Todays Report: The Hornbeck Offshore Services (HOS) Stake Decreased by Capstone Asset Management Co.

The Hornbeck Offshore Services (HOS) Stake Decreased by Capstone Asset Management Co.

Capstone Asset Management Co. cut its stake in Hornbeck Offshore Services (NYSE:HOS) by 0.7% during the third quarter, Holdings Channel reports. The fund owned 25,576 shares of the company’s stock after selling 170 shares during the period. Capstone Asset Management Co. owned 0.07% of Hornbeck Offshore Services worth $141,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. GSA Capital Partners LLP bought a new position in Hornbeck Offshore Services during the second quarter valued at $404,000. California Public Employees Retirement System boosted its position in Hornbeck Offshore Services by 5.6% in the second quarter. California Public Employees Retirement System now owns 206,500 shares of the company’s stock valued at $1,722,000 after buying an additional 11,000 shares during the period. Quantitative Investment Management LLC boosted its position in Hornbeck Offshore Services by 7.4% in the second quarter. Quantitative Investment Management LLC now owns 24,700 shares of the company’s stock valued at $205,000 after buying an additional 1,700 shares during the period. California State Teachers Retirement System boosted its position in Hornbeck Offshore Services by 0.7% in the second quarter. California State Teachers Retirement System now owns 68,213 shares of the company’s stock valued at $569,000 after buying an additional 491 shares during the period. Finally, Louisiana State Employees Retirement System boosted its position in Hornbeck Offshore Services by 0.7% in the second quarter. Louisiana State Employees Retirement System now owns 14,300 shares of the company’s stock valued at $119,000 after buying an additional 100 shares during the period.

Hornbeck Offshore Services (NYSE:HOS) opened at 5.99 on Friday. The firm’s market capitalization is $217.65 million. The company has a 50-day moving average of $5.47 and a 200-day moving average of $7.93. Hornbeck Offshore Services has a 52 week low of $4.35 and a 52 week high of $16.71.

Hornbeck Offshore Services (NYSE:HOS) last issued its earnings results on Wednesday, August 3rd. The company reported ($0.57) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.39) by $0.18. Hornbeck Offshore Services had a negative net margin of 4.87% and a negative return on equity of 1.60%. The company earned $53.67 million during the quarter, compared to analyst estimates of $66.74 million. During the same quarter in the prior year, the business earned $0.53 EPS. The business’s quarterly revenue was down 60.7% on a year-over-year basis. On average, equities analysts forecast that Hornbeck Offshore Services will post ($1.93) earnings per share for the current fiscal year.

Several analysts have commented on HOS shares. Zacks Investment Research cut shares of Hornbeck Offshore Services from a “hold” rating to a “sell” rating in a research report on Wednesday, July 20th. TheStreet cut shares of Hornbeck Offshore Services from a “hold” rating to a “sell” rating in a research report on Wednesday, August 3rd. Cowen and Company dropped their target price on shares of Hornbeck Offshore Services from $8.50 to $6.00 and set a “market perform” rating for the company in a research report on Thursday, October 6th. Finally, Iberia Capital cut shares of Hornbeck Offshore Services from a “sector perform” rating to an “underperform” rating in a research report on Friday, August 5th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the stock. Hornbeck Offshore Services currently has an average rating of “Hold” and an average target price of $11.75.

Hornbeck Offshore Services Company Profile

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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