GSA Capital Partners LLP Decreases Position in Civeo Corporation (CVEO)

GSA Capital Partners LLP trimmed its holdings in shares of Civeo Corporation (NYSE:CVEO) by 64.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 233,107 shares of the business services provider’s stock after selling 422,800 shares during the period. GSA Capital Partners LLP owned 0.18% of Civeo Corporation worth $490,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in CVEO. Alps Advisors Inc. boosted its position in Civeo Corporation by 37.6% in the 2nd quarter. Alps Advisors Inc. now owns 62,857 shares of the business services provider’s stock valued at $132,000 after buying an additional 17,186 shares during the last quarter. Blair William & Co. IL purchased a new position in Civeo Corporation in the 1st quarter valued at about $139,000. Dynamic Technology Lab Private Ltd purchased a new position in Civeo Corporation in the 1st quarter valued at about $155,000. Wells Fargo & Company MN boosted its position in Civeo Corporation by 116.7% in the 2nd quarter. Wells Fargo & Company MN now owns 90,124 shares of the business services provider’s stock valued at $189,000 after buying an additional 48,529 shares during the last quarter. Finally, M&T Bank Corp boosted its position in Civeo Corporation by 2.8% in the 1st quarter. M&T Bank Corp now owns 65,000 shares of the business services provider’s stock valued at $194,000 after buying an additional 1,766 shares during the last quarter. 76.16% of the stock is owned by hedge funds and other institutional investors.

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Civeo Corporation (NYSE CVEO) opened at 2.49 on Thursday. The stock’s 50 day moving average is $2.42 and its 200 day moving average is $2.35. Civeo Corporation has a 12 month low of $1.06 and a 12 month high of $3.73. The company’s market cap is $329.30 million.

Civeo Corporation (NYSE:CVEO) last posted its quarterly earnings results on Friday, July 28th. The business services provider reported ($0.11) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.12) by $0.01. The company 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%. Equities analysts predict that Civeo Corporation will post ($0.52) earnings per share for the current year.

A number of research firms have weighed in on CVEO. Royal Bank Of Canada set a $3.00 price objective on shares of Civeo Corporation and gave the company a “hold” rating in a research report on Sunday. BidaskClub raised shares of Civeo Corporation from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, September 26th. Finally, ValuEngine raised shares of Civeo Corporation from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Two investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. Civeo Corporation presently has a consensus rating of “Buy” and an average target price of $4.17.

Civeo Corporation Company Profile

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.

Institutional Ownership by Quarter for Civeo Corporation (NYSE:CVEO)

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