California Public Employees Retirement System lowered its stake in shares of Hornbeck Offshore Services, Inc. (NYSE:HOS) by 11.7% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 156,517 shares of the oil and gas company’s stock after selling 20,766 shares during the quarter. California Public Employees Retirement System’s holdings in Hornbeck Offshore Services were worth $225,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc grew its position in shares of Hornbeck Offshore Services by 20.0% during the third quarter. Vanguard Group Inc now owns 1,476,554 shares of the oil and gas company’s stock worth $8,682,000 after buying an additional 246,050 shares in the last quarter. Renaissance Technologies LLC grew its position in shares of Hornbeck Offshore Services by 36.8% during the third quarter. Renaissance Technologies LLC now owns 681,540 shares of the oil and gas company’s stock worth $4,007,000 after buying an additional 183,500 shares in the last quarter. Mackenzie Financial Corp grew its position in shares of Hornbeck Offshore Services by 13.7% during the third quarter. Mackenzie Financial Corp now owns 1,932,909 shares of the oil and gas company’s stock worth $11,366,000 after buying an additional 232,909 shares in the last quarter. Acadian Asset Management LLC grew its position in shares of Hornbeck Offshore Services by 72.1% during the fourth quarter. Acadian Asset Management LLC now owns 48,390 shares of the oil and gas company’s stock worth $70,000 after buying an additional 20,267 shares in the last quarter. Finally, Vanguard Group Inc. grew its position in shares of Hornbeck Offshore Services by 20.0% during the third quarter. Vanguard Group Inc. now owns 1,476,554 shares of the oil and gas company’s stock worth $8,682,000 after buying an additional 246,050 shares in the last quarter. 63.24% of the stock is owned by institutional investors and hedge funds.

HOS has been the subject of a number of recent analyst reports. ValuEngine raised shares of Hornbeck Offshore Services from a “sell” rating to a “hold” rating in a research report on Friday, March 1st. Zacks Investment Research downgraded shares of Hornbeck Offshore Services from a “hold” rating to a “sell” rating in a research report on Thursday, March 7th.

HOS stock opened at $1.47 on Thursday. Hornbeck Offshore Services, Inc. has a twelve month low of $1.02 and a twelve month high of $6.14. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.86 and a quick ratio of 1.86. The company has a market cap of $52.78 million, a PE ratio of -0.45 and a beta of 2.26.

Hornbeck Offshore Services (NYSE:HOS) last released its quarterly earnings results on Wednesday, February 13th. The oil and gas company reported ($0.79) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.85) by $0.06. The business had revenue of $53.92 million during the quarter, compared to the consensus estimate of $57.10 million. Hornbeck Offshore Services had a negative net margin of 56.08% and a negative return on equity of 9.09%. On average, analysts anticipate that Hornbeck Offshore Services, Inc. will post -2.6 EPS for the current year.

TRADEMARK VIOLATION NOTICE: This piece was reported by Watch List News and is the property of of Watch List News. If you are accessing this piece on another site, it was illegally stolen and reposted in violation of U.S. and international copyright law. The legal version of this piece can be read at https://www.watchlistnews.com/hornbeck-offshore-services-inc-hos-stake-decreased-by-california-public-employees-retirement-system/2953889.html.

Hornbeck Offshore Services Profile

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 in the U.S.

See Also: Why is a lock-up period needed for an IPO?

Want to see what other hedge funds are holding HOS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hornbeck Offshore Services, Inc. (NYSE:HOS).

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

Receive News & Ratings for Hornbeck Offshore Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hornbeck Offshore Services and related companies with MarketBeat.com's FREE daily email newsletter.