Hornbeck Offshore Services (HOS) : Wellesley Investment Advisors has sold out all of its stake in Hornbeck Offshore Services during the most recent quarter, according to the disclosure filed by the company on May 12, 2016 with the SEC. The investment management company has sold out 25,000 shares of Hornbeck Offshore Services which is valued at $241,500.
Other Hedge Funds, Including , Ubs Asset Management Americas Inc reduced its stake in HOS by selling 1,400 shares or 7.74% in the most recent quarter. The Hedge Fund company now holds 16,699 shares of HOS which is valued at $161,312.State Of Wisconsin Investment Board reduced its stake in HOS by selling 178,000 shares or 69.53% in the most recent quarter. The Hedge Fund company now holds 77,990 shares of HOS which is valued at $814,996.Swiss National Bank boosted its stake in HOS in the latest quarter, The investment management firm added 10,600 additional shares and now holds a total of 53,500 shares of Hornbeck Offshore Services which is valued at $559,075. Tci Wealth Advisors sold out all of its stake in HOS during the most recent quarter. The investment firm sold 20 shares of HOS which is valued $235.
Hornbeck Offshore Services opened for trading at $8.83 and hit $9.117 on the upside on Friday, eventually ending the session at $8.89, with a gain of 1.14% or 0.1 points. The heightened volatility saw the trading volume jump to 10,36,355 shares. Company has a market cap of $322 M.
On the company’s financial health, Hornbeck Offshore Services reported $-0.21 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on May 4, 2016. Analyst had a consensus of $-0.29. The company had revenue of $76.80 million for the quarter, compared to analysts expectations of $78.15 million. The company’s revenue was down -42.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.42 EPS.
Many Wall Street Analysts have commented on Hornbeck Offshore Services. Hornbeck Offshore Services was Upgraded by Morgan Stanley to ” Equal-Weight” on Apr 20, 2016. Barclays Downgraded Hornbeck Offshore Services on Apr 20, 2016 to ” Equal Weight”, Price Target of the shares are set at $11.Shares were Reiterated by Barclays on Feb 23, 2016 to “Overweight” and Lowered the Price Target to $ 11 from a previous price target of $19 .
Hornbeck Offshore Services Inc. is a provider of 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 the provision of marine solutions to meet the needs of the deepwater and ultradeepwater energy industry in domestic and select foreign locations. The Company owns and operates a fleet of United States-flagged OSVs and MPSVs. These vessels support the deep-well deepwater and ultra-deepwater activities of the offshore oil and gas industry. The Company operates in three core geographic markets: the Gulf of Mexico (GoM) Mexico and Brazil. The Company has operated in the Middle East the Mediterranean Sea the Black Sea and the Caribbean basin including Nicaragua Guyana Trinidad and Venezuela. The Company also operates a shore-base support facility located in Port Fourchon Louisiana.