Centerbridge Partners buys $9,416,280 stake in Civeo Corporation (Canada) (CVEO)

Civeo Corporation (Canada) (CVEO) : Centerbridge Partners scooped up 701,000 additional shares in Civeo Corporation (Canada) during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 7,079,910 shares of Civeo Corporation (Canada) which is valued at $9,416,280.Civeo Corporation (Canada) makes up approximately 1.08% of Centerbridge Partners’s portfolio.

Other Hedge Funds, Including , Archford Capital Strategies added CVEO to its portfolio by purchasing 12 company shares during the most recent quarter which is valued at $16. Raymond James Associates added CVEO to its portfolio by purchasing 17,800 company shares during the most recent quarter which is valued at $23,674.Dimensional Fund Advisors Lp reduced its stake in CVEO by selling 33,166 shares or 2.36% in the most recent quarter. The Hedge Fund company now holds 1,373,580 shares of CVEO which is valued at $2,005,427.

Civeo Corporation (Canada) closed down -0.01 points or -0.87% at $1.14 with 6,54,297 shares getting traded on Thursday. Post opening the session at $1.14, the shares hit an intraday low of $1.08 and an intraday high of $1.2 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

Many Wall Street Analysts have commented on Civeo Corporation (Canada). Shares were Downgraded by Scotia Howard Weil on Jul 13, 2016 to ” Sector Outperform” and Lowered the Price Target to $ 3 from a previous price target of $4 .Scotia Howard Weil Upgraded Civeo Corporation (Canada) on Jun 22, 2016 to ” Focus Stock”, Price Target of the shares are set at $4.

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