Civeo Co. (NYSE:CVEO) Stock Holdings Lessened by Horizon Kinetics Asset Management LLC

Horizon Kinetics Asset Management LLC cut its holdings in Civeo Co. (NYSE:CVEO) by 1.0% in the third quarter, HoldingsChannel reports. The firm owned 3,251,609 shares of the business services provider’s stock after selling 34,337 shares during the quarter. Civeo accounts for 1.3% of Horizon Kinetics Asset Management LLC’s portfolio, making the stock its 8th largest position. Horizon Kinetics Asset Management LLC owned about 0.24% of Civeo worth $89,094,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. O Shaughnessy Asset Management LLC increased its stake in Civeo by 41.2% during the first quarter. O Shaughnessy Asset Management LLC now owns 15,691 shares of the business services provider’s stock worth $421,000 after acquiring an additional 4,577 shares during the last quarter. Lazard Asset Management LLC raised its holdings in Civeo by 42.6% during the 1st quarter. Lazard Asset Management LLC now owns 10,773 shares of the business services provider’s stock valued at $289,000 after buying an additional 3,220 shares during the period. SG Americas Securities LLC bought a new stake in Civeo in the second quarter worth $128,000. TCW Group Inc. boosted its stake in Civeo by 1.0% during the second quarter. TCW Group Inc. now owns 761,574 shares of the business services provider’s stock worth $18,978,000 after buying an additional 7,339 shares during the period. Finally, OFI Invest Asset Management bought a new position in Civeo during the second quarter valued at $930,000. Institutional investors own 81.44% of the company’s stock.

Civeo Stock Performance

Shares of Civeo stock opened at $24.45 on Monday. The company has a quick ratio of 1.28, a current ratio of 1.36 and a debt-to-equity ratio of 0.18. The stock’s fifty day moving average is $26.85 and its two-hundred day moving average is $25.90. Civeo Co. has a 52 week low of $21.44 and a 52 week high of $28.92. The company has a market capitalization of $336.68 million, a PE ratio of 17.46 and a beta of 2.06.

Civeo (NYSE:CVEO) last issued its earnings results on Wednesday, October 30th. The business services provider reported ($0.36) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.38). The company had revenue of $176.34 million for the quarter, compared to analysts’ expectations of $172.59 million. Civeo had a net margin of 3.00% and a return on equity of 0.11%. During the same period in the prior year, the firm posted $0.61 earnings per share. As a group, analysts expect that Civeo Co. will post -0.58 earnings per share for the current year.

Civeo Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, November 25th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.09%. The ex-dividend date is Monday, November 25th. Civeo’s dividend payout ratio (DPR) is presently 71.43%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on CVEO shares. StockNews.com lowered shares of Civeo from a “strong-buy” rating to a “buy” rating in a report on Friday, November 1st. Stifel Nicolaus reissued a “buy” rating and issued a $32.00 price objective (up previously from $31.00) on shares of Civeo in a research note on Wednesday, July 31st.

Civeo 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.