Hornbeck Offshore Services, Inc. (NYSE:HOS) was in 11 hedge funds’ portfolio at the end of the fourth quarter of 2012. HOS shareholders have witnessed a decrease in activity from the world’s largest hedge funds recently. There were 13 hedge funds in our database with HOS positions at the end of the previous quarter.
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With all of this in mind, it’s important to take a glance at the key action regarding Hornbeck Offshore Services, Inc. (NYSE:HOS).
Hedge fund activity in Hornbeck Offshore Services, Inc. (NYSE:HOS)
Heading into 2013, a total of 11 of the hedge funds we track were long in this stock, a change of -15% from the previous quarter. With hedgies’ capital changing hands, there exists a select group of key hedge fund managers who were upping their holdings substantially.
When looking at the hedgies we track, Debra Fine’s Fine Capital Partners had the most valuable position in Hornbeck Offshore Services, Inc. (NYSE:HOS), worth close to $64 million, accounting for 6.4% of its total 13F portfolio. Sitting at the No. 2 spot is Israel Englander of Millennium Management, with a $12 million position; 0.5% of its 13F portfolio is allocated to the stock. Other peers with similar optimism include SAC Subsidiary’s Sigma Capital Management, Richard Driehaus’s Driehaus Capital and D. E. Shaw’s D E Shaw.
Judging by the fact that Hornbeck Offshore Services, Inc. (NYSE:HOS) has faced bearish sentiment from the entirety of the hedge funds we track, it’s easy to see that there were a few funds that decided to sell off their entire stakes last quarter. At the top of the heap, Brian Taylor’s Pine River Capital Management said goodbye to the largest position of all the hedgies we track, comprising about $6 million in stock., and Peter Rathjens, Bruce Clarke and John Campbell of Arrowstreet Capital was right behind this move, as the fund said goodbye to about $2 million worth. These transactions are intriguing to say the least, as total hedge fund interest dropped by 2 funds last quarter.
Insider trading activity in Hornbeck Offshore Services, Inc. (NYSE:HOS)
Bullish insider trading is at its handiest when the company in question has experienced transactions within the past 180 days. Over the latest 180-day time period, Hornbeck Offshore Services, Inc. (NYSE:HOS) has experienced zero unique insiders purchasing, and 6 insider sales (see the details of insider trades here).
Let’s check out hedge fund and insider activity in other stocks similar to Hornbeck Offshore Services, Inc. (NYSE:HOS). These stocks are C&J Energy Services Inc (NYSE:CJES), Exterran Partners, L.P. (NASDAQ:EXLP), Energy XXI (Bermuda) Limited (NASDAQ:EXXI), CARBO Ceramics Inc. (NYSE:CRR), and Exterran Holdings, Inc. (NYSE:EXH). This group of stocks belong to the oil & gas equipment & services industry and their market caps resemble HOS’s market cap.
|Company Name||# of Hedge Funds||# of Insiders Buying||# of Insiders Selling|
|C&J Energy Services Inc (NYSE:CJES)||9||0||3|
|Exterran Partners, L.P. (NASDAQ:EXLP)||2||0||7|
|Energy XXI (Bermuda) Limited (NASDAQ:EXXI)||21||5||5|
|CARBO Ceramics Inc. (NYSE:CRR)||13||1||1|
|Exterran Holdings, Inc. (NYSE:EXH)||16||0||6|
With the results demonstrated by Insider Monkey’s strategies, retail investors should always monitor hedge fund and insider trading activity, and Hornbeck Offshore Services, Inc. (NYSE:HOS) applies perfectly to this mantra.