American Century Companies Inc. Acquires 54,532 Shares of Civeo Co. (NYSE:CVEO)

American Century Companies Inc. increased its position in Civeo Co. (NYSE:CVEO - Free Report) by 15.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 398,013 shares of the business services provider's stock after buying an additional 54,532 shares during the period. American Century Companies Inc. owned 2.89% of Civeo worth $9,043,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CVEO. Meros Investment Management LP bought a new position in shares of Civeo in the third quarter valued at $2,332,000. Raymond James Financial Inc. acquired a new stake in shares of Civeo in the 4th quarter worth about $1,452,000. FMR LLC raised its holdings in shares of Civeo by 3.4% in the 3rd quarter. FMR LLC now owns 1,524,352 shares of the business services provider's stock worth $41,767,000 after acquiring an additional 50,400 shares during the last quarter. OFI Invest Asset Management bought a new position in Civeo in the 4th quarter valued at about $878,000. Finally, TCW Group Inc. boosted its stake in Civeo by 4.2% during the 4th quarter. TCW Group Inc. now owns 780,217 shares of the business services provider's stock valued at $17,727,000 after purchasing an additional 31,157 shares during the last quarter. 81.44% of the stock is owned by institutional investors.

Civeo Stock Down 7.2 %

CVEO traded down $1.58 during mid-day trading on Monday, reaching $20.22. 166,904 shares of the stock were exchanged, compared to its average volume of 65,766. Civeo Co. has a 1 year low of $18.00 and a 1 year high of $28.92. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.28 and a current ratio of 1.36. The stock has a market capitalization of $276.10 million, a PE ratio of 14.44 and a beta of 1.54. The company has a 50 day moving average price of $23.21 and a two-hundred day moving average price of $24.32.

Civeo Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, February 24th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 4.95%. The ex-dividend date of this dividend was Monday, February 24th. Civeo's dividend payout ratio (DPR) is presently -80.00%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Civeo from a "buy" rating to a "hold" rating in a report on Monday, March 31st.

About Civeo

Civeo Corporation provides hospitality services to the natural resource industry in Canada, Australia, and the United States. The company develops lodges and villages; and mobile assets, including modular, skid-mounted accommodation, and central facilities that provide short to medium-term accommodation needs.