Marshall Wace LLP Sells 10,162 Shares of Civeo Co. (NYSE:CVEO)

Marshall Wace LLP decreased its position in shares of Civeo Co. (NYSE:CVEO) by 14.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 60,439 shares of the business services provider’s stock after selling 10,162 shares during the period. Marshall Wace LLP owned 0.44% of Civeo worth $1,373,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in CVEO. State Street Corp purchased a new stake in Civeo during the 3rd quarter valued at approximately $222,000. SG Americas Securities LLC grew its holdings in Civeo by 42.4% during 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. Empowered Funds LLC grew its holdings in Civeo by 5.1% during the 4th quarter. Empowered Funds LLC now owns 100,748 shares of the business services provider’s stock valued at $2,289,000 after buying an additional 4,885 shares in the last quarter. TCW Group Inc. grew its holdings in Civeo by 4.2% during the 4th quarter. TCW Group Inc. now owns 780,217 shares of the business services provider’s stock valued at $17,727,000 after buying an additional 31,157 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in Civeo during the 4th quarter valued at approximately $1,452,000. 81.44% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CVEO has been the subject of a number of research analyst reports. Stifel Nicolaus cut their price objective on shares of Civeo from $30.00 to $28.00 and set a “buy” rating for the company in a report on Tuesday, April 15th. StockNews.com lowered shares of Civeo from a “buy” rating to a “hold” rating in a report on Monday, March 31st.

Civeo Price Performance

CVEO stock opened at $20.10 on Tuesday. Civeo Co. has a 12 month low of $18.99 and a 12 month high of $28.92. The company has a current ratio of 1.36, a quick ratio of 1.28 and a debt-to-equity ratio of 0.18. The company has a 50-day moving average price of $21.72 and a 200 day moving average price of $23.42. The stock has a market cap of $272.33 million, a PE ratio of 14.36 and a beta of 1.54.

Civeo Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, February 24th were given a $0.25 dividend. The ex-dividend date was Monday, February 24th. This represents a $1.00 annualized dividend and a yield of 4.98%. Civeo’s dividend payout ratio (DPR) is -80.00%.

Civeo 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.