Civeo Co. (NYSE:CVEO) Shares Purchased by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP raised its position in Civeo Co. (NYSE:CVEO - Free Report) by 7.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 517,457 shares of the business services provider's stock after purchasing an additional 35,648 shares during the period. Dimensional Fund Advisors LP owned about 3.76% of Civeo worth $11,756,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership raised its position in shares of Civeo by 63.5% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 170,118 shares of the business services provider's stock valued at $3,865,000 after buying an additional 66,097 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Civeo during the 4th quarter worth $1,452,000. American Century Companies Inc. boosted its holdings in shares of Civeo by 15.9% during the fourth 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. OFI Invest Asset Management purchased a new stake in shares of Civeo in the fourth quarter valued at $878,000. Finally, TCW Group Inc. grew its position in shares of Civeo by 4.2% in the fourth quarter. TCW Group Inc. now owns 780,217 shares of the business services provider's stock valued at $17,727,000 after purchasing an additional 31,157 shares during the period. 81.44% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently issued reports on CVEO. Stifel Nicolaus lowered their target price on shares of Civeo from $28.00 to $27.00 and set a "buy" rating for the company in a report on Friday, May 2nd. StockNews.com cut Civeo from a "buy" rating to a "hold" rating in a report on Friday, May 9th.

Civeo Stock Up 0.3%

NYSE CVEO traded up $0.07 during trading hours on Thursday, hitting $20.83. The company had a trading volume of 20,598 shares, compared to its average volume of 68,643. The firm's 50 day moving average is $20.75 and its 200 day moving average is $22.82. The company has a market capitalization of $280.16 million, a price-to-earnings ratio of 14.82 and a beta of 1.28. Civeo Co. has a fifty-two week low of $18.01 and a fifty-two week 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 announced its earnings results on Wednesday, April 30th. The business services provider reported ($0.72) EPS for the quarter, beating the consensus estimate of ($0.78) by $0.06. The business had revenue of $144.04 million for the quarter, compared to the consensus estimate of $150.86 million. Civeo had a return on equity of 0.11% and a net margin of 3.00%. Sell-side analysts anticipate that Civeo Co. will post -0.58 earnings per share for the current fiscal year.

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.