TCW Group Inc. Has $20.52 Million Holdings in Civeo Co. (NYSE:CVEO)

TCW Group Inc. trimmed its stake in shares of Civeo Co. (NYSE:CVEO) by 1.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 749,060 shares of the business services provider’s stock after selling 12,514 shares during the period. TCW Group Inc. owned approximately 5.44% of Civeo worth $20,524,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Quantbot Technologies LP bought a new stake in Civeo during the 3rd quarter worth about $68,000. Quent Capital LLC bought a new stake in shares of Civeo during the third quarter worth approximately $100,000. SG Americas Securities LLC acquired a new position in Civeo in the second quarter valued at approximately $128,000. State Street Corp bought a new position in Civeo in the third quarter valued at approximately $222,000. Finally, XTX Topco Ltd acquired a new stake in Civeo during the 3rd quarter worth $231,000. 81.44% of the stock is owned by institutional investors.

Civeo Price Performance

Civeo stock opened at $23.63 on Wednesday. The company has a current ratio of 1.36, a quick ratio of 1.28 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $325.39 million, a P/E ratio of 16.88 and a beta of 2.04. The business has a 50-day moving average of $25.81 and a 200-day moving average of $25.78. Civeo Co. has a 1 year low of $21.44 and a 1 year high of $28.92.

Civeo (NYSE:CVEO) last issued its quarterly earnings data 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 firm had revenue of $176.34 million for the quarter, compared to analyst estimates of $172.59 million. Civeo had a net margin of 3.00% and a return on equity of 0.11%. During the same quarter in the prior year, the firm posted $0.61 EPS. On average, equities analysts anticipate that Civeo Co. will post -0.58 EPS for the current year.

Civeo Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, November 25th will be given a $0.25 dividend. The ex-dividend date is Monday, November 25th. This represents a $1.00 annualized dividend and a dividend yield of 4.23%. Civeo’s dividend payout ratio is presently 71.43%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Civeo from a “buy” rating to a “strong-buy” rating in a research note on Friday, November 29th.

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.