Boston Partners decreased its position in shares of Civeo Co. (NYSE:CVEO) by 17.6% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,703,073 shares of the business services provider’s stock after selling 364,544 shares during the quarter. Boston Partners owned approximately 1.29% of Civeo worth $6,421,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its holdings in Civeo by 656.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 135,530 shares of the business services provider’s stock worth $390,000 after buying an additional 117,620 shares in the last quarter. M&T Bank Corp lifted its stake in shares of Civeo by 26.4% in the 4th quarter. M&T Bank Corp now owns 86,680 shares of the business services provider’s stock valued at $236,000 after purchasing an additional 18,085 shares during the period. Kirr Marbach & Co. LLC IN acquired a new position in shares of Civeo in the 4th quarter valued at $527,000. Arlington Partners LLC acquired a new position in shares of Civeo in the 4th quarter valued at $456,000. Finally, Lombard Odier Asset Management USA Corp acquired a new position in shares of Civeo in the 4th quarter valued at $2,691,000. 61.00% of the stock is currently owned by hedge funds and other institutional investors.
Civeo opened at $3.51 on Wednesday, Marketbeat.com reports. The company has a quick ratio of 2.06, a current ratio of 2.14 and a debt-to-equity ratio of 0.72. Civeo Co. has a twelve month low of $3.34 and a twelve month high of $3.50.
Civeo (NYSE:CVEO) last posted its quarterly earnings results on Friday, April 27th. The business services provider reported ($0.42) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.14) by ($0.28). The company had revenue of $101.50 million during the quarter. Civeo had a negative net margin of 35.73% and a negative return on equity of 24.52%.
In other news, insider Peter Mccann sold 30,000 shares of the stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $3.68, for a total value of $110,400.00. Following the transaction, the insider now owns 81,914 shares of the company’s stock, valued at approximately $301,443.52. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 1.80% of the company’s stock.
CVEO has been the topic of a number of analyst reports. Royal Bank of Canada set a $5.00 price target on Civeo and gave the company a “hold” rating in a research note on Thursday, March 1st. ValuEngine raised Civeo from a “sell” rating to a “hold” rating in a research note on Friday, February 2nd.
Civeo Corporation offers workforce accommodation, logistics, and facility management services to the natural resource industry in Canada, Australia, the United States, and internationally. The company develops lodges and villages; open camps; and mobile camps, including modular, skid-mounted accommodation, and central facilities that provide long-term and temporary work force accommodations.
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