Trexquant Investment LP Trims Position in Civeo Co. (NYSE:CVEO)

Trexquant Investment LP trimmed its position in Civeo Co. (NYSE:CVEO) by 35.6% during the 4th quarter, HoldingsChannel reports. The firm owned 14,198 shares of the business services provider’s stock after selling 7,860 shares during the period. Trexquant Investment LP’s holdings in Civeo were worth $323,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. WINTON GROUP Ltd increased its holdings in Civeo by 218.5% during the fourth quarter. WINTON GROUP Ltd now owns 26,256 shares of the business services provider’s stock valued at $597,000 after buying an additional 18,013 shares during the last quarter. OFI Invest Asset Management bought a new position in Civeo in the 4th quarter worth $878,000. Raymond James Financial Inc. purchased a new position in Civeo during the fourth quarter valued at $1,452,000. TCW Group Inc. lifted its position in Civeo by 4.2% during the fourth quarter. TCW Group Inc. now owns 780,217 shares of the business services provider’s stock valued at $17,727,000 after purchasing an additional 31,157 shares in the last quarter. Finally, Boston Partners grew its holdings in Civeo by 22.6% during the fourth quarter. Boston Partners now owns 139,434 shares of the business services provider’s stock valued at $3,168,000 after purchasing an additional 25,726 shares during the period. 81.44% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com downgraded Civeo from a “buy” rating to a “hold” rating in a research note on Monday, March 31st.

Civeo Stock Up 0.0 %

CVEO opened at $19.41 on Monday. The stock has a market cap of $264.96 million, a price-to-earnings ratio of 13.86 and a beta of 1.54. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.28 and a current ratio of 1.36. The firm’s fifty day moving average is $22.80 and its 200 day moving average is $24.01. Civeo Co. has a fifty-two week low of $18.99 and a fifty-two week high of $28.92.

Civeo Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, February 24th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.15%. The ex-dividend date of this dividend was Monday, February 24th. Civeo’s dividend payout ratio (DPR) is -80.00%.

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.