Civeo Co. (NYSE:CVEO) Stock Holdings Decreased by Horizon Kinetics Asset Management LLC

Horizon Kinetics Asset Management LLC cut its stake in Civeo Co. (NYSE:CVEO - Free Report) by 1.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,251,609 shares of the business services provider's stock after selling 34,337 shares during the period. Civeo accounts for approximately 1.3% of Horizon Kinetics Asset Management LLC's investment portfolio, making the stock its 8th largest holding. Horizon Kinetics Asset Management LLC owned 23.61% of Civeo worth $89,094,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in CVEO. O Shaughnessy Asset Management LLC raised its holdings in shares of Civeo by 41.2% during the first quarter. O Shaughnessy Asset Management LLC now owns 15,691 shares of the business services provider's stock valued at $421,000 after buying an additional 4,577 shares during the last quarter. Lazard Asset Management LLC grew its stake in shares of Civeo by 42.6% in the first quarter. Lazard Asset Management LLC now owns 10,773 shares of the business services provider's stock worth $289,000 after purchasing an additional 3,220 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Civeo during the second quarter valued at $128,000. TCW Group Inc. raised its stake in shares of Civeo by 1.0% during the second quarter. TCW Group Inc. now owns 761,574 shares of the business services provider's stock valued at $18,978,000 after purchasing an additional 7,339 shares in the last quarter. Finally, OFI Invest Asset Management acquired a new stake in Civeo in the second quarter worth about $930,000. 81.44% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have commented on CVEO shares. Stifel Nicolaus reissued a "buy" rating and set a $32.00 target price (up previously from $31.00) on shares of Civeo in a research note on Wednesday, July 31st. StockNews.com cut Civeo from a "strong-buy" rating to a "buy" rating in a report on Friday, November 1st.

Civeo Price Performance

NYSE:CVEO traded down $0.26 during mid-day trading on Monday, reaching $23.94. 78,019 shares of the stock were exchanged, compared to its average volume of 52,250. The company has a current ratio of 1.36, a quick ratio of 1.28 and a debt-to-equity ratio of 0.18. The business has a fifty day moving average price of $26.85 and a 200 day moving average price of $25.90. Civeo Co. has a 1-year low of $21.44 and a 1-year high of $28.92. The firm has a market capitalization of $329.65 million, a PE ratio of 17.46 and a beta of 2.06.

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

Civeo Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, November 25th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.18%. The ex-dividend date of this dividend is Monday, November 25th. Civeo's payout ratio is 71.43%.

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.