Two Sigma Advisers LP Cuts Stake in Civeo Co. (NYSE:CVEO)

Two Sigma Advisers LP cut its position in Civeo Co. (NYSE:CVEO - Free Report) by 15.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 71,066 shares of the business services provider's stock after selling 12,695 shares during the period. Two Sigma Advisers LP owned 0.52% of Civeo worth $1,615,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in 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 acquiring an additional 31,157 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of Civeo by 3.2% in the 4th quarter. Renaissance Technologies LLC now owns 659,648 shares of the business services provider's stock worth $14,987,000 after purchasing an additional 20,200 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Civeo by 7.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 517,457 shares of the business services provider's stock valued at $11,756,000 after purchasing an additional 35,648 shares during the period. American Century Companies Inc. grew its position in Civeo by 15.9% in the 4th quarter. American Century Companies Inc. now owns 398,013 shares of the business services provider's stock valued at $9,043,000 after purchasing an additional 54,532 shares during the period. Finally, Topline Capital Management LLC bought a new stake in Civeo during the 4th quarter valued at $4,663,000. 81.44% of the stock is owned by institutional investors.

Civeo Stock Up 0.1%

Shares of Civeo stock traded up $0.03 on Friday, hitting $21.82. The company had a trading volume of 78,514 shares, compared to its average volume of 71,363. Civeo Co. has a 1 year low of $18.01 and a 1 year high of $28.92. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.28 and a current ratio of 1.36. The stock has a 50 day moving average of $20.66 and a 200-day moving average of $22.42. The stock has a market capitalization of $293.54 million, a price-to-earnings ratio of 15.59 and a beta of 1.28.

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

Wall Street Analysts Forecast Growth

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

Civeo Company 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.