KBC Group NV decreased its stake in Hornbeck Offshore Services, Inc. (NYSE:HOS) by 56.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 66,705 shares of the oil and gas company’s stock after selling 87,644 shares during the period. KBC Group NV owned 0.18% of Hornbeck Offshore Services worth $194,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Renaissance Technologies LLC purchased a new position in Hornbeck Offshore Services during the 4th quarter worth $151,000. MML Investors Services LLC increased its holdings in shares of Hornbeck Offshore Services by 117.3% in the 4th quarter. MML Investors Services LLC now owns 138,224 shares of the oil and gas company’s stock valued at $430,000 after purchasing an additional 74,603 shares in the last quarter. Monashee Investment Management LLC purchased a new position in shares of Hornbeck Offshore Services in the 4th quarter valued at about $115,000. Finally, California Public Employees Retirement System increased its holdings in shares of Hornbeck Offshore Services by 3.8% in the 4th quarter. California Public Employees Retirement System now owns 656,630 shares of the oil and gas company’s stock valued at $2,042,000 after purchasing an additional 23,957 shares in the last quarter. Institutional investors and hedge funds own 62.79% of the company’s stock.
Several research firms have weighed in on HOS. ValuEngine upgraded shares of Hornbeck Offshore Services from a “sell” rating to a “hold” rating in a report on Saturday, June 2nd. Zacks Investment Research cut shares of Hornbeck Offshore Services from a “hold” rating to a “sell” rating in a research note on Wednesday, May 9th. Two investment analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $3.33.
Hornbeck Offshore Services (NYSE:HOS) last posted its quarterly earnings data on Wednesday, May 2nd. The oil and gas company reported ($1.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.71) by ($0.33). The firm had revenue of $41.59 million for the quarter, compared to analysts’ expectations of $50.37 million. Hornbeck Offshore Services had a net margin of 8.82% and a negative return on equity of 7.48%. equities research analysts forecast that Hornbeck Offshore Services, Inc. will post -2.99 earnings per share for the current year.
Hornbeck Offshore Services Company Profile
Hornbeck Offshore Services, Inc, together with its subsidiaries, provides marine transportation, subsea installation, and accommodation support services to exploration and production, oilfield service, offshore construction, and the U.S. military customers. It operates offshore supply vessels (OSVs), multi-purpose support vessels (MPSVs), and a shore-based facility to provide logistics support and specialty services to the offshore oil and gas exploration and production industry, primarily in the U.S.
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