Horizon Kinetics Asset Management LLC Sells 187,590 Shares of Civeo Co. (NYSE:CVEO)

Horizon Kinetics Asset Management LLC trimmed its position in shares of Civeo Co. (NYSE:CVEO) by 5.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,064,019 shares of the business services provider’s stock after selling 187,590 shares during the quarter. Civeo accounts for 0.9% of Horizon Kinetics Asset Management LLC’s investment portfolio, making the stock its 14th largest holding. Horizon Kinetics Asset Management LLC owned 0.22% of Civeo worth $69,615,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of CVEO. Meros Investment Management LP acquired a new position in shares of Civeo during the third quarter worth approximately $2,332,000. Raymond James Financial Inc. acquired a new position in shares of Civeo during the fourth quarter worth approximately $1,452,000. FMR LLC raised its position in Civeo by 3.4% in the 3rd quarter. FMR LLC now owns 1,524,352 shares of the business services provider’s stock valued at $41,767,000 after buying an additional 50,400 shares during the last quarter. OFI Invest Asset Management purchased a new stake in Civeo in the 4th quarter valued at $878,000. Finally, TCW Group Inc. raised its position in Civeo by 4.2% in the 4th quarter. TCW Group Inc. now owns 780,217 shares of the business services provider’s stock valued at $17,727,000 after buying an additional 31,157 shares during the last quarter. 81.44% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com lowered Civeo from a “strong-buy” rating to a “buy” rating in a research report on Sunday, December 29th.

Civeo Trading Up 0.4 %

Shares of Civeo stock opened at $20.56 on Monday. Civeo Co. has a 1 year low of $20.26 and a 1 year high of $28.92. The firm has a market cap of $280.74 million, a PE ratio of 14.69 and a beta of 2.03. The stock has a fifty day moving average price of $23.71 and a 200-day moving average price of $24.96. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.36 and a quick ratio of 1.28.

Civeo Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, February 24th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 4.86%. The ex-dividend date is Monday, February 24th. Civeo’s dividend payout ratio is presently -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.