PNC Financial Services Group Inc. increased its position in Civeo Corporation (NYSE:CVEO) by 54,984.6% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 117,881 shares of the business services provider’s stock after buying an additional 117,667 shares during the period. PNC Financial Services Group Inc. owned 0.10% of Civeo Corporation worth $353,000 at the end of the most recent reporting period.
A number of other large investors also recently bought and sold shares of CVEO. Royce & Associates LP acquired a new position in shares of Civeo Corporation during the first quarter worth about $449,000. FMR LLC boosted its position in shares of Civeo Corporation by 36.5% in the first quarter. FMR LLC now owns 17,246,446 shares of the business services provider’s stock worth $51,567,000 after buying an additional 4,608,507 shares in the last quarter. ClariVest Asset Management LLC boosted its position in shares of Civeo Corporation by 23.7% in the first quarter. ClariVest Asset Management LLC now owns 818,116 shares of the business services provider’s stock worth $2,446,000 after buying an additional 156,500 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of Civeo Corporation during the first quarter worth about $155,000. Finally, William Blair Investment Management LLC acquired a new position in shares of Civeo Corporation during the first quarter worth about $3,065,000. Institutional investors and hedge funds own 75.16% of the company’s stock.
Civeo Corporation (NYSE CVEO) traded down 2.16% on Tuesday, hitting $1.81. 364,002 shares of the company were exchanged. The company has a 50 day moving average price of $2.05 and a 200-day moving average price of $2.64. The stock’s market capitalization is $239.37 million. Civeo Corporation has a 52 week low of $1.00 and a 52 week high of $3.73.
Civeo Corporation (NYSE:CVEO) last posted its earnings results on Friday, July 28th. The business services provider reported ($0.11) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.12) by $0.01. The business had revenue of $92.01 million for the quarter. Civeo Corporation had a negative net margin of 24.80% and a negative return on equity of 12.63%. On average, equities analysts expect that Civeo Corporation will post ($0.52) earnings per share for the current fiscal year.
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A number of brokerages have recently issued reports on CVEO. BidaskClub cut shares of Civeo Corporation from a “sell” rating to a “strong sell” rating in a report on Friday, July 28th. Royal Bank Of Canada set a $4.00 price target on shares of Civeo Corporation and gave the company a “hold” rating in a research report on Saturday, June 24th. Finally, ValuEngine raised shares of Civeo Corporation from a “strong sell” rating to a “sell” rating in a research report on Friday, June 2nd. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. Civeo Corporation has a consensus rating of “Hold” and a consensus price target of $3.94.
About Civeo Corporation
Civeo Corporation is an integrated provider of long-term and temporary remote site accommodations, logistics and facility management services to the natural resource industry. The Company operates in active oil, coal, natural gas and iron ore producing regions, including Canada, Australia and the United States.
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