Civeo Corp (CVEO) SVP Peter Mccann Sells 7,709 Shares

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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About Civeo

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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