Two Sigma Investments LP Sells 12,708 Shares of Civeo Co. (NYSE:CVEO)

Two Sigma Investments LP cut its holdings in Civeo Co. (NYSE:CVEO - Free Report) by 19.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 53,026 shares of the business services provider's stock after selling 12,708 shares during the quarter. Two Sigma Investments LP owned about 0.39% of Civeo worth $1,205,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. SG Americas Securities LLC grew its holdings 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 during the period. Empowered Funds LLC boosted its position in shares of Civeo by 5.1% during the fourth quarter. Empowered Funds LLC now owns 100,748 shares of the business services provider's stock worth $2,289,000 after purchasing an additional 4,885 shares in the last quarter. TCW Group Inc. grew 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 period. Raymond James Financial Inc. bought a new stake in shares of Civeo in the 4th quarter valued at $1,452,000. Finally, OFI Invest Asset Management bought a new stake in shares of Civeo in the 4th quarter valued at $878,000. Institutional investors and hedge funds own 81.44% of the company's stock.

Civeo Stock Up 1.8%

NYSE:CVEO traded up $0.40 during trading hours on Friday, reaching $22.85. 81,344 shares of the stock were exchanged, compared to its average volume of 71,859. The stock has a market cap of $307.33 million, a PE ratio of 16.32 and a beta of 1.28. Civeo Co. has a twelve month low of $18.01 and a twelve month high of $28.92. The firm has a 50 day moving average of $20.60 and a 200 day moving average of $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 (NYSE:CVEO - Get Free Report) last released its 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. Civeo had a net margin of 3.00% and a return on equity of 0.11%. The business had revenue of $144.04 million during the quarter, compared to the consensus estimate of $150.86 million. On average, equities analysts expect that Civeo Co. will post -0.58 earnings per share for the current year.

Analysts Set New Price Targets

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

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.