California Public Employees Retirement System reduced its stake in shares of Civeo Corporation (NYSE:CVEO) by 1.2% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 1,038,400 shares of the business services provider’s stock after selling 13,100 shares during the period. California Public Employees Retirement System owned approximately 0.86% of Civeo Corporation worth $3,105,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. FMR LLC boosted its position in shares of Civeo Corporation by 36.5% in the first quarter. FMR LLC now owns 17,246,446 shares of the business services provider’s stock valued at $51,567,000 after buying an additional 4,608,507 shares during the last quarter. ClariVest Asset Management LLC boosted its position in shares of Civeo Corporation by 23.7% in the first quarter. ClariVest Asset Management LLC now owns 818,116 shares of the business services provider’s stock valued at $2,446,000 after buying an additional 156,500 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of Civeo Corporation during the first quarter valued at about $155,000. William Blair Investment Management LLC bought a new position in shares of Civeo Corporation during the first quarter valued at about $3,065,000. Finally, Blair William & Co. IL bought a new position in shares of Civeo Corporation during the first quarter valued at about $139,000. Institutional investors and hedge funds own 75.16% of the company’s stock.
Shares of Civeo Corporation (NYSE CVEO) opened at 1.81 on Wednesday. The stock’s market cap is $239.37 million. Civeo Corporation has a 52-week low of $1.00 and a 52-week high of $3.73. The company has a 50-day moving average of $2.05 and a 200 day moving average of $2.64.
Civeo Corporation (NYSE:CVEO) last released its quarterly earnings data on Friday, July 28th. The business services provider reported ($0.11) EPS for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.01. The firm 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%. Equities research analysts forecast that Civeo Corporation will post ($0.52) EPS for the current fiscal year.
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Several research analysts have recently issued reports on the stock. BidaskClub cut shares of Civeo Corporation from a “sell” rating to a “strong sell” rating in a report on Friday, July 28th. Royal Bank Of Canada set a $4.00 price target on shares of Civeo Corporation and gave the company a “hold” rating in a research report on Saturday, June 24th. Finally, ValuEngine upgraded shares of Civeo Corporation from a “strong sell” rating to a “sell” rating in a research report on Friday, June 2nd. Two analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company’s stock. Civeo Corporation has an average rating of “Hold” and a consensus price target of $3.94.
Civeo Corporation Company Profile
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.
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