Waterfront Capital Partners LLC bought a new position in shares of Civeo Co. (NYSE:CVEO) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 469,707 shares of the business services provider’s stock, valued at approximately $1,404,000. Waterfront Capital Partners LLC owned 0.39% of Civeo as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in CVEO. M&T Bank Corp raised its position in shares of Civeo by 2.8% in the first quarter. M&T Bank Corp now owns 65,000 shares of the business services provider’s stock worth $194,000 after buying an additional 1,766 shares during the last quarter. Comerica Bank acquired a new position in shares of Civeo during the first quarter worth about $315,000. Engineers Gate Manager LP raised its position in shares of Civeo by 79.9% in the first quarter. Engineers Gate Manager LP now owns 115,990 shares of the business services provider’s stock worth $347,000 after buying an additional 51,511 shares during the last quarter. JBF Capital Inc. raised its position in shares of Civeo by 37,690.0% in the third quarter. JBF Capital Inc. now owns 377,900 shares of the business services provider’s stock worth $431,000 after buying an additional 376,900 shares during the last quarter. Finally, Two Sigma Investments LP raised its position in shares of Civeo by 304.4% in the fourth quarter. Two Sigma Investments LP now owns 288,608 shares of the business services provider’s stock worth $635,000 after buying an additional 217,241 shares during the last quarter. 64.07% of the stock is currently owned by institutional investors.
Civeo Co. (NYSE:CVEO) traded up 3.11% during midday trading on Friday, hitting $2.32. The company had a trading volume of 531,005 shares. The company’s 50 day moving average is $2.89 and its 200-day moving average is $2.64. Civeo Co. has a one year low of $1.00 and a one year high of $3.73. The company’s market cap is $306.26 million.
Civeo (NYSE:CVEO) last released its earnings results on Friday, April 28th. The business services provider reported ($0.17) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.12) by $0.05. The business had revenue of $91.43 million during the quarter. Civeo had a negative net margin of 22.56% and a negative return on equity of 10.02%. On average, equities analysts predict that Civeo Co. will post ($0.54) EPS for the current year.
A number of equities analysts have issued reports on the company. Royal Bank of Canada assumed coverage on Civeo in a research report on Friday, April 7th. They issued a “sector perform” rating and a $3.50 target price on the stock. Scotiabank reaffirmed a “buy” rating and issued a $4.50 target price on shares of Civeo in a research report on Wednesday, March 22nd. Finally, Craig Hallum assumed coverage on Civeo in a research report on Wednesday, March 22nd. They issued a “buy” rating and a $5.00 target price on the stock. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $3.65.
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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