Man Group plc Acquires 37,173 Shares of Civeo Co. (NYSE:CVEO)

Man Group plc raised its position in Civeo Co. (NYSE:CVEO - Free Report) by 108.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 71,597 shares of the business services provider's stock after purchasing an additional 37,173 shares during the quarter. Man Group plc owned approximately 0.52% of Civeo worth $1,627,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. TCW Group Inc. grew its stake in 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 in the last quarter. Renaissance Technologies LLC boosted its stake in shares of Civeo by 3.2% during the 4th quarter. Renaissance Technologies LLC now owns 659,648 shares of the business services provider's stock worth $14,987,000 after acquiring an additional 20,200 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Civeo by 7.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 517,457 shares of the business services provider's stock worth $11,756,000 after acquiring an additional 35,648 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of 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 acquiring an additional 54,532 shares in the last quarter. Finally, Topline Capital Management LLC bought a new stake in shares of Civeo during the 4th quarter worth about $4,663,000. Hedge funds and other institutional investors own 81.44% of the company's stock.

Analyst Ratings Changes

CVEO has been the subject of several recent analyst reports. Wall Street Zen downgraded Civeo from a "buy" rating to a "hold" rating in a research note on Friday, May 9th. Stifel Nicolaus decreased their price target on Civeo from $28.00 to $27.00 and set a "buy" rating for the company in a research note on Friday, May 2nd.

Civeo Stock Up 1.0%

Shares of CVEO traded up $0.21 during trading hours on Thursday, hitting $21.51. 16,318 shares of the company were exchanged, compared to its average volume of 70,643. The firm's 50 day moving average is $20.67 and its 200-day moving average is $22.47. Civeo Co. has a 52 week low of $18.01 and a 52 week high of $28.92. The company has a market cap of $289.37 million, a PE ratio of 15.37 and a beta of 1.28. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.28 and a current ratio of 1.36.

Civeo (NYSE:CVEO - Get Free Report) last announced its earnings results on Wednesday, April 30th. The business services provider reported ($0.72) earnings per share for the quarter, beating the consensus estimate of ($0.78) by $0.06. Civeo had a return on equity of 0.11% and a net margin of 3.00%. The firm had revenue of $144.04 million during the quarter, compared to the consensus estimate of $150.86 million. On average, equities research analysts forecast that Civeo Co. will post -0.58 EPS for the current fiscal 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.