Ancora Advisors LLC reduced its stake in Civeo Corp (NYSE:CVEO) by 14.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 596,403 shares of the business services provider’s stock after selling 104,405 shares during the period. Ancora Advisors LLC owned about 0.35% of Civeo worth $1,026,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Brave Asset Management Inc. bought a new position in Civeo in the 2nd quarter valued at approximately $34,000. JPMorgan Chase & Co. bought a new position in Civeo in the 2nd quarter valued at approximately $34,000. Measured Wealth Private Client Group LLC raised its holdings in Civeo by 66.8% in the 1st quarter. Measured Wealth Private Client Group LLC now owns 22,981 shares of the business services provider’s stock valued at $48,000 after buying an additional 9,202 shares during the last quarter. Millennium Management LLC bought a new position in Civeo in the 4th quarter valued at approximately $109,000. Finally, Envestnet Asset Management Inc. raised its holdings in Civeo by 148.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 74,777 shares of the business services provider’s stock valued at $129,000 after buying an additional 44,715 shares during the last quarter. Institutional investors own 66.07% of the company’s stock.
Several research analysts have issued reports on CVEO shares. Zacks Investment Research lowered shares of Civeo from a “hold” rating to a “sell” rating in a report on Friday, September 6th. Stifel Nicolaus set a $4.00 price target on shares of Civeo and gave the stock a “buy” rating in a report on Wednesday, July 3rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $3.67.
Shares of CVEO stock opened at $1.35 on Friday. Civeo Corp has a 52 week low of $1.12 and a 52 week high of $4.43. The company has a quick ratio of 1.36, a current ratio of 1.41 and a debt-to-equity ratio of 0.85. The firm has a 50 day moving average of $1.45 and a 200-day moving average of $1.77.
Civeo (NYSE:CVEO) last announced its quarterly earnings data on Monday, July 29th. The business services provider reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.07) by $0.01. The company had revenue of $122.15 million during the quarter, compared to the consensus estimate of $117.40 million. Civeo had a negative net margin of 12.64% and a negative return on equity of 11.21%. Research analysts expect that Civeo Corp will post -0.23 EPS for the current year.
Civeo Corporation provides hospitality services to the natural resource industry in Canada, Australia, the United States, and internationally. The company develops lodges and villages; and mobile accommodations, including modular, skid-mounted accommodation, and central facilities that provide long-term and temporary work force accommodations.
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