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

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

Other large investors have also added to or reduced their stakes in the company. BNP Paribas Financial Markets purchased a new position in shares of Civeo in the fourth quarter valued at $94,000. SG Americas Securities LLC grew its stake in shares of Civeo by 42.4% in the 4th quarter. SG Americas Securities LLC now owns 6,552 shares of the business services provider's stock worth $149,000 after buying an additional 1,950 shares in the last quarter. JPMorgan Chase & Co. increased its holdings 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 buying an additional 894 shares during the last quarter. Lido Advisors LLC bought a new position in shares of Civeo in the 4th quarter valued at about $579,000. Finally, LPL Financial LLC grew its position in Civeo by 11.1% in the fourth quarter. LPL Financial LLC now owns 25,687 shares of the business services provider's stock worth $584,000 after acquiring an additional 2,575 shares in the last quarter. Institutional investors own 81.44% of the company's stock.

Civeo Stock Performance

Civeo stock opened at $19.27 on Thursday. Civeo Co. has a 1-year low of $18.01 and a 1-year high of $28.92. The company's 50-day moving average is $20.84 and its 200 day moving average is $23.06. The firm has a market capitalization of $259.24 million, a P/E ratio of 13.76 and a beta of 1.28. 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 earnings results on Wednesday, April 30th. The business services provider reported ($0.72) earnings per share for the quarter, beating analysts' consensus estimates of ($0.78) by $0.06. Civeo had a return on equity of 0.11% and a net margin of 3.00%. The business had revenue of $144.04 million during the quarter, compared to analyst estimates of $150.86 million. Research analysts forecast that Civeo Co. will post -0.58 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CVEO. Stifel Nicolaus decreased 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. StockNews.com upgraded Civeo from a "hold" rating to a "buy" rating in a research report on Thursday, May 1st.

About Civeo

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.

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