5 Stocks to Buy Today According to Phil Frohlich’s Prescott Group Capital Management

2. Civeo Corporation (NYSE: CVEO)

Frohlich’s Stake Value: $15,036,000
Percentage of Phil Frohlich’s 13F Portfolio: 4.25%
Number of Hedge Fund Holders: 10

Civeo Corporation (NYSE: CVEO) is a global corporation that provides lodging services in the United States. The company was founded in 2013, and it stands second on the list of 10 stocks to buy today according to Phil Frohlich’s Prescott Group Capital Management.

On July 30, Civeo Corporation (NYSE: CVEO) declared earnings for the second quarter of 2021. It posted earnings per share of -$0.03, beating the anticipation by $0.06. Revenue for the second quarter was $154.2 million, up 34.4% YoY. 

The hedge fund chaired by Phil Frohlich owns 844,722 shares in Civeo Corporation (NYSE: CVEO) worth $15.04 million, representing 4.25% of their investment portfolio. According to our database, the number of Civeo Corporation (NYSE: CVEO) long hedge funds positions increased in the second quarter of 2021. There were 10 hedge funds that hold a position in Civeo Corporation (NYSE: CVEO) compared to 9 funds in the first quarter of 2021. Murray Stahl’s Horizon Asset Management is the company’s most significant stakeholder, with 3.58 million shares worth $61.55 million.