Raymond James Financial Inc. Purchases Shares of 63,917 Civeo Co. (NYSE:CVEO)

Raymond James Financial Inc. bought a new position in shares of Civeo Co. (NYSE:CVEO - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 63,917 shares of the business services provider's stock, valued at approximately $1,452,000. Raymond James Financial Inc. owned 0.46% of Civeo as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. TCW Group Inc. boosted its position in shares of Civeo by 4.2% during 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 in the last quarter. Renaissance Technologies LLC boosted its holdings in Civeo by 3.2% during the fourth quarter. Renaissance Technologies LLC now owns 659,648 shares of the business services provider's stock worth $14,987,000 after buying an additional 20,200 shares in the last quarter. American Century Companies Inc. grew its position in Civeo by 15.9% in the fourth quarter. American Century Companies Inc. now owns 398,013 shares of the business services provider's stock worth $9,043,000 after buying an additional 54,532 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of Civeo by 63.5% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 170,118 shares of the business services provider's stock valued at $3,865,000 after buying an additional 66,097 shares in the last quarter. Finally, Boston Partners lifted its position in shares of Civeo by 22.6% during the 4th quarter. Boston Partners now owns 139,434 shares of the business services provider's stock valued at $3,168,000 after acquiring an additional 25,726 shares during the last quarter. 81.44% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on CVEO shares. Stifel Nicolaus cut their target price on Civeo from $28.00 to $27.00 and set a "buy" rating on the stock in a research report on Friday. StockNews.com upgraded Civeo from a "hold" rating to a "buy" rating in a report on Thursday, May 1st.

Civeo Stock Down 0.5 %

NYSE:CVEO traded down $0.10 during trading hours on Tuesday, hitting $19.20. 116,555 shares of the stock traded hands, compared to its average volume of 68,125. The firm has a 50 day moving average price of $20.94 and a 200 day moving average price of $23.12. The firm has a market cap of $260.10 million, a price-to-earnings ratio of 13.71 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 company has a current ratio of 1.36, a quick ratio of 1.28 and a debt-to-equity ratio of 0.18.

Civeo (NYSE:CVEO - Get Free Report) last issued 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 during the quarter, compared to analyst estimates of $150.86 million. Civeo had a net margin of 3.00% and a return on equity of 0.11%. Equities research analysts anticipate 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.