Boston Partners increased its stake in shares of Civeo Co. (NYSE:CVEO - Free Report) by 22.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 139,434 shares of the business services provider's stock after purchasing an additional 25,726 shares during the quarter. Boston Partners owned 1.01% of Civeo worth $3,168,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of the stock. Quantbot Technologies LP purchased a new position in Civeo in the third quarter valued at $68,000. SG Americas Securities LLC raised its position in shares of Civeo by 42.4% during the 4th quarter. SG Americas Securities LLC now owns 6,552 shares of the business services provider's stock worth $149,000 after acquiring an additional 1,950 shares in the last quarter. State Street Corp purchased a new stake in Civeo during the third quarter worth approximately $222,000. XTX Topco Ltd acquired a new position in Civeo in the third quarter valued at approximately $231,000. Finally, OFI Invest Asset Management acquired a new stake in Civeo during the fourth quarter worth approximately $878,000. Hedge funds and other institutional investors own 81.44% of the company's stock.
Civeo Stock Performance
Shares of NYSE CVEO traded up $0.31 during trading hours on Wednesday, reaching $22.42. The stock had a trading volume of 99,818 shares, compared to its average volume of 112,593. The firm has a 50-day moving average of $23.48 and a 200-day moving average of $24.65. The firm has a market cap of $306.12 million, a price-to-earnings ratio of 16.01 and a beta of 2.03. The company has a current ratio of 1.36, a quick ratio of 1.28 and a debt-to-equity ratio of 0.18. Civeo Co. has a fifty-two week low of $20.26 and a fifty-two week high of $28.92.
Civeo Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, February 24th were given a $0.25 dividend. The ex-dividend date was Monday, February 24th. This represents a $1.00 annualized dividend and a yield of 4.46%. Civeo's dividend payout ratio (DPR) is -80.00%.
Analyst Ratings Changes
Separately, StockNews.com cut shares of Civeo from a "strong-buy" rating to a "buy" rating in a report on Sunday, December 29th.
Read Our Latest Analysis on CVEO
About Civeo
(
Free Report)
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.
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