Civeo Co. (NYSE:CVEO) Shares Sold by HighTower Advisors LLC

HighTower Advisors LLC reduced its position in Civeo Co. (NYSE:CVEO) by 27.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 12,109 shares of the business services provider’s stock after selling 4,578 shares during the quarter. HighTower Advisors LLC’s holdings in Civeo were worth $333,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Quantbot Technologies LP purchased a new stake in shares of Civeo in the third quarter worth about $68,000. FMR LLC boosted its holdings in Civeo by 3.4% in the 3rd quarter. FMR LLC now owns 1,524,352 shares of the business services provider’s stock worth $41,767,000 after acquiring an additional 50,400 shares during the period. Empowered Funds LLC grew its position in Civeo by 5.3% in the third quarter. Empowered Funds LLC now owns 95,863 shares of the business services provider’s stock valued at $2,627,000 after acquiring an additional 4,824 shares in the last quarter. Royce & Associates LP grew its position in Civeo by 19.0% in the third quarter. Royce & Associates LP now owns 93,931 shares of the business services provider’s stock valued at $2,574,000 after acquiring an additional 15,002 shares in the last quarter. Finally, Ritholtz Wealth Management purchased a new stake in shares of Civeo during the third quarter valued at approximately $298,000. 81.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Civeo from a “buy” rating to a “strong-buy” rating in a report on Saturday.

Civeo Trading Down 1.2 %

Shares of CVEO opened at $21.43 on Tuesday. Civeo Co. has a one year low of $21.15 and a one year high of $28.92. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.28 and a current ratio of 1.36. The company has a market capitalization of $295.16 million, a P/E ratio of 15.31 and a beta of 2.04. The stock has a 50-day moving average price of $24.93 and a 200 day moving average price of $25.69.

Civeo (NYSE:CVEO) last posted its quarterly earnings data on Wednesday, October 30th. The business services provider reported ($0.36) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.38). The company had revenue of $176.34 million for the quarter, compared to the consensus estimate of $172.59 million. Civeo had a net margin of 3.00% and a return on equity of 0.11%. During the same quarter last year, the company earned $0.61 earnings per share. Sell-side analysts forecast that Civeo Co. will post -0.58 EPS for the current fiscal year.

Civeo Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, November 25th were paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, November 25th. This represents a $1.00 dividend on an annualized basis and a yield of 4.67%. 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.