Trexquant Investment LP lifted its stake in shares of NV5 Global, Inc. (NASDAQ:NVEE - Free Report) by 1,597.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 87,116 shares of the business services provider's stock after buying an additional 81,985 shares during the quarter. Trexquant Investment LP owned approximately 0.13% of NV5 Global worth $1,641,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets raised its holdings in shares of NV5 Global by 12.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 6,342 shares of the business services provider's stock valued at $593,000 after purchasing an additional 703 shares in the last quarter. Blue Trust Inc. lifted its holdings in NV5 Global by 287.7% during the 4th quarter. Blue Trust Inc. now owns 2,512 shares of the business services provider's stock worth $47,000 after buying an additional 1,864 shares during the last quarter. Janus Henderson Group PLC boosted its position in shares of NV5 Global by 42.5% during the 3rd quarter. Janus Henderson Group PLC now owns 8,040 shares of the business services provider's stock worth $750,000 after acquiring an additional 2,396 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of NV5 Global by 4.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 62,944 shares of the business services provider's stock valued at $5,884,000 after acquiring an additional 2,483 shares during the last quarter. Finally, SRS Capital Advisors Inc. raised its position in shares of NV5 Global by 296.5% during the 4th quarter. SRS Capital Advisors Inc. now owns 3,584 shares of the business services provider's stock worth $68,000 after acquiring an additional 2,680 shares in the last quarter. Institutional investors and hedge funds own 75.54% of the company's stock.
NV5 Global Stock Performance
NVEE stock traded up $0.09 during trading on Tuesday, hitting $16.18. The company had a trading volume of 30,575 shares, compared to its average volume of 410,397. The firm has a 50-day moving average price of $17.93 and a 200-day moving average price of $19.91. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.30. The firm has a market cap of $1.06 billion, a PE ratio of 32.80, a price-to-earnings-growth ratio of 2.63 and a beta of 1.07. NV5 Global, Inc. has a 1-year low of $15.14 and a 1-year high of $26.14.
NV5 Global (NASDAQ:NVEE - Get Free Report) last released its earnings results on Thursday, February 20th. The business services provider reported $0.28 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.30 by ($0.02). NV5 Global had a net margin of 3.25% and a return on equity of 9.34%. The company had revenue of $246.52 million during the quarter, compared to analyst estimates of $243.46 million. On average, analysts expect that NV5 Global, Inc. will post 1.26 earnings per share for the current year.
NV5 Global announced that its Board of Directors has authorized a stock buyback plan on Monday, January 6th that permits the company to repurchase $20.00 million in outstanding shares. This repurchase authorization permits the business services provider to buy up to 1.6% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's leadership believes its shares are undervalued.
Analyst Upgrades and Downgrades
A number of equities analysts recently issued reports on NVEE shares. Roth Mkm upped their price target on NV5 Global from $27.00 to $28.00 and gave the company a "buy" rating in a report on Friday, February 21st. StockNews.com lowered NV5 Global from a "buy" rating to a "hold" rating in a research report on Wednesday, February 19th. Finally, Maxim Group lowered their target price on shares of NV5 Global from $29.00 to $24.00 and set a "buy" rating on the stock in a research report on Friday, February 21st.
Check Out Our Latest Stock Report on NV5 Global
About NV5 Global
(
Free Report)
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.
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