Raymond James & Associates Has $1.51 Million Holdings in Civeo Co. (NYSE:CVEO)

Raymond James & Associates trimmed its position in shares of Civeo Co. (NYSE:CVEO) by 6.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 66,108 shares of the business services provider’s stock after selling 4,491 shares during the period. Raymond James & Associates’ holdings in Civeo were worth $1,511,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Hudson Bay Capital Management LP bought a new stake in shares of Civeo in the 1st quarter valued at about $9,297,000. Punch & Associates Investment Management Inc. raised its stake in Civeo by 146.8% in the first quarter. Punch & Associates Investment Management Inc. now owns 293,000 shares of the business services provider’s stock valued at $6,050,000 after buying an additional 174,288 shares during the period. Wellington Management Group LLP lifted its position in shares of Civeo by 32.5% in the first quarter. Wellington Management Group LLP now owns 390,400 shares of the business services provider’s stock valued at $8,062,000 after buying an additional 95,700 shares during the last quarter. UBS Group AG bought a new position in shares of Civeo during the 1st quarter worth approximately $1,956,000. Finally, TCW Group Inc. increased its holdings in shares of Civeo by 12.9% during the 1st quarter. TCW Group Inc. now owns 603,447 shares of the business services provider’s stock worth $12,461,000 after acquiring an additional 69,117 shares during the last quarter. 81.44% of the stock is owned by institutional investors.

Civeo Trading Down 0.3 %

Shares of Civeo stock opened at $25.07 on Friday. Civeo Co. has a 1 year low of $17.87 and a 1 year high of $28.00. The company has a market capitalization of $367.53 million, a price-to-earnings ratio of 12.29 and a beta of 2.17. The business has a fifty day simple moving average of $24.71 and a two-hundred day simple moving average of $22.86. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.53 and a quick ratio of 1.47.

Civeo (NYSE:CVEO) last issued its quarterly earnings data on Thursday, February 29th. The business services provider reported $0.06 earnings per share for the quarter, beating the consensus estimate of ($0.27) by $0.33. Civeo had a net margin of 4.30% and a return on equity of 2.69%. The company had revenue of $170.80 million for the quarter, compared to analyst estimates of $151.12 million. Research analysts forecast that Civeo Co. will post 0.14 EPS for the current year.

Civeo Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 18th. Stockholders of record on Monday, February 26th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 3.99%. The ex-dividend date was Friday, February 23rd. Civeo’s payout ratio is 49.02%.

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.