Quantbot Technologies LP Makes New $68,000 Investment in Civeo Co. (NYSE:CVEO)

Quantbot Technologies LP bought a new stake in Civeo Co. (NYSE:CVEO) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,497 shares of the business services provider’s stock, valued at approximately $68,000.

Other hedge funds also recently modified their holdings of the company. FMR LLC lifted its stake in Civeo by 3.4% during the 3rd quarter. FMR LLC now owns 1,524,352 shares of the business services provider’s stock valued at $41,767,000 after acquiring an additional 50,400 shares in the last quarter. TCW Group Inc. raised its holdings in shares of Civeo by 1.0% in the second quarter. TCW Group Inc. now owns 761,574 shares of the business services provider’s stock valued at $18,978,000 after purchasing an additional 7,339 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Civeo by 10.0% during the second quarter. Dimensional Fund Advisors LP now owns 439,427 shares of the business services provider’s stock valued at $10,950,000 after purchasing an additional 39,987 shares in the last quarter. American Century Companies Inc. boosted its holdings in Civeo by 22.4% during the second quarter. American Century Companies Inc. now owns 254,998 shares of the business services provider’s stock worth $6,355,000 after purchasing an additional 46,633 shares during the last quarter. Finally, Acadian Asset Management LLC grew its position in Civeo by 58.1% in the 2nd quarter. Acadian Asset Management LLC now owns 226,334 shares of the business services provider’s stock worth $5,634,000 after purchasing an additional 83,145 shares in the last quarter. Hedge funds and other institutional investors own 81.44% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Civeo from a “buy” rating to a “strong-buy” rating in a research note on Friday, November 29th.

Civeo Trading Down 0.8 %

Shares of Civeo stock opened at $22.70 on Friday. The stock has a fifty day moving average price of $25.89 and a 200-day moving average price of $25.77. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.36 and a quick ratio of 1.28. The firm has a market cap of $312.58 million, a PE ratio of 16.21 and a beta of 2.03. Civeo Co. has a 1 year low of $21.44 and a 1 year high of $28.92.

Civeo (NYSE:CVEO) last announced its quarterly earnings data on Wednesday, October 30th. The business services provider reported ($0.36) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.38). Civeo had a return on equity of 0.11% and a net margin of 3.00%. The company had revenue of $176.34 million during the quarter, compared to the consensus estimate of $172.59 million. During the same period in the prior year, the firm posted $0.61 EPS. Equities research analysts anticipate that Civeo Co. will post -0.58 EPS for the current year.

Civeo Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, November 25th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 4.41%. The ex-dividend date is Monday, November 25th. Civeo’s dividend payout ratio (DPR) is 71.43%.

About Civeo

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.