Services Sector Losers: Pinnacle Entertainment Inc. (NYSE:PNK), Orbitz Worldwide (NYSE:OWW), Civeo Corporation (NYSE:CVEO), Cenveo Inc. (NYSE:CVO), Roundy’s (NYSE:RNDY)


Pinnacle Entertainment Inc. (NYSE:PNK) will separate its operating assets and real estate into two publicly traded companies, following pressure from activist investor Orange Capital LLC. Pinnacle Entertainment Inc. (NYSE:PNK) in last trading activity moved down -9.44% to close at $23.22. Company weekly performance is -8.15% while its quarterly performance stands at 5.02%. Pinnacle Entertainment Inc. (NYSE:PNK) is -15.41% away from its 52 week high.

ORBITZ Worldwide, Inc. (NYSE:OWW) announced results Thursday for the third quarter ended September 30, 2014. Revenues came in at $253.135 million, an increase of 26 percent over the same period in 2013, in line with the average estimate of $252.99 million. On last trading day Orbitz Worldwide, Inc. (NYSE:OWW) moved down -9.20% to close at $7.70. Its volatility for the week is 4.92% while volatility for the month is 4.05%. OWW’s sales growth for past 5 years was -0.50% and its EPS growth for past 5 years was 19.20%. Orbitz Worldwide, Inc. (NYSE:OWW) monthly performance is -6.21%.

Civeo Corporation (NYSE:CVEO) generated revenues of $243.3 million and Adjusted EBITDA of $92.5 million during the third quarter of 2014 (EBITDA is defined as net income plus interest, taxes, depreciation and amortization and Adjusted EBITDA is defined as EBITDA adjusted to exclude impairment charges and certain other costs such as those incurred associated with the spin-off). These results compare to revenues of $245.1 million and Adjusted EBITDA of $98.3 million reported in the third quarter of 2013. Revenues and Adjusted EBITDA were down year-over-year primarily due to the unfavorable impact on consolidated results of a stronger U.S. dollar compared to the Canadian dollar, a year-over-year decline of 5%, lower occupancy levels in both the Australian villages and Canadian lodges and lower average daily rates at the Canadian lodges. On last trading day Civeo Corporation (NYSE:CVEO) moved down -5.34% to close at $10.98. Its volatility for the week is 6.14% while volatility for the month is 5.31%. Civeo Corporation (NYSE:CVEO) monthly performance is -13.95%.

Cenveo Inc. (NYSE:CVO) generated net sales of $480.6 million for the three months ended Sept. 27, 2014, compared to $442.8 million for the same period last year, an increase of 8.5 percent. The Company generated net sales of $1.5 billion for the nine months ended Sept. 27, 2014, compared to $1.3 billion for the same period last year, an increase of 14.4 percent. The increase in net sales is primarily due to sales generated from the integration of National Envelope into our envelope operations, as National Envelope was only included in our 2013 results beginning on Sept. 16, 2013, the date of acquisition, as well as our ability to pass along paper price increases to certain customers in our envelope operations. Cenveo Inc. (NYSE:CVO) has 10.70% insider ownership while its institutional ownership stands at 58.30%. In last trading activity company’s stock closed at $1.73.

Roundy’s, Inc. (NYSE:RNDY) reported Q3 EPS of ($0.07), in-line with the analyst estimate of ($0.07). Revenue for the quarter came in at $973.8 million versus the consensus estimate of $965.6 million. On Thursday shares of Roundy’s, Inc. (NYSE:RNDY) closed at $3.26. Company’s sales growth for last 5 years was 0.40% and EPS growth for next 5 years is recorded as 10.00%.


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