Civeo Co. (NYSE:CVEO) Shares Bought by Invenomic Capital Management LP

Invenomic Capital Management LP boosted its stake in shares of Civeo Co. (NYSE:CVEOGet Rating) by 2.0% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 95,721 shares of the business services provider’s stock after purchasing an additional 1,908 shares during the period. Invenomic Capital Management LP owned approximately 0.67% of Civeo worth $1,835,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. TCW Group Inc. boosted its stake in shares of Civeo by 37.7% during the 4th quarter. TCW Group Inc. now owns 423,378 shares of the business services provider’s stock worth $8,117,000 after acquiring an additional 115,909 shares in the last quarter. Brown Advisory Inc. boosted its stake in shares of Civeo by 0.6% during the 4th quarter. Brown Advisory Inc. now owns 289,316 shares of the business services provider’s stock worth $5,546,000 after acquiring an additional 1,660 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Civeo by 1.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 231,266 shares of the business services provider’s stock worth $4,433,000 after acquiring an additional 3,350 shares in the last quarter. Morgan Stanley boosted its stake in shares of Civeo by 8.5% during the 3rd quarter. Morgan Stanley now owns 51,283 shares of the business services provider’s stock worth $1,153,000 after acquiring an additional 4,007 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its stake in shares of Civeo by 15.8% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 48,303 shares of the business services provider’s stock worth $1,086,000 after acquiring an additional 6,588 shares in the last quarter. 72.02% of the stock is currently owned by institutional investors.

CVEO has been the topic of several recent analyst reports. StockNews.com initiated coverage on shares of Civeo in a research note on Thursday, March 31st. They set a “strong-buy” rating on the stock. Zacks Investment Research raised shares of Civeo from a “hold” rating to a “strong-buy” rating and set a $33.00 target price on the stock in a research note on Tuesday, May 3rd.

Civeo stock traded down $0.39 during midday trading on Friday, reaching $26.14. The company had a trading volume of 32,949 shares, compared to its average volume of 42,454. The company has a market capitalization of $370.14 million, a P/E ratio of 42.85, a P/E/G ratio of 4.91 and a beta of 2.99. Civeo Co. has a 12-month low of $15.25 and a 12-month high of $30.99. The firm’s fifty day simple moving average is $25.21 and its 200-day simple moving average is $22.63. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.36 and a quick ratio of 1.30.

Civeo (NYSE:CVEOGet Rating) last issued its quarterly earnings results on Friday, April 29th. The business services provider reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.31) by $0.37. Civeo had a net margin of 1.93% and a return on equity of 6.14%. During the same period last year, the firm posted ($0.70) EPS. On average, analysts expect that Civeo Co. will post 0.54 EPS for the current fiscal year.

In other Civeo news, SVP Allan Schoening sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, March 7th. The shares were sold at an average price of $23.41, for a total value of $117,050.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Peter Mccann sold 6,650 shares of the firm’s stock in a transaction that occurred on Friday, February 25th. The stock was sold at an average price of $22.49, for a total transaction of $149,558.50. The disclosure for this sale can be found here. Insiders sold a total of 970,125 shares of company stock worth $22,071,915 over the last ninety days. 3.80% of the stock is currently owned by corporate insiders.

About Civeo (Get Rating)

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 accommodations, including modular, skid-mounted accommodation, and central facilities that provide long-term and temporary work force accommodations.

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Institutional Ownership by Quarter for Civeo (NYSE:CVEO)

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