hornbeck Offshore Services during the second quarter worth about $273,000. KBC Group NV increased its position in Hornbeck Offshore Services by 67.6% during the second quarter. KBC Group NV now owns 172,315 shares of the oil and gas company’s stock worth $488,000 after purchasing an additional 69,514 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in Hornbeck Offshore Services by 374.5% during the second quarter. JPMorgan Chase & Co. now owns 262,542 shares of the oil and gas company’s stock worth $743,000 after purchasing an additional 207,212 shares during the last quarter. Hedge funds and other institutional investors own 82.36% of the company’s stock.
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Hornbeck Offshore Services (NYSE:HOS) opened at $3.90 on Monday. The company has a quick ratio of 3.61, a current ratio of 3.61 and a debt-to-equity ratio of 0.75. Hornbeck Offshore Services has a 12 month low of $1.51 and a 12 month high of $9.07.
Hornbeck Offshore Services (NYSE:HOS) last announced its earnings results on Wednesday, November 1st. The oil and gas company reported ($0.51) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.73) by $0.22. The company had revenue of $53.70 million during the quarter, compared to analyst estimates of $41.25 million. Hornbeck Offshore Services had a negative net margin of 48.34% and a negative return on equity of 7.00%. Hornbeck Offshore Services’s revenue was up 3.5% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.45) earnings per share. sell-side analysts expect that Hornbeck Offshore Services will post -3 earnings per share for the current fiscal year.
Several equities research analysts recently issued reports on HOS shares. Piper Jaffray Companies restated a “hold” rating and set a $3.50 price objective on shares of Hornbeck Offshore Services in a research report on Thursday, August 3rd. Seaport Global Securities restated a “neutral” rating on shares of Hornbeck Offshore Services in a research report on Monday, August 7th. Zacks Investment Research upgraded shares of Hornbeck Offshore Services from a “sell” rating to a “hold” rating in a research report on Wednesday, August 23rd. Finally, ValuEngine upgraded shares of Hornbeck Offshore Services from a “strong sell” rating to a “sell” rating in a research report on Friday, September 1st. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $4.00.
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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