Lido Advisors LLC Makes New $579,000 Investment in Civeo Co. (NYSE:CVEO)

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

Several other large investors also recently made changes to their positions in the business. WINTON GROUP Ltd increased its stake in shares of Civeo by 218.5% in the 4th quarter. WINTON GROUP Ltd now owns 26,256 shares of the business services provider's stock valued at $597,000 after buying an additional 18,013 shares during the period. OFI Invest Asset Management bought a new stake in Civeo during the 4th quarter worth about $878,000. Raymond James Financial Inc. acquired a new position in Civeo during the 4th quarter valued at about $1,452,000. TCW Group Inc. boosted its stake 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 purchasing an additional 31,157 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its position in shares of Civeo by 63.5% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 170,118 shares of the business services provider's stock worth $3,865,000 after buying an additional 66,097 shares during the period. Institutional investors own 81.44% of the company's stock.

Civeo Trading Up 1.0 %

Shares of NYSE:CVEO traded up $0.20 during mid-day trading on Friday, reaching $20.86. The stock had a trading volume of 61,775 shares, compared to its average volume of 68,594. The firm has a market cap of $280.63 million, a PE ratio of 14.90 and a beta of 1.28. The firm has a 50 day simple moving average of $20.81 and a two-hundred day simple moving average of $22.93. 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 twelve month low of $18.01 and a twelve month high of $28.92.

Civeo (NYSE:CVEO - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The business services provider reported ($0.72) earnings per share for the quarter, topping 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 company had revenue of $144.04 million for the quarter, compared to analysts' expectations of $150.86 million. On average, research analysts predict that Civeo Co. will post -0.58 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have commented on CVEO shares. Stifel Nicolaus lowered their target price on shares of Civeo from $28.00 to $27.00 and set a "buy" rating for the company in a report on Friday, May 2nd. StockNews.com cut Civeo from a "buy" rating to a "hold" rating in a research note on Friday.

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.