Lido Advisors LLC Purchases New Holdings in Civeo Co. (NYSE:CVEO)

Lido Advisors LLC acquired a new position in shares of Civeo Co. (NYSE:CVEO - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 25,482 shares of the business services provider's stock, valued at approximately $579,000. Lido Advisors LLC owned 0.19% of Civeo at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of CVEO. SG Americas Securities LLC boosted its stake in Civeo by 42.4% in the fourth quarter. SG Americas Securities LLC now owns 6,552 shares of the business services provider's stock valued at $149,000 after buying an additional 1,950 shares in the last quarter. Empowered Funds LLC grew its holdings in shares of Civeo by 5.1% during the 4th quarter. Empowered Funds LLC now owns 100,748 shares of the business services provider's stock valued at $2,289,000 after purchasing an additional 4,885 shares during the last quarter. TCW Group Inc. increased its position in Civeo by 4.2% during the 4th quarter. TCW Group Inc. now owns 780,217 shares of the business services provider's stock worth $17,727,000 after purchasing an additional 31,157 shares in the last quarter. Raymond James Financial Inc. bought a new position in Civeo in the 4th quarter valued at approximately $1,452,000. Finally, OFI Invest Asset Management acquired a new stake in Civeo in the fourth quarter valued at approximately $878,000. 81.44% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. StockNews.com raised Civeo from a "hold" rating to a "buy" rating in a research note on Thursday. Stifel Nicolaus reduced 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.

Civeo Trading Up 1.7 %

Shares of CVEO stock opened at $19.00 on Monday. The company has a market cap of $257.43 million, a P/E ratio of 13.57 and a beta of 1.29. Civeo Co. has a fifty-two week low of $18.01 and a fifty-two week high of $28.92. The stock has a 50 day simple moving average of $21.10 and a two-hundred day simple moving average of $23.18. 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 released its earnings results on Wednesday, April 30th. The business services provider reported ($0.72) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.78) by $0.06. The company had revenue of $144.04 million for the quarter, compared to the consensus estimate of $150.86 million. Civeo had a net margin of 3.00% and a return on equity of 0.11%. Research analysts forecast that Civeo Co. will post -0.58 earnings per share for the current year.

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.

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