Royce & Associates LP reduced its position in shares of Civeo Co. (NYSE:CVEO - Free Report) by 16.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 78,651 shares of the business services provider's stock after selling 15,280 shares during the period. Royce & Associates LP owned about 0.57% of Civeo worth $1,787,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently modified their holdings of CVEO. Quantbot Technologies LP purchased a new position in Civeo in the third quarter valued at approximately $68,000. SG Americas Securities LLC boosted its holdings in shares of Civeo by 42.4% in the 4th quarter. SG Americas Securities LLC now owns 6,552 shares of the business services provider's stock valued at $149,000 after buying an additional 1,950 shares in the last quarter. State Street Corp acquired a new position in shares of Civeo in the 3rd quarter valued at $222,000. XTX Topco Ltd purchased a new position in shares of Civeo in the 3rd quarter valued at $231,000. Finally, OFI Invest Asset Management acquired a new stake in Civeo during the 4th quarter worth $878,000. Institutional investors and hedge funds own 81.44% of the company's stock.
Analyst Upgrades and Downgrades
Separately, StockNews.com downgraded shares of Civeo from a "strong-buy" rating to a "buy" rating in a research note on Sunday, December 29th.
Get Our Latest Stock Analysis on Civeo
Civeo Stock Performance
NYSE:CVEO traded up $0.62 during mid-day trading on Monday, reaching $21.81. 55,556 shares of the stock were exchanged, compared to its average volume of 64,328. The stock has a market capitalization of $297.74 million, a P/E ratio of 15.58 and a beta of 2.03. Civeo Co. has a 1 year low of $20.26 and a 1 year high of $28.92. The company has a 50 day simple moving average of $23.51 and a 200-day simple moving average of $24.69. The company has a quick ratio of 1.28, a current ratio of 1.36 and a debt-to-equity ratio of 0.18.
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 issued a $0.25 dividend. 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 4.59%. Civeo's payout ratio is -80.00%.
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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