1,952,135 Shares of Hornbeck Offshore Services, Inc. $HOS Purchased by Assenagon Asset Management S.A.

Key Points

• Assenagon Asset Management acquired 1,952,135 Hornbeck Offshore Services shares worth approximately $15.0 million, giving it a 1.32% stake.
• Other institutional investors also initiated positions, and institutional ownership now stands at 91.33% of the company’s outstanding stock.
• Hornbeck shares opened at $6.82, down 0.5%, while the company reported quarterly EPS of $0.15 on $304.02 million in revenue; analysts expect full-year EPS of $0.28.

Assenagon Asset Management S.A. acquired a new position in shares of Hornbeck Offshore Services, Inc. (NYSE:HOS - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,952,135 shares of the company's stock, valued at approximately $15,012,000. Assenagon Asset Management S.A. owned about 1.32% of Hornbeck Offshore Services as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in HOS. State of Alaska Department of Revenue acquired a new position in shares of Hornbeck Offshore Services during the third quarter worth approximately $212,000. Worth Asset Management LLC acquired a new stake in shares of Hornbeck Offshore Services in the third quarter valued at approximately $82,000. Versant Capital Management Inc bought a new position in Hornbeck Offshore Services in the 3rd quarter worth approximately $37,000. Finally, GAMMA Investing LLC bought a new position in Hornbeck Offshore Services in the 3rd quarter worth approximately $28,000. Institutional investors and hedge funds own 91.33% of the company's stock.

Hornbeck Offshore Services Trading Down 0.5%

Shares of HOS stock opened at $6.82 on Tuesday. The company has a debt-to-equity ratio of 0.19, a current ratio of 3.47 and a quick ratio of 3.47. The stock has a market capitalization of $1.00 billion, a P/E ratio of 21.41 and a beta of 1.23. Hornbeck Offshore Services, Inc. has a 12 month low of $6.11 and a 12 month high of $11.13.

Hornbeck Offshore Services (NYSE:HOS - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.15 EPS for the quarter. The company had revenue of $304.02 million during the quarter. Hornbeck Offshore Services had a net margin of 3.04% and a return on equity of 2.95%. Equities analysts forecast that Hornbeck Offshore Services, Inc. will post 0.28 EPS for the current fiscal year.

About Hornbeck Offshore Services

Hornbeck Offshore Services, Inc was an offshore marine transportation company that provided support services to the oil and natural gas industry. The company owned and operated offshore supply vessels and other specialized vessels used to transport personnel, equipment, supplies and materials between shore bases and offshore exploration, development and production facilities.

Hornbeck focused on high-specification vessels designed for deepwater and other demanding offshore environments.

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