Deutsche Bank AG Buys 432,394 Shares of Hornbeck Offshore Services, Inc. (HOS)

Deutsche Bank AG boosted its stake in shares of Hornbeck Offshore Services, Inc. (NYSE:HOS) by 650.2% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 498,894 shares of the oil and gas company’s stock after buying an additional 432,394 shares during the quarter. Deutsche Bank AG’s holdings in Hornbeck Offshore Services were worth $718,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Acadian Asset Management LLC raised its holdings in Hornbeck Offshore Services by 72.1% during the 4th quarter. Acadian Asset Management LLC now owns 48,390 shares of the oil and gas company’s stock valued at $70,000 after buying an additional 20,267 shares during the period. Bank of New York Mellon Corp raised its holdings in Hornbeck Offshore Services by 210.6% during the 4th quarter. Bank of New York Mellon Corp now owns 63,888 shares of the oil and gas company’s stock valued at $92,000 after buying an additional 43,317 shares during the period. Municipal Employees Retirement System of Michigan purchased a new stake in Hornbeck Offshore Services during the 4th quarter valued at $153,000. Renaissance Technologies LLC raised its holdings in Hornbeck Offshore Services by 36.8% during the 3rd quarter. Renaissance Technologies LLC now owns 681,540 shares of the oil and gas company’s stock valued at $4,007,000 after buying an additional 183,500 shares during the period. Finally, Vanguard Group Inc raised its holdings in Hornbeck Offshore Services by 20.0% during the 3rd quarter. Vanguard Group Inc now owns 1,476,554 shares of the oil and gas company’s stock valued at $8,682,000 after buying an additional 246,050 shares during the period. Institutional investors own 62.95% of the company’s stock.

HOS stock opened at $1.45 on Friday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.86 and a current ratio of 2.76. Hornbeck Offshore Services, Inc. has a twelve month low of $1.02 and a twelve month high of $6.14. The firm has a market capitalization of $53.03 million, a price-to-earnings ratio of -0.44 and a beta of 2.25.

Hornbeck Offshore Services (NYSE:HOS) last released its earnings results on Wednesday, May 1st. The oil and gas company reported ($0.97) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.91) by ($0.06). Hornbeck Offshore Services had a negative return on equity of 9.16% and a negative net margin of 52.07%. The business had revenue of $54.04 million during the quarter, compared to analysts’ expectations of $61.70 million. Sell-side analysts predict that Hornbeck Offshore Services, Inc. will post -2.77 earnings per share for the current fiscal year.

Several analysts recently weighed in on the company. Zacks Investment Research upgraded Hornbeck Offshore Services from a “sell” rating to a “hold” rating in a report on Friday, March 1st. ValuEngine upgraded Hornbeck Offshore Services from a “sell” rating to a “hold” rating in a report on Friday, March 1st.

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About Hornbeck Offshore Services

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 United States 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 Gulf of Mexico in the U.S., Latin America, and internationally.

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Institutional Ownership by Quarter for Hornbeck Offshore Services (NYSE:HOS)

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