American Century Companies Inc. Increases Stock Holdings in Civeo Corporation $CVEO

American Century Companies Inc. lifted its stake in shares of Civeo Corporation (NYSE:CVEO) by 7.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 470,826 shares of the business services provider’s stock after buying an additional 32,452 shares during the quarter. American Century Companies Inc. owned about 3.75% of Civeo worth $10,871,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Goldman Sachs Group Inc. acquired a new stake in Civeo during the 1st quarter worth $204,000. Clough Capital Partners L P purchased a new position in shares of Civeo during the first quarter worth about $728,000. Ritholtz Wealth Management acquired a new stake in shares of Civeo during the second quarter worth about $748,000. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Civeo by 5.0% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 37,029 shares of the business services provider’s stock worth $855,000 after purchasing an additional 1,759 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. purchased a new stake in shares of Civeo in the 1st quarter valued at about $1,070,000. Institutional investors and hedge funds own 81.44% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on CVEO shares. Zacks Research upgraded Civeo from a “strong sell” rating to a “hold” rating in a research note on Thursday, November 20th. Weiss Ratings restated a “sell (d)” rating on shares of Civeo in a research report on Monday. Finally, Wall Street Zen raised shares of Civeo from a “sell” rating to a “hold” rating in a report on Saturday, November 1st. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Civeo currently has an average rating of “Hold” and an average target price of $27.00.

Civeo Trading Up 0.8%

Shares of CVEO stock opened at $22.27 on Friday. The company has a market capitalization of $256.49 million, a P/E ratio of -10.55 and a beta of 0.60. The company has a current ratio of 1.64, a quick ratio of 1.57 and a debt-to-equity ratio of 1.03. The business’s 50 day moving average is $22.00 and its two-hundred day moving average is $22.67. Civeo Corporation has a twelve month low of $18.01 and a twelve month high of $27.55.

Civeo (NYSE:CVEO) last released its quarterly earnings results on Friday, October 31st. The business services provider reported ($0.04) EPS for the quarter, missing the consensus estimate of $0.20 by ($0.24). Civeo had a negative return on equity of 12.10% and a negative net margin of 4.57%.The company had revenue of $170.49 million for the quarter, compared to analysts’ expectations of $177.04 million. Equities analysts forecast that Civeo Corporation will post -0.58 EPS 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.