Dimensional Fund Advisors LP Has $21.56 Million Position in Civeo Corp (CVEO)

Dimensional Fund Advisors LP boosted its holdings in shares of Civeo Corp (NYSE:CVEO) by 8.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,195,380 shares of the business services provider’s stock after acquiring an additional 385,809 shares during the period. Dimensional Fund Advisors LP’s holdings in Civeo were worth $21,560,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. Renaissance Technologies LLC lifted its holdings in Civeo by 10.5% during the second quarter. Renaissance Technologies LLC now owns 9,348,600 shares of the business services provider’s stock worth $40,760,000 after acquiring an additional 888,900 shares in the last quarter. Prescott Group Capital Management L.L.C. lifted its holdings in Civeo by 3.6% during the third quarter. Prescott Group Capital Management L.L.C. now owns 4,328,856 shares of the business services provider’s stock worth $17,965,000 after acquiring an additional 150,990 shares in the last quarter. 22NW LP lifted its holdings in Civeo by 29.2% during the third quarter. 22NW LP now owns 908,722 shares of the business services provider’s stock worth $3,771,000 after acquiring an additional 205,600 shares in the last quarter. Raymond James & Associates lifted its holdings in Civeo by 15.9% during the second quarter. Raymond James & Associates now owns 372,223 shares of the business services provider’s stock worth $1,623,000 after acquiring an additional 51,147 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its holdings in Civeo by 8.4% during the second quarter. PNC Financial Services Group Inc. now owns 241,331 shares of the business services provider’s stock worth $1,052,000 after acquiring an additional 18,672 shares in the last quarter. Hedge funds and other institutional investors own 66.69% of the company’s stock.

Several research analysts have weighed in on the company. Stifel Nicolaus set a $5.00 target price on Civeo and gave the stock a “buy” rating in a report on Friday, September 28th. TheStreet lowered Civeo from a “c-” rating to a “d” rating in a report on Wednesday, October 31st. Craig Hallum set a $4.00 target price on Civeo and gave the stock a “buy” rating in a report on Wednesday, October 31st. Finally, ValuEngine upgraded Civeo from a “hold” rating to a “buy” rating in a report on Thursday, September 27th. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. Civeo presently has a consensus rating of “Buy” and an average target price of $4.50.

Shares of Civeo stock opened at $2.20 on Friday. The stock has a market capitalization of $359.46 million, a PE ratio of -3.33 and a beta of 3.60. Civeo Corp has a one year low of $1.12 and a one year high of $4.64. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.46 and a current ratio of 1.53.

Civeo (NYSE:CVEO) last issued its quarterly earnings results on Wednesday, October 31st. The business services provider reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.02). The firm had revenue of $120.49 million during the quarter, compared to the consensus estimate of $124.30 million. Civeo had a negative net margin of 25.69% and a negative return on equity of 20.55%. Analysts predict that Civeo Corp will post -0.28 earnings per share for the current fiscal year.

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Civeo Profile

Civeo Corporation offers workforce accommodation, logistics, and facility management services to the natural resource industry in Canada, Australia, the United States, and internationally. The company develops lodges and villages; open camps; and mobile camps, including modular, skid-mounted accommodation, and central facilities that provide long-term and temporary work force accommodations.

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Institutional Ownership by Quarter for Civeo (NYSE:CVEO)

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