(NYSE:HOS) is now up by 5.23% percent from yesterday’s close and is one of the top gainers in today’s market. 398,179 shares have been traded.
Company shares are trading at $4.13 quite a bit above $2.79, the stock’s 50 day moving average and which is significantly higher than the 200 day moving average of $2.93. The 50 day moving average was up $1.34 or +47.956% whereas the 200 day moving average was up $1.20 or +40.938%.
Investors are a little more bullish lately if you look at the motion in short interest. The company experienced a fall in short interest between August 15, 2017 and August 31, 2017 of -3.53%. Short shares fell from 9,008,069 to 8,690,507 over that period. The short-interest ratio increased to 19.0 and the short interest percentage is 0.24% as of August 31.
A few notable investment firms have updated their holdings. As of quarter end Gwm Advisors LLC had sold 6,773 shares trimming its position 65.0%. The value of the investment in (HOS) increased from $39,000 to $9,025,000 a change of $8,986,000 quarter over quarter. As of the end of the quarter Jane Street Group, LLC had disposed of a total of 455,235 shares trimming its holdings by 91.0%. The value of the investment in HOS went from $2,215,000 to $127,000 decreasing 94.3% since the last quarter.
As of quarter end Squarepoint Ops LLC had bought a total of 10,956 shares growing its stake by 38.9%. The value in dollars decreased from $125,000 to $111,000 a change of 11.2% quarter to quarter. Ubs Group Ag trimmed its investment by selling 17 shares a decrease of 0.7% from 03/31/2017 to 06/30/2017. Ubs Group Ag claims 2,500 shares valued at $7,000. The value of the position overall is down by 36.4%.
As of the last earnings report the EPS was $-2.28 and is expected to be $-2.98 for the current year with 37,028,000 shares now outstanding. Analysts expect next quarter’s EPS will be $-0.77 with next year’s EPS anticipated to be $-2.87.
Hornbeck Offshore Services Inc., launched on June 2, 1997, is a provider of marine transportation, subsea installation and accommodation support services to exploration and production, oilfield service, offshore construction and the United States military customers. The Company focuses on providing marine solutions to meet the needs of the deepwater and ultradeepwater energy industry in domestic and select foreign locations. The Company, through its subsidiaries, operates offshore supply vessels (OSVs), multi-purpose support vessels (MPSVs), and a shore-base facility to provide logistics support and specialty services to the offshore oil and gas exploration and production industry, primarily in the United States, Gulf of Mexico (GoM), Latin America and selected international markets..