Royce & Associates LP Has $882,000 Holdings in Civeo Corporation $CVEO

Royce & Associates LP lessened its holdings in Civeo Corporation (NYSE:CVEO) by 51.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 38,342 shares of the business services provider’s stock after selling 40,028 shares during the period. Royce & Associates LP owned about 0.33% of Civeo worth $882,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. State of Wyoming acquired a new position in Civeo during the 2nd quarter worth approximately $66,000. Quent Capital LLC acquired a new stake in Civeo in the third quarter valued at approximately $79,000. Goldman Sachs Group Inc. bought a new stake in shares of Civeo during the first quarter worth $204,000. XTX Topco Ltd acquired a new position in shares of Civeo during the second quarter worth $255,000. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Civeo by 5.0% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 37,029 shares of the business services provider’s stock valued at $855,000 after acquiring an additional 1,759 shares during the last quarter. Institutional investors and hedge funds own 81.44% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Stifel Nicolaus raised their price objective on Civeo from $33.00 to $37.00 and gave the company a “buy” rating in a report on Wednesday. Zacks Research raised Civeo from a “strong sell” rating to a “hold” rating in a report on Thursday, November 20th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Civeo in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Civeo currently has a consensus rating of “Hold” and an average target price of $37.00.

Civeo Trading Down 0.4%

NYSE:CVEO opened at $28.90 on Friday. Civeo Corporation has a 12 month low of $18.01 and a 12 month high of $29.68. The company has a current ratio of 1.54, a quick ratio of 1.57 and a debt-to-equity ratio of 1.05. The stock has a market capitalization of $316.46 million, a price-to-earnings ratio of -18.41, a PEG ratio of 79.12 and a beta of 0.57. The firm has a fifty day simple moving average of $26.12 and a two-hundred day simple moving average of $23.74.

Civeo (NYSE:CVEO) last announced its quarterly earnings data on Tuesday, March 3rd. The business services provider reported ($0.56) earnings per share for the quarter, missing the consensus estimate of ($0.41) by ($0.15). The company had revenue of $161.62 million for the quarter, compared to analyst estimates of $170.17 million. Civeo had a negative net margin of 3.14% and a negative return on equity of 10.20%. Analysts expect that Civeo Corporation will post -0.58 EPS for the current fiscal year.

Insider Buying and Selling

In other news, SVP Peter Mccann sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $28.64, for a total transaction of $114,560.00. Following the completion of the sale, the senior vice president owned 50,942 shares in the company, valued at $1,458,978.88. The trade was a 7.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder Engine Capital Management, Lp sold 417,015 shares of the company’s stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $28.80, for a total value of $12,010,032.00. Following the transaction, the insider directly owned 66,119 shares in the company, valued at $1,904,227.20. The trade was a 86.31% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 430,184 shares of company stock worth $12,390,768. 4.70% of the stock is owned by company insiders.

Civeo Profile

Civeo Corporation is a leading provider of workforce accommodations and integrated facility management services, primarily serving the oil and gas, mining, and construction sectors. The company specializes in the development, ownership, and operation of remote lodging facilities, commonly known as “man camps,” designed to house workers in geographically challenging environments. Its services include turnkey accommodations, catering, housekeeping, grounds maintenance, and logistical support, tailored to meet the needs of large-scale energy and resource projects.

With a network of lodges and villages across North America and Australia, Civeo caters to clients operating in regions such as Alberta’s oil sands, the Bakken shale play, and Australia’s Pilbara and Bowen Basin mining districts.