BNP Paribas Financial Markets Takes $94,000 Position in Civeo Co. (NYSE:CVEO)

BNP Paribas Financial Markets acquired a new stake in Civeo Co. (NYSE:CVEO) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 4,118 shares of the business services provider’s stock, valued at approximately $94,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. JPMorgan Chase & Co. raised its holdings in shares of Civeo by 4.8% during the 4th quarter. JPMorgan Chase & Co. now owns 19,707 shares of the business services provider’s stock valued at $448,000 after buying an additional 894 shares during the period. SG Americas Securities LLC raised its holdings in shares of Civeo by 42.4% during the 4th 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 during the period. LPL Financial LLC raised its holdings in shares of Civeo by 11.1% during the 4th quarter. LPL Financial LLC now owns 25,687 shares of the business services provider’s stock valued at $584,000 after buying an additional 2,575 shares during the period. Empowered Funds LLC raised 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 buying an additional 4,885 shares during the period. Finally, O Shaughnessy Asset Management LLC raised its holdings in shares of Civeo by 12.6% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 59,940 shares of the business services provider’s stock valued at $1,362,000 after buying an additional 6,723 shares during the period. 81.44% of the stock is owned by institutional investors and hedge funds.

Civeo Price Performance

CVEO stock opened at $21.82 on Monday. The company has a quick ratio of 1.28, a current ratio of 1.36 and a debt-to-equity ratio of 0.18. Civeo Co. has a 52-week low of $18.01 and a 52-week high of $28.92. The stock’s 50 day moving average is $20.66 and its two-hundred day moving average is $22.37. The company has a market capitalization of $293.54 million, a PE ratio of 15.59 and a beta of 1.28.

Civeo (NYSE:CVEO) last posted its quarterly earnings data on Wednesday, April 30th. The business services provider reported ($0.72) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.78) by $0.06. Civeo had a return on equity of 0.11% and a net margin of 3.00%. The company had revenue of $144.04 million for the quarter, compared to the consensus estimate of $150.86 million. Analysts predict that Civeo Co. will post -0.58 earnings per share for the current fiscal year.

Analysts Set New Price Targets

CVEO has been the topic of several analyst reports. Stifel Nicolaus dropped their target price on Civeo from $28.00 to $27.00 and set a “buy” rating on the stock in a report on Friday, May 2nd. Wall Street Zen upgraded Civeo from a “sell” rating to a “hold” rating in a report on Friday.

Civeo 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.