Raymond James & Associates Sells 921 Shares of Civeo Co. (NYSE:CVEO)

Raymond James & Associates lessened its stake in Civeo Co. (NYSE:CVEOGet Rating) by 1.2% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 76,522 shares of the business services provider’s stock after selling 921 shares during the period. Raymond James & Associates’ holdings in Civeo were worth $1,923,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Conversant Capital LLC bought a new stake in shares of Civeo during the second quarter worth $24,767,000. Truist Financial Corp increased 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 worth $2,086,000 after purchasing an additional 1,527 shares during the period. Moors & Cabot Inc. raised its holdings in Civeo by 2.0% during the 2nd quarter. Moors & Cabot Inc. now owns 43,669 shares of the business services provider’s stock worth $1,130,000 after purchasing an additional 864 shares during the last quarter. Lazard Asset Management LLC lifted its position in Civeo by 221.2% during the 2nd quarter. Lazard Asset Management LLC now owns 7,491 shares of the business services provider’s stock valued at $193,000 after purchasing an additional 5,159 shares during the period. Finally, Janney Montgomery Scott LLC bought a new position in shares of Civeo in the 2nd quarter valued at about $208,000. 88.27% of the stock is currently owned by institutional investors.

Insider Activity at Civeo

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

Civeo Stock Up 3.2 %

NYSE:CVEO opened at $33.11 on Tuesday. The company has a quick ratio of 1.34, a current ratio of 1.40 and a debt-to-equity ratio of 0.35. Civeo Co. has a 12-month low of $19.24 and a 12-month high of $33.75. The stock’s fifty day simple moving average is $30.25 and its 200-day simple moving average is $28.67. The firm has a market capitalization of $454.04 million, a P/E ratio of 22.07 and a beta of 2.63.

Civeo (NYSE:CVEOGet Rating) last issued its earnings results on Friday, October 28th. The business services provider reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.09. The firm had revenue of $184.23 million for the quarter, compared to analysts’ expectations of $173.55 million. Civeo had a return on equity of 9.10% and a net margin of 3.88%. Equities research analysts expect that Civeo Co. will post 0.21 earnings per share for the current year.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on shares of Civeo in a research note on Wednesday, October 12th. They set a “strong-buy” rating for the company.

Civeo Company Profile

(Get Rating)

Civeo Corp. engages in the provision of workforce accommodations, logistics and facility management services to the natural resource industry. It operates through the following business segments: Canada, Australia, and U.S. The Canada segment provides accommodation services through lodges, open camps and mobile assets, which supports workforces from oil sands and in a variety of oil and natural gas drilling, mining and related natural resource applications, as well as disaster relief efforts.

See Also

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Institutional Ownership by Quarter for Civeo (NYSE:CVEO)

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