22Nw LP Purchases 81,120 Shares of Civeo Corporation (CVEO)

22Nw LP boosted its position in Civeo Corporation (NYSE:CVEO) by 15.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 594,965 shares of the business services provider’s stock after buying an additional 81,120 shares during the period. 22Nw LP owned approximately 0.45% of Civeo worth $1,696,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CVEO. Alps Advisors Inc. boosted its position in Civeo by 37.6% in the 2nd quarter. Alps Advisors Inc. now owns 62,857 shares of the business services provider’s stock worth $132,000 after purchasing an additional 17,186 shares in the last quarter. M&T Bank Corp boosted its position in Civeo by 3.8% in the 2nd quarter. M&T Bank Corp now owns 67,445 shares of the business services provider’s stock worth $141,000 after purchasing an additional 2,445 shares in the last quarter. Alpine Woods Capital Investors LLC purchased a new stake in Civeo in the 3rd quarter worth approximately $171,000. Wells Fargo & Company MN boosted its position in Civeo by 116.7% in the 2nd quarter. Wells Fargo & Company MN now owns 90,124 shares of the business services provider’s stock worth $189,000 after purchasing an additional 48,529 shares in the last quarter. Finally, Macquarie Group Ltd. purchased a new stake in Civeo in the 3rd quarter worth approximately $325,000. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Shares of Civeo Corporation (NYSE:CVEO) traded up $0.06 during mid-day trading on Wednesday, hitting $2.18. The stock had a trading volume of 2,278,000 shares, compared to its average volume of 966,236. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.09 and a quick ratio of 2.02. Civeo Corporation has a twelve month low of $1.57 and a twelve month high of $3.73.

Several equities research analysts have commented on the company. ValuEngine upgraded Civeo from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Royal Bank Of Canada restated a “hold” rating and issued a $3.00 price objective on shares of Civeo in a research report on Friday, September 1st. Finally, BidaskClub upgraded Civeo from a “hold” rating to a “buy” rating in a research report on Saturday, September 9th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $4.17.

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About Civeo

Civeo Corporation is an integrated provider of long-term and temporary remote site accommodations, logistics and facility management services to the natural resource industry. The Company operates in active oil, coal, natural gas and iron ore producing regions, including Canada, Australia and the United States.

Institutional Ownership by Quarter for Civeo (NYSE:CVEO)

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