Civeo Co. (NYSE:CVEO) Shares Sold by Two Sigma Investments LP

Two Sigma Investments LP trimmed its position in Civeo Co. (NYSE:CVEO - Free Report) by 19.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. 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 approximately 0.39% of Civeo worth $1,205,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. BNP Paribas Financial Markets bought a new stake in shares of Civeo in the 4th quarter valued at approximately $94,000. SG Americas Securities LLC grew its stake in Civeo by 42.4% during the 4th quarter. SG Americas Securities LLC now owns 6,552 shares of the business services provider's stock worth $149,000 after buying an additional 1,950 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Civeo by 4.8% during the 4th quarter. JPMorgan Chase & Co. now owns 19,707 shares of the business services provider's stock worth $448,000 after buying an additional 894 shares during the last quarter. Lazard Asset Management LLC grew its stake in Civeo by 24.0% during the 4th quarter. Lazard Asset Management LLC now owns 21,492 shares of the business services provider's stock worth $488,000 after buying an additional 4,158 shares during the last quarter. Finally, Lido Advisors LLC bought a new position in Civeo during the 4th quarter worth $579,000. 81.44% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Civeo Stock Performance

CVEO traded up $0.40 during trading on Friday, reaching $22.85. 81,344 shares of the company were exchanged, compared to its average volume of 72,090. The stock has a market cap of $307.33 million, a P/E ratio of 16.32 and a beta of 1.38. The firm has a 50 day moving average of $20.60 and a 200 day moving average of $22.30. The company has a current ratio of 1.36, a quick ratio of 1.28 and a debt-to-equity ratio of 0.18. Civeo Co. has a 52 week low of $18.01 and a 52 week high of $28.92.

Civeo (NYSE:CVEO - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The business services provider reported ($0.72) earnings per share (EPS) for the quarter, topping 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 company had revenue of $144.04 million during the quarter, compared to analysts' expectations of $150.86 million. On average, sell-side analysts forecast 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.