Marshall Wace LLP Lowers Stock Position in Civeo Co. (NYSE:CVEO)

Marshall Wace LLP lessened its holdings in Civeo Co. (NYSE:CVEO) by 14.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 60,439 shares of the business services provider’s stock after selling 10,162 shares during the quarter. Marshall Wace LLP’s holdings in Civeo were worth $1,373,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. JPMorgan Chase & Co. lifted its position in Civeo by 4.8% during the fourth quarter. JPMorgan Chase & Co. now owns 19,707 shares of the business services provider’s stock valued at $448,000 after acquiring an additional 894 shares during the last quarter. SG Americas Securities LLC lifted its position in Civeo by 42.4% during the fourth quarter. SG Americas Securities LLC now owns 6,552 shares of the business services provider’s stock valued at $149,000 after acquiring an additional 1,950 shares during the last quarter. LPL Financial LLC lifted its position in Civeo by 11.1% during the fourth quarter. LPL Financial LLC now owns 25,687 shares of the business services provider’s stock valued at $584,000 after acquiring an additional 2,575 shares during the last quarter. Empowered Funds LLC lifted its position in Civeo by 5.1% during the fourth quarter. Empowered Funds LLC now owns 100,748 shares of the business services provider’s stock valued at $2,289,000 after acquiring an additional 4,885 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC lifted its position in Civeo by 12.6% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 59,940 shares of the business services provider’s stock valued at $1,362,000 after acquiring an additional 6,723 shares during the last quarter. Hedge funds and other institutional investors own 81.44% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Stifel Nicolaus cut their price target on shares of Civeo from $30.00 to $28.00 and set a “buy” rating on the stock in a research note on Tuesday, April 15th. StockNews.com lowered shares of Civeo from a “buy” rating to a “hold” rating in a research note on Monday, March 31st.

Civeo Trading Down 0.2 %

Shares of Civeo stock opened at $20.10 on Tuesday. The firm has a market capitalization of $272.33 million, a price-to-earnings ratio of 14.36 and a beta of 1.54. Civeo Co. has a 12-month low of $18.99 and a 12-month high of $28.92. The firm’s 50 day simple moving average is $21.72 and its two-hundred day simple moving average is $23.42. The company has a current ratio of 1.36, a quick ratio of 1.28 and a debt-to-equity ratio of 0.18.

Civeo Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, February 24th were paid a $0.25 dividend. The ex-dividend date was Monday, February 24th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.98%. Civeo’s payout ratio is currently -80.00%.

Civeo Company Profile

Civeo Corporation provides hospitality services to the natural resource industry in Canada, Australia, and the United States. The company develops lodges and villages; and mobile assets, including modular, skid-mounted accommodation, and central facilities that provide short to medium-term accommodation needs.