Janney Montgomery Scott LLC Acquires New Position in Civeo Co. (NYSE:CVEO)

Janney Montgomery Scott LLC acquired a new stake in Civeo Co. (NYSE:CVEOGet Rating) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 7,656 shares of the business services provider’s stock, valued at approximately $208,000. Janney Montgomery Scott LLC owned about 0.05% of Civeo at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. RBF Capital LLC boosted its position in Civeo by 1.3% in the first quarter. RBF Capital LLC now owns 80,907 shares of the business services provider’s stock valued at $1,924,000 after buying an additional 1,000 shares in the last quarter. Acadian Asset Management LLC boosted its position in Civeo by 33.2% in the first quarter. Acadian Asset Management LLC now owns 5,387 shares of the business services provider’s stock valued at $124,000 after buying an additional 1,342 shares in the last quarter. Truist Financial Corp boosted its position in Civeo by 1.9% in the second quarter. Truist Financial Corp now owns 80,624 shares of the business services provider’s stock valued at $2,086,000 after buying an additional 1,527 shares in the last quarter. Lazard Asset Management LLC acquired a new stake in Civeo in the first quarter valued at approximately $55,000. Finally, Adalta Capital Management LLC lifted its holdings in shares of Civeo by 46.9% during the first quarter. Adalta Capital Management LLC now owns 11,750 shares of the business services provider’s stock worth $277,000 after purchasing an additional 3,750 shares during the period. 91.03% of the stock is owned by institutional investors.

Insider Transactions at Civeo

In other news, SVP Allan Schoening sold 5,000 shares of Civeo stock in a transaction on Tuesday, November 1st. The shares were sold at an average price of $30.66, for a total transaction of $153,300.00. Following the transaction, the senior vice president now owns 13,421 shares in the company, valued at $411,487.86. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, Director Martin Lambert sold 10,665 shares of the business’s stock in a transaction on Tuesday, November 8th. The shares were sold at an average price of $31.47, for a total value of $335,627.55. Following the transaction, the director now owns 30,415 shares in the company, valued at $957,160.05. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Allan Schoening sold 5,000 shares of the business’s stock in a transaction on Tuesday, November 1st. The shares were sold at an average price of $30.66, for a total transaction of $153,300.00. Following the completion of the transaction, the senior vice president now owns 13,421 shares in the company, valued at approximately $411,487.86. The disclosure for this sale can be found here. 3.80% of the stock is owned by company insiders.

Civeo Price Performance

Shares of NYSE:CVEO opened at $30.70 on Friday. The firm has a market cap of $420.99 million, a PE ratio of 20.47, a price-to-earnings-growth ratio of 14.57 and a beta of 2.77. The firm’s fifty day moving average is $28.14 and its 200-day moving average is $27.72. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.34 and a current ratio of 1.40. Civeo Co. has a 52 week low of $17.69 and a 52 week high of $32.06.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on shares of Civeo in a report on Wednesday, October 12th. They set a “strong-buy” rating on the stock.

Civeo Profile

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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 accommodations, including modular, skid-mounted accommodation, and central facilities that provide long-term and temporary work force accommodations.

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Institutional Ownership by Quarter for Civeo (NYSE:CVEO)

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