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

Hornbeck Offshore Services, Inc. (NYSE:HOS) CEO Todd Hornbeck purchased 189,570 shares of the firm’s stock in a transaction that occurred on Tuesday, November 10th. The stock was bought at an average price of $5.28 per share, with a total value of $1,000,929.60. Following the transaction, the chief executive officer directly owned 5,859,218 shares in the company, valued at $30,936,671.04. This trade represents a 3.34% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Hornbeck Offshore Services Trading Up 4.4%

Shares of HOS opened at $5.82 on Friday. The business has a 50-day moving average of $7.44. The stock has a market cap of $857.01 million, a PE ratio of 18.57 and a beta of 1.31. Hornbeck Offshore Services, Inc. has a 1-year low of $5.14 and a 1-year high of $11.13. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.00 and a quick ratio of 3.47.

Hornbeck Offshore Services (NYSE:HOS) last posted its quarterly earnings data on Monday, November 9th. The company reported ($0.40) EPS 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 in the previous year, the business earned $0.28 EPS. On average, research analysts predict that Hornbeck Offshore Services, Inc. will post 0.28 earnings per share for the current year.

Institutional Trading of Hornbeck Offshore Services

A number of hedge funds have recently made changes to their positions in HOS. Meeder Advisory Services Inc. acquired a new position in Hornbeck Offshore Services in the 3rd quarter valued at approximately $123,000. First Trust Advisors LP acquired a new stake in shares of Hornbeck Offshore Services during the 3rd quarter valued at $4,218,000. Group One Trading LLC acquired a new stake in shares of Hornbeck Offshore Services during the 3rd quarter valued at $27,000. Boston Partners acquired a new stake in shares of Hornbeck Offshore Services during the 3rd quarter valued at $20,400,000. Finally, Valueworks LLC purchased a new position in shares of Hornbeck Offshore Services during the 3rd quarter valued at $28,572,000. 91.33% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Wall Street Zen downgraded shares of Hornbeck Offshore Services from a “buy” rating to a “hold” rating in a research report on Monday.

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.