Mackenzie Financial Corp Acquires Shares of 16,997 Civeo Co. (NYSE:CVEO)

Mackenzie Financial Corp bought a new stake in Civeo Co. (NYSE:CVEO - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 16,997 shares of the business services provider's stock, valued at approximately $386,000. Mackenzie Financial Corp owned 0.12% of Civeo as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also made changes to their positions in the company. BNP Paribas Financial Markets bought a new stake in shares of Civeo in the fourth quarter valued at about $94,000. SG Americas Securities LLC lifted its position 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 acquiring an additional 1,950 shares during the period. JPMorgan Chase & Co. lifted 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 acquiring an additional 894 shares during the period. Lazard Asset Management LLC lifted its position in shares of Civeo by 24.0% in the 4th quarter. Lazard Asset Management LLC now owns 21,492 shares of the business services provider's stock worth $488,000 after acquiring an additional 4,158 shares during the period. Finally, Lido Advisors LLC bought a new stake in shares of Civeo in the 4th quarter worth approximately $579,000. Institutional investors own 81.44% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on CVEO. Wall Street Zen upgraded shares of Civeo from a "sell" rating to a "hold" rating in a research note on Friday, May 30th. Stifel Nicolaus lowered their target price on shares of Civeo from $28.00 to $27.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd.

Civeo Price Performance

Shares of CVEO stock traded up $0.40 during trading hours on Friday, hitting $22.85. The company had a trading volume of 81,344 shares, compared to its average volume of 72,090. 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 quick ratio of 1.28 and a current ratio of 1.36. The firm's fifty day moving average is $20.60 and its 200 day moving average is $22.32. The firm has a market capitalization of $307.33 million, a price-to-earnings ratio of 16.32 and a beta of 1.38.

Civeo (NYSE:CVEO - Get Free Report) last announced its quarterly 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. The firm had revenue of $144.04 million for the quarter, compared to analysts' expectations of $150.86 million. Civeo had a return on equity of 0.11% and a net margin of 3.00%. On average, sell-side analysts predict that Civeo Co. will post -0.58 EPS for the current fiscal year.

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.