Wellington Management Group LLP Has $9.38 Million Holdings in Civeo Co. (NYSE:CVEO)

Wellington Management Group LLP trimmed its position in Civeo Co. (NYSE:CVEO - Free Report) by 18.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 342,286 shares of the business services provider's stock after selling 79,714 shares during the quarter. Wellington Management Group LLP owned approximately 2.49% of Civeo worth $9,379,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. SG Americas Securities LLC acquired a new stake in Civeo during the 2nd quarter valued at $128,000. Raymond James & Associates boosted its holdings in shares of Civeo by 0.8% during the 2nd quarter. Raymond James & Associates now owns 67,555 shares of the business services provider's stock worth $1,683,000 after buying an additional 561 shares during the period. Acadian Asset Management LLC grew its stake in Civeo by 58.1% in the 2nd quarter. Acadian Asset Management LLC now owns 226,334 shares of the business services provider's stock valued at $5,634,000 after buying an additional 83,145 shares during the last quarter. American Century Companies Inc. lifted its position in Civeo by 22.4% during the second quarter. American Century Companies Inc. now owns 254,998 shares of the business services provider's stock worth $6,355,000 after acquiring an additional 46,633 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Civeo by 10.0% during the second quarter. Dimensional Fund Advisors LP now owns 439,427 shares of the business services provider's stock worth $10,950,000 after acquiring an additional 39,987 shares during the period. 81.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Civeo from a "strong-buy" rating to a "buy" rating in a report on Friday.

Civeo Stock Performance

Shares of Civeo stock traded down $0.41 during trading on Monday, reaching $22.46. The company's stock had a trading volume of 52,960 shares, compared to its average volume of 53,449. 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 business's 50-day moving average price is $25.50 and its 200-day moving average price is $25.76. Civeo Co. has a 52 week low of $21.44 and a 52 week high of $28.92. The firm has a market cap of $309.34 million, a PE ratio of 16.29 and a beta of 2.03.

Civeo (NYSE:CVEO - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The business services provider reported ($0.36) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.02 by ($0.38). Civeo had a net margin of 3.00% and a return on equity of 0.11%. The business had revenue of $176.34 million during the quarter, compared to the consensus estimate of $172.59 million. During the same period in the prior year, the firm earned $0.61 EPS. Equities analysts forecast that Civeo Co. will post -0.58 earnings per share for the current year.

Civeo Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, November 25th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Monday, November 25th. This represents a $1.00 annualized dividend and a yield of 4.45%. Civeo's dividend payout ratio is presently 71.43%.

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.