BlackRock Inc. Grows Holdings in Civeo Corp (CVEO)

BlackRock Inc. boosted its holdings in Civeo Corp (NYSE:CVEO) by 19.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 163,183 shares of the business services provider’s stock after purchasing an additional 26,425 shares during the quarter. BlackRock Inc. owned approximately 0.10% of Civeo worth $677,000 at the end of the most recent quarter.

Separately, Swiss National Bank boosted its holdings in Civeo by 42.3% in the third quarter. Swiss National Bank now owns 234,000 shares of the business services provider’s stock worth $971,000 after purchasing an additional 69,600 shares during the period. 66.66% of the stock is owned by institutional investors and hedge funds.

CVEO stock opened at $2.40 on Tuesday. The company has a current ratio of 1.53, a quick ratio of 1.46 and a debt-to-equity ratio of 0.77. The firm has a market capitalization of $396.41 million, a price-to-earnings ratio of -3.58 and a beta of 4.22. Civeo Corp has a 1 year low of $1.12 and a 1 year high of $4.64.

A number of equities analysts have commented on CVEO shares. Craig Hallum set a $4.00 price objective on shares of Civeo and gave the stock a “buy” rating in a report on Wednesday, October 31st. TheStreet cut Civeo from a “c-” rating to a “d” rating in a research note on Wednesday, October 31st. Finally, ValuEngine cut Civeo from a “buy” rating to a “hold” rating in a research note on Monday, February 4th. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $4.50.

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About Civeo

Civeo Corporation offers workforce accommodation, logistics, and facility management services to the natural resource industry in Canada, Australia, the United States, and internationally. The company develops lodges and villages; open camps; and mobile camps, 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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