Sterling Capital Management LLC Has $349,000 Holdings in Civeo Co. (NYSE:CVEO)

Sterling Capital Management LLC trimmed its position in Civeo Co. (NYSE:CVEO - Free Report) by 58.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,362 shares of the business services provider's stock after selling 21,742 shares during the period. Sterling Capital Management LLC owned approximately 0.11% of Civeo worth $349,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. TCW Group Inc. boosted its holdings in shares of Civeo by 4.2% in the 4th quarter. TCW Group Inc. now owns 780,217 shares of the business services provider's stock valued at $17,727,000 after buying an additional 31,157 shares during the last quarter. Renaissance Technologies LLC grew its position in shares of Civeo by 3.2% in the fourth quarter. Renaissance Technologies LLC now owns 659,648 shares of the business services provider's stock valued at $14,987,000 after purchasing an additional 20,200 shares during the last quarter. American Century Companies Inc. lifted its holdings in Civeo by 15.9% during the 4th quarter. American Century Companies Inc. now owns 398,013 shares of the business services provider's stock worth $9,043,000 after purchasing an additional 54,532 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its position in Civeo by 63.5% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 170,118 shares of the business services provider's stock worth $3,865,000 after buying an additional 66,097 shares during the period. Finally, Boston Partners raised its stake in Civeo by 22.6% in the 4th quarter. Boston Partners now owns 139,434 shares of the business services provider's stock worth $3,168,000 after purchasing an additional 25,726 shares in the last quarter. 81.44% of the stock is owned by institutional investors and hedge funds.

Civeo Trading Down 1.8 %

NYSE CVEO traded down $0.36 during mid-day trading on Friday, reaching $19.51. 25,265 shares of the stock were exchanged, compared to its average volume of 101,389. Civeo Co. has a one year low of $18.99 and a one year 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. The stock has a 50 day simple moving average of $21.96 and a 200-day simple moving average of $23.58. The stock has a market cap of $264.29 million, a P/E ratio of 13.93 and a beta of 1.54.

Civeo Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, February 24th were issued a dividend of $0.25 per share. The ex-dividend date was Monday, February 24th. This represents a $1.00 annualized dividend and a dividend yield of 5.13%. Civeo's dividend payout ratio is currently -80.00%.

Wall Street Analysts Forecast Growth

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

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.