Royce & Associates LP Reduces Position in Civeo Co. (NYSE:CVEO)

Royce & Associates LP decreased its holdings in Civeo Co. (NYSE:CVEO - Free Report) by 16.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 78,651 shares of the business services provider's stock after selling 15,280 shares during the period. Royce & Associates LP owned 0.57% of Civeo worth $1,787,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in CVEO. FMR LLC boosted its stake in Civeo by 3.4% in the 3rd quarter. FMR LLC now owns 1,524,352 shares of the business services provider's stock worth $41,767,000 after purchasing an additional 50,400 shares during the period. TCW Group Inc. lifted its holdings in shares of Civeo by 4.2% in the fourth quarter. TCW Group Inc. now owns 780,217 shares of the business services provider's stock worth $17,727,000 after buying an additional 31,157 shares in the last quarter. Empowered Funds LLC boosted its position in shares of Civeo by 5.1% during the fourth quarter. Empowered Funds LLC now owns 100,748 shares of the business services provider's stock worth $2,289,000 after acquiring an additional 4,885 shares during the last quarter. Meros Investment Management LP purchased a new position in Civeo during the third quarter valued at $2,332,000. Finally, Connor Clark & Lunn Investment Management Ltd. increased its holdings in Civeo by 25.2% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 72,415 shares of the business services provider's stock valued at $1,645,000 after acquiring an additional 14,583 shares during the last quarter. Hedge funds and other institutional investors own 81.44% of the company's stock.

Civeo Price Performance

Shares of CVEO traded up $0.32 during mid-day trading on Tuesday, hitting $22.16. 79,600 shares of the stock were exchanged, compared to its average volume of 64,327. 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 company has a market cap of $302.57 million, a PE ratio of 15.83 and a beta of 2.03. Civeo Co. has a 52-week low of $20.26 and a 52-week high of $28.92. The firm has a 50-day moving average of $23.51 and a two-hundred day moving average of $24.69.

Civeo Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, February 24th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, February 24th. This represents a $1.00 annualized dividend and a yield of 4.51%. Civeo's dividend payout ratio (DPR) is currently -80.00%.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of Civeo from a "strong-buy" rating to a "buy" rating in a report on Sunday, December 29th.

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.