Kornitzer Capital Management Inc. KS Has $10.54 Million Stock Holdings in NV5 Global, Inc. (NASDAQ:NVEE)

Kornitzer Capital Management Inc. KS raised its position in shares of NV5 Global, Inc. (NASDAQ:NVEE - Free Report) by 297.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 559,480 shares of the business services provider's stock after buying an additional 418,610 shares during the quarter. Kornitzer Capital Management Inc. KS owned about 0.86% of NV5 Global worth $10,541,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Blue Trust Inc. grew its holdings in shares of NV5 Global by 287.7% during the fourth quarter. Blue Trust Inc. now owns 2,512 shares of the business services provider's stock valued at $47,000 after purchasing an additional 1,864 shares during the last quarter. KBC Group NV increased its position in NV5 Global by 527.5% during the fourth quarter. KBC Group NV now owns 4,223 shares of the business services provider's stock worth $80,000 after buying an additional 3,550 shares during the last quarter. Cetera Trust Company N.A grew its position in shares of NV5 Global by 166.8% in the fourth quarter. Cetera Trust Company N.A now owns 5,710 shares of the business services provider's stock valued at $108,000 after purchasing an additional 3,570 shares during the last quarter. Liberty One Investment Management LLC lifted its stake in shares of NV5 Global by 317.9% in the fourth quarter. Liberty One Investment Management LLC now owns 6,779 shares of the business services provider's stock valued at $128,000 after buying an additional 5,157 shares during the period. Finally, Heritage Family Offices LLP bought a new position in NV5 Global during the fourth quarter worth about $196,000. Institutional investors and hedge funds own 75.54% of the company's stock.

NV5 Global Trading Up 1.8 %

Shares of NASDAQ NVEE traded up $0.32 during midday trading on Friday, reaching $17.75. 1,034,374 shares of the stock were exchanged, compared to its average volume of 433,467. The business has a 50-day simple moving average of $18.52 and a two-hundred day simple moving average of $21.38. The company has a market capitalization of $1.15 billion, a price-to-earnings ratio of 31.56, a P/E/G ratio of 2.57 and a beta of 1.23. NV5 Global, Inc. has a 12 month low of $16.77 and a 12 month high of $27.77. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.05 and a quick ratio of 2.05.

NV5 Global (NASDAQ:NVEE - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The business services provider reported $0.28 earnings per share for the quarter, missing analysts' consensus estimates of $0.30 by ($0.02). The firm had revenue of $246.52 million for the quarter, compared to the consensus estimate of $243.46 million. NV5 Global had a return on equity of 9.45% and a net margin of 3.86%. As a group, equities research analysts expect that NV5 Global, Inc. will post 1.19 EPS for the current year.

NV5 Global announced that its Board of Directors has approved a stock repurchase program on Monday, January 6th that allows the company to buyback $20.00 million in outstanding shares. This buyback authorization allows the business services provider to repurchase up to 1.6% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's board of directors believes its stock is undervalued.

Insider Transactions at NV5 Global

In related news, VP Richard Tong sold 20,000 shares of the business's stock in a transaction on Friday, December 13th. The shares were sold at an average price of $20.08, for a total value of $401,600.00. Following the sale, the vice president now directly owns 45,584 shares of the company's stock, valued at approximately $915,326.72. The trade was a 30.50 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 12.40% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have commented on NVEE shares. StockNews.com cut shares of NV5 Global from a "buy" rating to a "hold" rating in a research note on Wednesday. Roth Mkm raised their price target on shares of NV5 Global from $27.00 to $28.00 and gave the company a "buy" rating in a report on Friday. Robert W. Baird lowered their price target on shares of NV5 Global from $26.00 to $25.00 and set a "neutral" rating for the company in a report on Friday, November 8th. Finally, Maxim Group lowered their price target on shares of NV5 Global from $29.00 to $24.00 and set a "buy" rating for the company in a report on Friday. Two analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, NV5 Global presently has a consensus rating of "Moderate Buy" and a consensus price target of $25.67.

About NV5 Global

NV5 Global, Inc provides technology, conformity assessment, consulting solutions, and software applications to public and private sector clients in the infrastructure, utility services, construction, real estate, environmental, and geospatial markets in the United States and internationally. It operates through three segments: Infrastructure; Building, Technology & Sciences; and Geospatial Solutions.