Acadian Asset Management LLC lifted its holdings in shares of Civeo Co. (NYSE:CVEO – Free Report) by 4.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 81,354 shares of the business services provider’s stock after purchasing an additional 3,753 shares during the period. Acadian Asset Management LLC owned about 0.54% of Civeo worth $1,674,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. York GP Ltd. bought a new stake in shares of Civeo during the 1st quarter worth $929,000. Lazard Asset Management LLC bought a new stake in Civeo in the 1st quarter valued at about $55,000. Bank of America Corp DE raised its stake in Civeo by 466.5% in the 4th quarter. Bank of America Corp DE now owns 1,082 shares of the business services provider’s stock valued at $34,000 after acquiring an additional 891 shares during the period. Truist Financial Corp raised its stake in Civeo by 81.3% in the 1st quarter. Truist Financial Corp now owns 31,671 shares of the business services provider’s stock valued at $654,000 after acquiring an additional 14,203 shares during the period. Finally, Prescott Group Capital Management L.L.C. raised its stake in Civeo by 7.0% in the 1st quarter. Prescott Group Capital Management L.L.C. now owns 840,059 shares of the business services provider’s stock valued at $17,347,000 after acquiring an additional 55,071 shares during the period. 81.44% of the stock is currently owned by institutional investors.
Civeo Trading Up 1.2 %
Shares of Civeo stock opened at $18.34 on Friday. Civeo Co. has a 52-week low of $17.87 and a 52-week high of $36.88. The stock’s 50-day simple moving average is $19.06 and its 200 day simple moving average is $20.79. The stock has a market capitalization of $272.22 million, a P/E ratio of -16.52 and a beta of 2.56. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.64 and a current ratio of 1.71.
Wall Street Analysts Forecast Growth
Separately, StockNews.com began coverage on Civeo in a research note on Thursday, August 17th. They issued a “buy” rating on the stock.
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.
- Five stocks we like better than Civeo
- How to Build Wealth with the Dividend Aristocrat Index
- MarketBeat Week in Review – 8/28 – 9/1
- What is the NASDAQ Stock Exchange?
- 2 Stocks That Doubled EPS Estimates and Flashing Buy Signals
- What Is Dividend Yield and How Do You Calculate It?
- Toyota vs Tesla: The Tortoise And The Hare Race Has A New Meaning
Receive News & Ratings for Civeo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Civeo and related companies with MarketBeat.com's FREE daily email newsletter.