Bridgeway Capital Management LLC Boosts Stake in Civeo Co. (NYSE:CVEO)

Bridgeway Capital Management LLC lifted its stake in Civeo Co. (NYSE:CVEO - Free Report) by 9.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 189,503 shares of the business services provider's stock after purchasing an additional 16,385 shares during the period. Bridgeway Capital Management LLC owned 1.38% of Civeo worth $4,306,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of CVEO. BNP Paribas Financial Markets purchased a new position in Civeo during the 4th quarter valued at about $94,000. SG Americas Securities LLC lifted its holdings in shares of 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 purchasing an additional 1,950 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Civeo by 4.8% in the 4th quarter. JPMorgan Chase & Co. now owns 19,707 shares of the business services provider's stock worth $448,000 after purchasing an additional 894 shares in the last quarter. Lido Advisors LLC purchased a new stake in shares of Civeo in the 4th quarter worth approximately $579,000. Finally, LPL Financial LLC increased its position in Civeo by 11.1% during the 4th quarter. LPL Financial LLC now owns 25,687 shares of the business services provider's stock valued at $584,000 after buying an additional 2,575 shares in the last quarter. Institutional investors own 81.44% of the company's stock.

Civeo Stock Performance

Shares of NYSE:CVEO traded up $0.17 during trading on Tuesday, hitting $20.87. The company's stock had a trading volume of 23,245 shares, compared to its average volume of 68,398. The company has a 50-day moving average of $20.80 and a 200-day moving average of $22.85. The firm has a market cap of $280.76 million, a price-to-earnings ratio of 14.91 and a beta of 1.28. Civeo Co. has a 12 month low of $18.01 and a 12 month high of $28.92. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.36 and a quick ratio of 1.28.

Civeo (NYSE:CVEO - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The business services provider reported ($0.72) EPS for the quarter, topping analysts' consensus estimates of ($0.78) by $0.06. The business had revenue of $144.04 million during the quarter, compared to analysts' expectations of $150.86 million. Civeo had a net margin of 3.00% and a return on equity of 0.11%. On average, sell-side analysts expect that Civeo Co. will post -0.58 earnings per share for the current year.

Analyst Upgrades and Downgrades

CVEO has been the topic of several analyst reports. StockNews.com downgraded Civeo from a "buy" rating to a "hold" rating in a report on Friday. Stifel Nicolaus dropped their price objective on Civeo from $28.00 to $27.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd.

Civeo 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.