Prescott Group Capital Management, Llc updates its holdings in Civeo (CVEO)

Fintel reports that Prescott Group Capital Management, Llc has filed a Form 13G/A with the SEC disclosing ownership of 0.78 million shares of Civeo Corp (CVEO). This represents 5.7% of the company.

In their previous filing dated February 9, 2022, they declared 0.79 million shares and 5.50% of the company,
a decrease in shares of 0.32% and an increase in total ownership of 0.20% (calculated as current – previous ownership percentage).

Analyst price forecast suggests 4.02% upside

As of February 4, 2023, the one-year average price target for Civeo is $36.72. The predictions range from a low of $36.36 to a high of $37.80. The average price target represents a 4.02% increase from its last reported closing price of $35.30.

Civeo’s projected annual revenue is $677 million, down 2.58%. Projected annual EPS is -$0.58.

Fund Sentiment

114 funds or institutions declare positions in Civeo. This is a decrease of 3 owner(s) or 2.56%.

Average portfolio weight of all funds dedicated to the United States: the CVEO is 0.4065%, a decrease of 1.3612%. The total number of shares held by institutions has increased over the past three months by 5.08% to 11,630,000 shares.

What are the big shareholders doing?

Horizon Kinetics Asset Management holds 3,870,376 shares representing 25.43% ownership of the company. In its previous filing, the company said it held 3,583,170 shares, representing
a raise
of 7.42%. The company

increase

its CVEO portfolio allocation of 12.30% over the last quarter.

Conversant Capital owns 957,470 shares representing 6.29% ownership of the company. In its previous filing, the company said it held 957,360 shares, representing
a raise
by 0.01%. The company

increase

its CVEO portfolio allocation of 1.25% over the last quarter.

FLPSX – Fidelity Low-Priced Stock Fund holds 775,355 shares representing 5.10% ownership of the company. In its previous filing, the company said it held 875,661 shares, representing
a decrease
of 12.94%. The company

decreases

its CVEO portfolio allocation of 3.40% over the last quarter.

Renaissance Technologies holds 595,348 shares representing 3.91% ownership of the company. In its previous filing, the company said it held 662,448 shares, representing
a decrease
of 11.27%. The company

increase

its CVEO portfolio allocation of 4.32% over the last quarter.

Tcw Group holds 532,084 shares representing 3.50% ownership of the company. In its previous filing, the company said it held 512,247 shares, representing
a raise
of 3.73%. The company

increase

its CVEO portfolio allocation of 12.75% over the last quarter.

General information about Civeo
(This description is provided by the company.)

Civeo Corporation is a leading hospitality service provider with leading positions in the Canadian oil sands and Australian natural resource regions markets. Civeo offers complete solutions to house hundreds or thousands of workers with its long-term and temporary housing and provides catering, housekeeping, facilities management, laundry, water treatment and cleaning services. wastewater, power generation, communication systems, security and logistics services. Civeo currently operates a total of 28 lodges and villages in Canada, Australia and the United States, with a total of approximately 30,000 rooms.

This story originally appeared on Fintel.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.