Millennium Management LLC Boosts Stock Position in Civeo Co. (NYSE:CVEO)

Millennium Management LLC boosted its holdings in shares of Civeo Co. (NYSE:CVEO - Free Report) by 18.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 80,055 shares of the business services provider's stock after purchasing an additional 12,299 shares during the quarter. Millennium Management LLC owned about 0.58% of Civeo worth $1,819,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets bought a new stake in Civeo in the 4th quarter worth approximately $94,000. SG Americas Securities LLC increased its stake in 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 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 worth $448,000 after acquiring an additional 894 shares during the last quarter. 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 worth $488,000 after acquiring an additional 4,158 shares during the last quarter. Finally, Lido Advisors LLC bought a new stake in Civeo in the 4th quarter worth approximately $579,000. Institutional investors own 81.44% of the company's stock.

Analysts Set New Price Targets

CVEO has been the topic of a number of research reports. Wall Street Zen raised Civeo from a "sell" rating to a "hold" rating in a research note on Friday, May 30th. Stifel Nicolaus reduced their price objective on Civeo from $28.00 to $27.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd.

Civeo Trading Up 1.8%

Shares of Civeo stock traded up $0.40 on Friday, reaching $22.85. The company had a trading volume of 81,344 shares, compared to its average volume of 71,981. The firm has a market cap of $307.33 million, a price-to-earnings ratio of 16.32 and a beta of 1.28. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.36 and a quick ratio of 1.28. The firm's 50-day moving average price is $20.60 and its two-hundred day moving average price is $22.33. Civeo Co. has a 1 year low of $18.01 and a 1 year high of $28.92.

Civeo (NYSE:CVEO - Get Free Report) last announced its earnings results on Wednesday, April 30th. The business services provider reported ($0.72) EPS for the quarter, topping analysts' consensus estimates of ($0.78) by $0.06. The firm had revenue of $144.04 million during 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%. As a group, research analysts predict that Civeo Co. will post -0.58 earnings per share 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.