Arrowstreet Capital Limited Partnership Acquires 66,097 Shares of Civeo Co. (NYSE:CVEO)

Arrowstreet Capital Limited Partnership raised its position in Civeo Co. (NYSE:CVEO - Free Report) by 63.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 170,118 shares of the business services provider's stock after acquiring an additional 66,097 shares during the period. Arrowstreet Capital Limited Partnership owned about 1.24% of Civeo worth $3,865,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. SG Americas Securities LLC boosted its stake in shares of Civeo by 42.4% in the 4th quarter. SG Americas Securities LLC now owns 6,552 shares of the business services provider's stock valued at $149,000 after purchasing an additional 1,950 shares in the last quarter. State Street Corp acquired a new position in Civeo in the third quarter valued at about $222,000. XTX Topco Ltd bought a new stake in Civeo during the third quarter worth about $231,000. JPMorgan Chase & Co. increased its holdings in shares of Civeo by 4.8% during the fourth quarter. JPMorgan Chase & Co. now owns 19,707 shares of the business services provider's stock worth $448,000 after buying an additional 894 shares in the last quarter. Finally, LPL Financial LLC raised its stake in shares of Civeo by 11.1% in the fourth quarter. LPL Financial LLC now owns 25,687 shares of the business services provider's stock valued at $584,000 after acquiring an additional 2,575 shares during the last quarter. Institutional investors and hedge funds own 81.44% of the company's stock.

Civeo Trading Up 2.1 %

NYSE CVEO traded up $0.41 on Monday, reaching $19.89. The company had a trading volume of 418 shares, compared to its average volume of 107,745. Civeo Co. has a 52 week low of $18.99 and a 52 week high of $28.92. The stock's 50 day moving average is $22.80 and its 200-day moving average is $24.01. The company has a quick ratio of 1.28, a current ratio of 1.36 and a debt-to-equity ratio of 0.18. The stock has a market cap of $271.58 million, a price-to-earnings ratio of 14.21 and a beta of 1.54.

Civeo Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, February 24th were issued a $0.25 dividend. The ex-dividend date was Monday, February 24th. This represents a $1.00 annualized dividend and a dividend yield of 5.03%. Civeo's dividend payout ratio (DPR) is currently -80.00%.

Wall Street Analysts Forecast Growth

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

Civeo Company Profile

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.