Russell Investments Group Ltd. raised its position in shares of Civeo Co. (NYSE:CVEO) by 18.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 257,595 shares of the business services provider’s stock after buying an additional 40,215 shares during the quarter. Russell Investments Group Ltd. owned about 0.19% of Civeo worth $734,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Goldman Sachs Group Inc. raised its position in Civeo by 36.9% in the 2nd quarter. Goldman Sachs Group Inc. now owns 195,752 shares of the business services provider’s stock worth $411,000 after buying an additional 52,742 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Civeo by 37.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,235,066 shares of the business services provider’s stock worth $4,694,000 after buying an additional 604,605 shares during the last quarter. PNC Financial Services Group Inc. raised its position in Civeo by 96.0% in the 2nd quarter. PNC Financial Services Group Inc. now owns 231,043 shares of the business services provider’s stock worth $485,000 after buying an additional 113,162 shares during the last quarter. Wells Fargo & Company MN raised its position in Civeo by 116.7% in the 2nd quarter. Wells Fargo & Company MN now owns 90,124 shares of the business services provider’s stock worth $189,000 after buying an additional 48,529 shares during the last quarter. Finally, Parametric Portfolio Associates LLC grew its stake in shares of Civeo by 15.2% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 263,312 shares of the business services provider’s stock valued at $553,000 after purchasing an additional 34,819 shares during the period. 78.62% of the stock is owned by hedge funds and other institutional investors.
Civeo Co. (CVEO) opened at $3.22 on Wednesday. The stock has a market capitalization of $423.23, a P/E ratio of -5.28 and a beta of 4.84. The company has a debt-to-equity ratio of 0.58, a quick ratio of 2.02 and a current ratio of 2.09. Civeo Co. has a 52 week low of $1.57 and a 52 week high of $3.73.
Civeo (NYSE:CVEO) last announced its quarterly earnings data on Thursday, October 26th. The business services provider reported ($0.15) earnings per share (EPS) for the quarter. Civeo had a negative net margin of 19.92% and a negative return on equity of 13.78%.
A number of research firms have issued reports on CVEO. ValuEngine upgraded Civeo from a “sell” rating to a “hold” rating in a research note on Sunday, December 31st. Royal Bank of Canada set a $3.00 price target on Civeo and gave the company a “hold” rating in a research note on Thursday, December 21st. Finally, BidaskClub upgraded Civeo from a “hold” rating to a “buy” rating in a research note on Tuesday, November 7th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $4.17.
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Civeo Corporation is an integrated provider of long-term and temporary remote site accommodations, logistics and facility management services to the natural resource industry. The Company operates in active oil, coal, natural gas and iron ore producing regions, including Canada, Australia and the United States.
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