Civeo Corp (NYSE:CVEO) SVP Peter Mccann sold 7,709 shares of the business’s stock in a transaction dated Friday, February 22nd. The shares were sold at an average price of $2.60, for a total value of $20,043.40. Following the completion of the sale, the senior vice president now owns 119,090 shares in the company, valued at $309,634. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Peter Mccann also recently made the following trade(s):
- On Wednesday, February 13th, Peter Mccann sold 16,506 shares of Civeo stock. The shares were sold at an average price of $2.48, for a total value of $40,934.88.
Shares of CVEO traded up $0.02 during midday trading on Friday, hitting $2.62. 250,061 shares of the company traded hands, compared to its average volume of 451,458. Civeo Corp has a one year low of $1.12 and a one year high of $4.64. The stock has a market cap of $436.72 million, a PE ratio of -3.97 and a beta of 4.22. The company has a quick ratio of 1.46, a current ratio of 1.53 and a debt-to-equity ratio of 0.77.
Several institutional investors and hedge funds have recently made changes to their positions in CVEO. Great West Life Assurance Co. Can bought a new stake in shares of Civeo during the fourth quarter valued at about $26,000. GSA Capital Partners LLP grew its holdings in shares of Civeo by 64.1% during the fourth quarter. GSA Capital Partners LLP now owns 21,500 shares of the business services provider’s stock worth $31,000 after purchasing an additional 8,400 shares in the last quarter. Teachers Advisors LLC purchased a new position in shares of Civeo during the third quarter worth about $53,000. OLD National Bancorp IN grew its holdings in shares of Civeo by 32.9% during the fourth quarter. OLD National Bancorp IN now owns 43,176 shares of the business services provider’s stock worth $62,000 after purchasing an additional 10,698 shares in the last quarter. Finally, Miracle Mile Advisors LLC grew its holdings in shares of Civeo by 146.7% during the fourth quarter. Miracle Mile Advisors LLC now owns 74,000 shares of the business services provider’s stock worth $106,000 after purchasing an additional 44,000 shares in the last quarter. Hedge funds and other institutional investors own 68.34% of the company’s stock.
A number of equities research analysts recently issued reports on the company. TheStreet cut Civeo from a “c-” rating to a “d” rating in a research note on Wednesday, October 31st. Craig Hallum set a $4.00 price target on Civeo and gave the company a “buy” rating in a research report on Wednesday, October 31st. Finally, ValuEngine cut Civeo from a “buy” rating to a “hold” rating in a research report on Monday, February 4th. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Civeo has an average rating of “Buy” and a consensus price target of $4.50.
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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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