Horizon Asset Management Picked Up Civeo Corp (NYSE:CVEO) Shares

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In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Civeo Corp (NYSE:CVEO) reported that Horizon Asset Management has picked up 14,684,389 of common stock as of 2017-06-09.

The acquisition brings the aggregate amount owned by Horizon Asset Management to a total of 14,684,389 representing 11.1% stake in the company.

For those not familiar with the company, The Civeo Corporation is an American accommodation services multinational corporation. It is a spin-off of Oil States International. It is a public company listed on the New York Stock Exchange. The company is headquartered in Houston, Texas. Its Chief Executive Officer and President is Bradley J. Dodson. The company provides accommodation services to employees of oil and gas companies in the United States, Canada, and Australia. It owns and operates seventeen lodges and villages in Canada and Australia, with about 21,000 rooms.

A glance at Civeo Corp (NYSE:CVEO)’s key stats reveals a current market capitalization of 256.10 million based on 132.01 Million shares outstanding and a price at last close of $1.97 per share.

Looking at insider activity, there are a few transactions worth noting.

Specifically, on 2015-09-30, Dodson picked up 70,000 at a purchase price of $1.54. This brings their total holding to 777,476 as of the date of the filing.

On the sell side, the most recent transaction saw Mccann unload 11,448               shares at a sale price of $1.37. This brings their total holding to 35,745.

It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Civeo Corp (NYSE:CVEO) as things move forward to see if its progress aligns with these transactions.

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