Hornbeck Offshore Services (HOS) Shares Bought by Parametric Portfolio Associates LLC

Parametric Portfolio Associates LLC raised its stake in Hornbeck Offshore Services (NYSE:HOS) by 67.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 234,487 shares of the oil and gas company’s stock after buying an additional 94,690 shares during the period. Parametric Portfolio Associates LLC owned approximately 0.64% of Hornbeck Offshore Services worth $1,039,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Comerica Bank boosted its position in Hornbeck Offshore Services by 1.7% in the first quarter. Comerica Bank now owns 34,874 shares of the oil and gas company’s stock valued at $123,000 after buying an additional 576 shares during the last quarter. Bank of New York Mellon Corp boosted its position 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 last quarter. Great West Life Assurance Co. Can boosted its position in shares of Hornbeck Offshore Services by 12.6% in the first quarter. Great West Life Assurance Co. Can now owns 48,276 shares of the oil and gas company’s stock worth $214,000 after buying an additional 5,398 shares in the last quarter. Teachers Advisors LLC boosted its position in shares of Hornbeck Offshore Services by 9.6% in the fourth quarter. Teachers Advisors LLC now owns 71,850 shares of the oil and gas company’s stock worth $519,000 after buying an additional 6,308 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY purchased a new position in shares of Hornbeck Offshore Services during the fourth quarter worth $157,000. Hedge funds and other institutional investors own 97.45% of the company’s stock.

Shares of Hornbeck Offshore Services (NYSE:HOS) opened at 2.39 on Thursday. Hornbeck Offshore Services has a 52 week low of $1.51 and a 52 week high of $9.07. The firm has a 50-day moving average price of $2.63 and a 200-day moving average price of $3.74. The firm’s market capitalization is $87.87 million.

Hornbeck Offshore Services (NYSE:HOS) last announced its quarterly earnings data on Wednesday, August 2nd. The oil and gas company reported ($0.82) EPS for the quarter, missing the consensus estimate 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 firm 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 firm earned ($0.57) earnings per share. The firm’s revenue for the quarter was down 30.4% on a year-over-year basis. On average, equities analysts expect that Hornbeck Offshore Services will post ($3.14) earnings per share for the current fiscal year.

A number of research analysts have recently weighed in on the company. Seaport Global Securities restated a “neutral” rating on shares of Hornbeck Offshore Services in a research report on Monday. Piper Jaffray Companies reaffirmed a “hold” rating and set a $3.50 price objective on shares of Hornbeck Offshore Services in a research note on Thursday, August 3rd. Zacks Investment Research raised Hornbeck Offshore Services from a “sell” rating to a “hold” rating in a research note on Tuesday, June 6th. Finally, ValuEngine lowered Hornbeck Offshore Services from a “sell” rating to a “strong sell” rating in a research note on Friday, June 2nd. Two analysts have rated the stock with a sell rating and four have given a hold rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price 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.