Horizon Kinetics Asset Management LLC Trims Stake in Civeo Co. (NYSE:CVEO)

Horizon Kinetics Asset Management LLC trimmed its stake in Civeo Co. (NYSE:CVEO - Free Report) by 5.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,064,019 shares of the business services provider's stock after selling 187,590 shares during the quarter. Civeo accounts for 0.9% of Horizon Kinetics Asset Management LLC's portfolio, making the stock its 14th biggest holding. Horizon Kinetics Asset Management LLC owned about 22.25% of Civeo worth $69,615,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of CVEO. SG Americas Securities LLC lifted its position in Civeo by 42.4% during the fourth 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 during the period. Quantbot Technologies LP purchased a new position in shares of Civeo during the 3rd quarter valued at $68,000. Empowered Funds LLC boosted its stake in shares of Civeo by 5.3% in the third quarter. Empowered Funds LLC now owns 95,863 shares of the business services provider's stock worth $2,627,000 after acquiring an additional 4,824 shares during the period. State Street Corp purchased a new position in Civeo in the 3rd quarter worth approximately $222,000. Finally, XTX Topco Ltd bought a new position in shares of Civeo during the third quarter worth $231,000. 81.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com lowered Civeo from a "strong-buy" rating to a "buy" rating in a research note on Sunday, December 29th.

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Civeo Trading Down 1.3 %

CVEO stock traded down $0.29 during midday trading on Friday, reaching $21.31. 159,284 shares of the company traded hands, compared to its average volume of 64,523. The firm has a market capitalization of $291.02 million, a price-to-earnings ratio of 15.22 and a beta of 2.03. 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 business has a 50 day moving average of $23.60 and a 200-day moving average of $24.83. Civeo Co. has a 52-week low of $20.26 and a 52-week high of $28.92.

Civeo Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, February 24th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, February 24th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.69%. Civeo's dividend payout ratio is -80.00%.

Civeo 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.