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Civeo Co. (NYSE:CVEO – Get Rating) was the recipient of a significant increase in short interest in the month of December. As of December 15th, there was short interest totalling 40,400 shares, an increase of 32.5% from the November 30th total of 30,500 shares. Based on an average daily volume of 31,300 shares, the short-interest ratio is presently 1.3 days. Currently, 0.3% of the shares of the company are sold short.
Analyst Ratings Changes
Separately, StockNews.com initiated coverage on Civeo in a research note on Wednesday, October 12th. They issued a “strong-buy” rating for the company.
Insider Activity at Civeo
In related news, SVP Allan Schoening sold 5,000 shares of Civeo stock in a transaction that occurred on Tuesday, November 1st. The stock was sold at an average price of $30.66, for a total value of $153,300.00. Following the sale, the senior vice president now directly owns 13,421 shares in the company, valued at $411,487.86. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Civeo news, Director Martin Lambert sold 10,665 shares of the company’s stock in a transaction dated Tuesday, November 8th. The shares were sold at an average price of $31.47, for a total transaction of $335,627.55. Following the transaction, the director now directly owns 30,415 shares in the company, valued at $957,160.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Allan Schoening sold 5,000 shares of Civeo stock in a transaction that occurred on Tuesday, November 1st. The shares were sold at an average price of $30.66, for a total transaction of $153,300.00. Following the sale, the senior vice president now owns 13,421 shares of the company’s stock, valued at $411,487.86. The disclosure for this sale can be found here. 3.80% of the stock is owned by insiders.
Hedge Funds Weigh In On Civeo
Several hedge funds have recently bought and sold shares of CVEO. Lazard Asset Management LLC purchased a new stake in shares of Civeo during the first quarter worth about $55,000. Parian Global Management LP acquired a new stake in Civeo during the third quarter worth approximately $101,000. Acadian Asset Management LLC grew its stake in Civeo by 33.2% in the 1st quarter. Acadian Asset Management LLC now owns 5,387 shares of the business services provider’s stock worth $124,000 after acquiring an additional 1,342 shares during the period. Janney Montgomery Scott LLC acquired a new position in Civeo in the 2nd quarter valued at $208,000. Finally, Two Sigma Advisers LP purchased a new position in shares of Civeo during the 3rd quarter worth $213,000. Hedge funds and other institutional investors own 88.27% of the company’s stock.
Civeo Price Performance
NYSE:CVEO traded up $0.07 during mid-day trading on Friday, hitting $31.10. 25,234 shares of the company’s stock traded hands, compared to its average volume of 40,231. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.34 and a current ratio of 1.40. Civeo has a 1 year low of $18.39 and a 1 year high of $32.06. The company has a market cap of $426.38 million, a PE ratio of 20.73, a price-to-earnings-growth ratio of 14.78 and a beta of 2.72. The firm’s 50 day simple moving average is $29.84 and its 200 day simple moving average is $28.05.
About Civeo
(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.
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