South Dakota Investment Council Maintains Stake in Civeo Corporation (CVEO)

South Dakota Investment Council held its stake in Civeo Corporation (NYSE:CVEO) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 177,700 shares of the business services provider’s stock at the close of the 2nd quarter. South Dakota Investment Council owned approximately 0.13% of Civeo Corporation worth $373,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in CVEO. Russell Investments Group Ltd. lifted its stake in shares of Civeo Corporation by 3,103.9% during the 1st quarter. Russell Investments Group Ltd. now owns 264,222 shares of the business services provider’s stock valued at $789,000 after buying an additional 255,975 shares in the last quarter. Boston Partners lifted its stake in shares of Civeo Corporation by 2.5% during the 1st quarter. Boston Partners now owns 1,002,923 shares of the business services provider’s stock valued at $2,999,000 after buying an additional 24,307 shares in the last quarter. Comerica Bank purchased a new stake in shares of Civeo Corporation during the 1st quarter valued at approximately $315,000. Engineers Gate Manager LP lifted its stake in Civeo Corporation by 79.9% in the 1st quarter. Engineers Gate Manager LP now owns 115,990 shares of the business services provider’s stock worth $347,000 after purchasing an additional 51,511 shares in the last quarter. Finally, Parametric Portfolio Associates LLC lifted its stake in Civeo Corporation by 231.8% in the 1st quarter. Parametric Portfolio Associates LLC now owns 228,493 shares of the business services provider’s stock worth $683,000 after purchasing an additional 159,628 shares in the last quarter. Institutional investors own 76.16% of the company’s stock.

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Several research firms have issued reports on CVEO. BidaskClub upgraded shares of Civeo Corporation from a “hold” rating to a “buy” rating in a research note on Saturday, September 9th. Royal Bank Of Canada reiterated a “hold” rating and issued a $3.00 target price on shares of Civeo Corporation in a research note on Friday, September 1st. Finally, ValuEngine upgraded shares of Civeo Corporation from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $3.69.

Shares of Civeo Corporation (NYSE:CVEO) opened at 2.59 on Friday. The stock’s market capitalization is $342.52 million. Civeo Corporation has a 1-year low of $1.00 and a 1-year high of $3.73. The firm has a 50-day moving average of $1.96 and a 200 day moving average of $2.40.

Civeo Corporation (NYSE:CVEO) last posted its quarterly earnings results on Friday, July 28th. The business services provider reported ($0.11) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.12) by $0.01. The business had revenue of $92.01 million during the quarter. Civeo Corporation had a negative net margin of 24.80% and a negative return on equity of 12.63%. Analysts predict that Civeo Corporation will post ($0.52) EPS for the current year.

About Civeo Corporation

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.

Institutional Ownership by Quarter for Civeo Corporation (NYSE:CVEO)

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