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

Mackenzie Financial Corp purchased a new stake in shares of Civeo Co. (NYSE:CVEO - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 16,997 shares of the business services provider's stock, valued at approximately $386,000. Mackenzie Financial Corp owned 0.12% of Civeo at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. BNP Paribas Financial Markets acquired a new position in shares of Civeo in the 4th quarter valued at about $94,000. SG Americas Securities LLC grew its position in 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 in the last quarter. JPMorgan Chase & Co. increased its stake in Civeo by 4.8% in the 4th quarter. JPMorgan Chase & Co. now owns 19,707 shares of the business services provider's stock valued at $448,000 after buying an additional 894 shares during the period. Lazard Asset Management LLC increased its stake in Civeo by 24.0% in the 4th quarter. Lazard Asset Management LLC now owns 21,492 shares of the business services provider's stock valued at $488,000 after buying an additional 4,158 shares during the period. Finally, Lido Advisors LLC purchased a new stake in Civeo in the 4th quarter worth approximately $579,000. 81.44% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CVEO has been the topic of several research analyst reports. Wall Street Zen upgraded shares of Civeo from a "sell" rating to a "hold" rating in a report on Friday, May 30th. Stifel Nicolaus reduced their price objective on Civeo from $28.00 to $27.00 and set a "buy" rating for the company in a research report on Friday, May 2nd.

Civeo Stock Up 2.3%

NYSE:CVEO traded up $0.53 during mid-day trading on Friday, reaching $22.98. The stock had a trading volume of 52,779 shares, compared to its average volume of 71,771. The stock has a market cap of $309.08 million, a P/E ratio of 16.41 and a beta of 1.28. The business's 50 day moving average is $20.60 and its 200 day moving average is $22.33. 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 Co. has a fifty-two week low of $18.01 and a fifty-two week high of $28.92.

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

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.