Home Hedge Funds Civeo Co. (NYSE:CVEO) Short Interest Down 12.7% in August

Civeo Co. (NYSE:CVEO) Short Interest Down 12.7% in August

39
0
Civeo logo

Civeo Co. (NYSE:CVEOGet Rating) was the target of a large decrease in short interest in the month of August. As of August 31st, there was short interest totalling 31,700 shares, a decrease of 12.7% from the August 15th total of 36,300 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily trading volume, of 50,800 shares, the days-to-cover ratio is currently 0.6 days.

Civeo Stock Down 3.0 %

NYSE:CVEO traded down $0.85 on Friday, hitting $27.32. The stock had a trading volume of 38,123 shares, compared to its average volume of 38,464. Civeo has a 1 year low of $17.69 and a 1 year high of $32.06. The firm’s fifty day simple moving average is $27.77 and its two-hundred day simple moving average is $26.59. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.36 and a current ratio of 1.42. The stock has a market cap of $374.56 million, a P/E ratio of 23.15, a price-to-earnings-growth ratio of 34.15 and a beta of 2.82.

Civeo (NYSE:CVEOGet Rating) last released its earnings results on Friday, July 29th. The business services provider reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.02. The company had revenue of $184.95 million during the quarter, compared to analyst estimates of $177.22 million. Civeo had a return on equity of 7.24% and a net margin of 3.28%. Analysts predict that Civeo will post 0.08 earnings per share for the current year.

Insider Buying and Selling

In related news, SVP Allan Schoening sold 4,000 shares of the stock in a transaction on Thursday, August 18th. The stock was sold at an average price of $30.30, for a total value of $121,200.00. Following the transaction, the senior vice president now directly owns 18,421 shares in the company, valued at approximately $558,156.30. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Civeo news, major shareholder Lance Torgerson sold 374,753 shares of the firm’s stock in a transaction on Friday, August 12th. The stock was sold at an average price of $27.39, for a total transaction of $10,264,484.67. Following the transaction, the insider now directly owns 160,102 shares in the company, valued at approximately $4,385,193.78. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Allan Schoening sold 4,000 shares of Civeo stock in a transaction on Thursday, August 18th. The stock was sold at an average price of $30.30, for a total transaction of $121,200.00. Following the transaction, the senior vice president now directly owns 18,421 shares in the company, valued at $558,156.30. The disclosure for this sale can be found here. 3.80% of the stock is owned by company insiders.

Hedge Funds Weigh In On Civeo

A number of hedge funds and other institutional investors have recently made changes to their positions in CVEO. Dimensional Fund Advisors LP raised its position in Civeo by 1.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 231,266 shares of the business services provider’s stock worth $4,433,000 after acquiring an additional 3,350 shares during the period. TCW Group Inc. lifted its stake in Civeo by 13.5% in the first quarter. TCW Group Inc. now owns 480,691 shares of the business services provider’s stock valued at $11,347,000 after purchasing an additional 57,313 shares during the last quarter. Hillsdale Investment Management Inc. bought a new position in Civeo during the first quarter valued at $46,000. Brown Advisory Inc. increased its position in Civeo by 2.3% in the first quarter. Brown Advisory Inc. now owns 296,074 shares of the business services provider’s stock worth $6,989,000 after buying an additional 6,758 shares during the last quarter. Finally, Donald Smith & CO. Inc. bought a new stake in shares of Civeo in the first quarter valued at $1,497,000. 91.03% of the stock is owned by hedge funds and other institutional investors.

Civeo Company Profile

(Get Rating)

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 accommodations, including modular, skid-mounted accommodation, and central facilities that provide long-term and temporary work force accommodations.

Featured Stories

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Before you consider Civeo, you’ll want to hear this.

MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Civeo wasn’t on the list.

While Civeo currently has a “N/A” rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Source link

Previous articleThe $17 Trillion Market Opportunity You Can’t Afford to Miss
Next articleSEC Reiterates Commitment to Commodities Ecosystem Development

LEAVE A REPLY

Please enter your comment!
Please enter your name here