Miracle Mile Advisors LLC lowered its holdings in Civeo Corp (NYSE:CVEO) by 45.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 40,000 shares of the business services provider’s stock after selling 34,000 shares during the period. Miracle Mile Advisors LLC’s holdings in Civeo were worth $84,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in CVEO. Chicago Partners Investment Group LLC purchased a new stake in shares of Civeo in the first quarter worth about $25,000. Great West Life Assurance Co. Can purchased a new stake in shares of Civeo in the fourth quarter worth about $26,000. GSA Capital Partners LLP boosted its position in shares of Civeo by 64.1% in the fourth quarter. GSA Capital Partners LLP now owns 21,500 shares of the business services provider’s stock worth $31,000 after buying an additional 8,400 shares during the period. Measured Wealth Private Client Group LLC boosted its position in shares of Civeo by 66.8% in the first quarter. Measured Wealth Private Client Group LLC now owns 22,981 shares of the business services provider’s stock worth $48,000 after buying an additional 9,202 shares during the period. Finally, Teachers Advisors LLC purchased a new stake in shares of Civeo in the third quarter worth about $53,000. 65.94% of the stock is owned by institutional investors and hedge funds.

In other Civeo news, SVP Peter Mccann sold 125,000 shares of the company’s stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $2.04, for a total transaction of $255,000.00. Following the sale, the senior vice president now owns 380,005 shares in the company, valued at $775,210.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In the last quarter, insiders sold 218,368 shares of company stock worth $492,527. Insiders own 2.60% of the company’s stock.

Several research firms recently commented on CVEO. Zacks Investment Research upgraded Civeo from a “sell” rating to a “hold” rating in a research note on Tuesday, April 30th. Royal Bank of Canada began coverage on Civeo in a research note on Thursday, March 28th. They issued a “sector perform” rating and a $3.00 price target on the stock. Finally, ValuEngine cut Civeo from a “buy” rating to a “hold” rating in a research note on Monday, February 4th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Civeo presently has a consensus rating of “Hold” and a consensus price target of $4.00.

NYSE:CVEO opened at $1.68 on Monday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.09 and a current ratio of 1.13. Civeo Corp has a one year low of $1.12 and a one year high of $4.64. The stock has a market capitalization of $284.43 million, a P/E ratio of -2.55 and a beta of 4.06.

Civeo (NYSE:CVEO) last released its quarterly earnings results on Friday, April 26th. The business services provider reported ($0.11) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.09) by ($0.02). Civeo had a negative return on equity of 8.89% and a negative net margin of 9.25%. The business had revenue of $108.55 million during the quarter, compared to analyst estimates of $108.90 million. As a group, equities research analysts predict that Civeo Corp will post -0.23 earnings per share for the current year.

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Civeo Profile

Civeo Corporation provides hospitality services to the natural resource industry in Canada, Australia, the United States, and internationally. 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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Institutional Ownership by Quarter for Civeo (NYSE:CVEO)

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