Civeo Co. (NYSE:CVEO) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC lowered its stake in Civeo Co. (NYSE:CVEO) by 10.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,602 shares of the business services provider’s stock after selling 541 shares during the quarter. SG Americas Securities LLC’s holdings in Civeo were worth $126,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Janney Montgomery Scott LLC lifted its position in shares of Civeo by 8.9% during the first quarter. Janney Montgomery Scott LLC now owns 21,119 shares of the business services provider’s stock worth $567,000 after purchasing an additional 1,729 shares in the last quarter. Quent Capital LLC acquired a new stake in shares of Civeo during the first quarter worth about $98,000. Empowered Funds LLC lifted its position in shares of Civeo by 8.1% during the first quarter. Empowered Funds LLC now owns 84,559 shares of the business services provider’s stock worth $2,270,000 after purchasing an additional 6,300 shares in the last quarter. Meixler Investment Management Ltd. acquired a new stake in shares of Civeo during the first quarter worth about $220,000. Finally, Acadian Asset Management LLC increased its stake in shares of Civeo by 242.5% during the first quarter. Acadian Asset Management LLC now owns 143,189 shares of the business services provider’s stock worth $3,837,000 after buying an additional 101,378 shares during the period. Institutional investors and hedge funds own 81.44% of the company’s stock.

Civeo Stock Performance

Shares of Civeo stock opened at $28.17 on Friday. The firm has a market capitalization of $411.85 million, a P/E ratio of 13.35 and a beta of 2.04. Civeo Co. has a 52 week low of $18.30 and a 52 week high of $28.92. The company has a quick ratio of 1.46, a current ratio of 1.55 and a debt-to-equity ratio of 0.16. The firm’s 50 day moving average is $27.71 and its two-hundred day moving average is $25.86.

Civeo (NYSE:CVEO) last announced its quarterly earnings results on Tuesday, July 30th. The business services provider reported $0.56 EPS for the quarter, beating the consensus estimate of $0.21 by $0.35. The company had revenue of $188.71 million for the quarter, compared to analyst estimates of $173.70 million. Civeo had a net margin of 4.95% and a return on equity of 4.75%. During the same period in the prior year, the firm posted $0.30 earnings per share. Research analysts forecast that Civeo Co. will post -0.3 EPS for the current fiscal year.

Civeo Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Monday, August 26th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 3.55%. The ex-dividend date of this dividend was Monday, August 26th. Civeo’s payout ratio is currently 47.39%.

Insider Activity

In other news, SVP Allan Schoening sold 5,000 shares of the stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $27.50, for a total value of $137,500.00. Following the completion of the sale, the senior vice president now directly owns 16,146 shares of the company’s stock, valued at approximately $444,015. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 4.30% of the company’s stock.

Analysts Set New Price Targets

Separately, Stifel Nicolaus restated a “buy” rating and set a $32.00 target price (up from $31.00) on shares of Civeo in a research note on Wednesday, July 31st.

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.