Dimensional Fund Advisors LP lessened its stake in shares of Civeo Co. (NYSE:CVEO) by 3.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,168,807 shares of the business services provider’s stock after selling 66,259 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Civeo were worth $6,181,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Alpine Woods Capital Investors LLC bought a new stake in Civeo during the 3rd quarter valued at $171,000. M&T Bank Corp boosted its position in Civeo by 3.8% during the 2nd quarter. M&T Bank Corp now owns 67,445 shares of the business services provider’s stock valued at $141,000 after acquiring an additional 2,445 shares in the last quarter. Wells Fargo & Company MN boosted its position in Civeo by 116.7% during the 2nd quarter. Wells Fargo & Company MN now owns 90,124 shares of the business services provider’s stock valued at $189,000 after acquiring an additional 48,529 shares in the last quarter. Macquarie Group Ltd. bought a new stake in Civeo during the 3rd quarter valued at $325,000. Finally, JPMorgan Chase & Co. boosted its position in Civeo by 656.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 135,530 shares of the business services provider’s stock valued at $390,000 after acquiring an additional 117,620 shares in the last quarter. 78.84% of the stock is currently owned by institutional investors and hedge funds.
Shares of Civeo Co. (NYSE:CVEO) opened at $3.32 on Friday. Civeo Co. has a twelve month low of $1.57 and a twelve month high of $3.81. The company has a current ratio of 2.09, a quick ratio of 2.02 and a debt-to-equity ratio of 0.58.
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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.
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