Hornbeck Offshore Services (NYSE:HOS) CEO Todd Hornbeck Buys 189,570 Shares of Stock

Key Points

• CEO Todd Hornbeck bought 189,570 shares at an average price of $5.28, investing about $1.0 million and increasing his ownership by 3.34% to 5.86 million shares.
• Hornbeck Offshore reported a quarterly loss of $0.40 per share, missing analysts’ forecast of $0.19 in earnings per share; Wall Street Zen also downgraded the stock from “buy” to “hold.”
• The stock opened at $5.58, within a 52-week range of $5.14 to $11.13, and institutional investors held 91.33% of its shares.

Hornbeck Offshore Services, Inc. (NYSE:HOS - Get Free Report) CEO Todd Hornbeck acquired 189,570 shares of the firm's stock in a transaction on Tuesday, November 10th. The shares were bought at an average cost of $5.28 per share, for a total transaction of $1,000,929.60. Following the acquisition, the chief executive officer owned 5,859,218 shares in the company, valued at approximately $30,936,671.04. The trade was a 3.34% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Hornbeck Offshore Services Trading Up 6.8%

HOS opened at $5.58 on Thursday. Hornbeck Offshore Services, Inc. has a 1-year low of $5.14 and a 1-year high of $11.13. The company has a 50-day moving average of $7.47. The firm has a market cap of $821.64 million, a PE ratio of 17.40 and a beta of 1.31. The company has a quick ratio of 3.47, a current ratio of 2.00 and a debt-to-equity ratio of 0.35.

Hornbeck Offshore Services (NYSE:HOS - Get Free Report) last issued its quarterly earnings results on Monday, November 9th. The company reported ($0.40) earnings per share for the quarter, missing analysts' consensus estimates of $0.19 by ($0.59). Hornbeck Offshore Services had a negative net margin of 5.58% and a positive return on equity of 3.12%. During the same quarter last year, the business posted $0.28 earnings per share. On average, research analysts predict that Hornbeck Offshore Services, Inc. will post 0.28 EPS for the current year.

Analyst Ratings Changes

Separately, Wall Street Zen cut Hornbeck Offshore Services from a "buy" rating to a "hold" rating in a report on Monday.

Institutional Investors Weigh In On Hornbeck Offshore Services

A number of institutional investors and hedge funds have recently modified their holdings of the business. Group One Trading LLC bought a new position in Hornbeck Offshore Services in the third quarter valued at approximately $27,000. Boston Partners bought a new stake in shares of Hornbeck Offshore Services during the 3rd quarter valued at $20,400,000. Valueworks LLC bought a new stake in shares of Hornbeck Offshore Services during the 3rd quarter valued at $28,572,000. Voya Investment Management LLC bought a new stake in shares of Hornbeck Offshore Services during the 3rd quarter valued at $1,672,000. Finally, Public Sector Pension Investment Board acquired a new position in shares of Hornbeck Offshore Services in the 3rd quarter valued at $3,415,000. 91.33% of the stock is owned by institutional investors.

Hornbeck Offshore Services Company Profile

Hornbeck Offshore Services provides marine transportation and support services for the offshore oil and gas industry. Its fleet includes offshore supply vessels and multi-purpose support vessels that carry equipment and supplies, assist with construction and subsea work, and support exploration, development and production activities. Founded in 1997, the company has focused on serving deepwater and other demanding offshore operations. Its vessels and services support customers in the U.S. Gulf of Mexico and select international markets.

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