Horizon Kinetics Asset Management LLC Has $69.62 Million Holdings in Civeo Co. (NYSE:CVEO)

Horizon Kinetics Asset Management LLC lessened its stake in Civeo Co. (NYSE:CVEO) by 5.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,064,019 shares of the business services provider’s stock after selling 187,590 shares during the quarter. Civeo comprises 0.9% of Horizon Kinetics Asset Management LLC’s investment portfolio, making the stock its 14th biggest position. Horizon Kinetics Asset Management LLC owned 22.25% of Civeo worth $69,615,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. FMR LLC raised its stake in Civeo by 3.4% during the third quarter. FMR LLC now owns 1,524,352 shares of the business services provider’s stock worth $41,767,000 after acquiring an additional 50,400 shares in the last quarter. TCW Group Inc. raised its stake in Civeo by 4.2% during the fourth quarter. TCW Group Inc. now owns 780,217 shares of the business services provider’s stock worth $17,727,000 after acquiring an additional 31,157 shares in the last quarter. Empowered Funds LLC grew its holdings in shares of Civeo by 5.1% during the fourth quarter. Empowered Funds LLC now owns 100,748 shares of the business services provider’s stock worth $2,289,000 after purchasing an additional 4,885 shares during the last quarter. Royce & Associates LP grew its holdings in shares of Civeo by 19.0% during the third quarter. Royce & Associates LP now owns 93,931 shares of the business services provider’s stock worth $2,574,000 after purchasing an additional 15,002 shares during the last quarter. Finally, Meros Investment Management LP bought a new stake in shares of Civeo during the third quarter worth about $2,332,000. Institutional investors and hedge funds own 81.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Civeo from a “strong-buy” rating to a “buy” rating in a report on Sunday, December 29th.

Civeo Stock Performance

Shares of CVEO stock opened at $20.56 on Monday. The business’s 50 day simple moving average is $23.71 and its 200 day simple moving average is $24.96. Civeo Co. has a one year low of $20.26 and a one year high of $28.92. The stock has a market capitalization of $280.74 million, a PE ratio of 14.69 and a beta of 2.03. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.36 and a quick ratio of 1.28.

Civeo Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, February 24th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.86%. The ex-dividend date is Monday, February 24th. Civeo’s payout ratio is -80.00%.

Civeo Company Profile

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 assets, including modular, skid-mounted accommodation, and central facilities that provide short to medium-term accommodation needs.