American Century Companies Inc. Has $9.04 Million Position in Civeo Co. (NYSE:CVEO)

American Century Companies Inc. increased its holdings in Civeo Co. (NYSE:CVEO) by 15.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 398,013 shares of the business services provider’s stock after purchasing an additional 54,532 shares during the quarter. American Century Companies Inc. owned approximately 2.89% of Civeo worth $9,043,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Quantbot Technologies LP bought a new stake in Civeo in the third quarter valued at $68,000. SG Americas Securities LLC grew its stake in shares of Civeo by 42.4% during the 4th quarter. SG Americas Securities LLC now owns 6,552 shares of the business services provider’s stock worth $149,000 after acquiring an additional 1,950 shares during the period. State Street Corp purchased a new position in Civeo in the 3rd quarter valued at approximately $222,000. XTX Topco Ltd bought a new stake in shares of Civeo during the third quarter valued at about $231,000. Finally, OFI Invest Asset Management bought a new stake in Civeo during the fourth quarter valued at $878,000. Institutional investors and hedge funds own 81.44% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Civeo from a “buy” rating to a “hold” rating in a research report on Monday.

Civeo Price Performance

CVEO stock opened at $24.22 on Thursday. Civeo Co. has a 12-month low of $20.26 and a 12-month high of $28.92. The company has a current ratio of 1.36, a quick ratio of 1.28 and a debt-to-equity ratio of 0.18. The firm’s 50-day moving average price is $23.36 and its two-hundred day moving average price is $24.49. The stock has a market capitalization of $330.70 million, a price-to-earnings ratio of 17.30 and a beta of 2.03.

Civeo Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, February 24th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, February 24th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.13%. 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.