Wasatch Advisors LP lessened its holdings in Bowman Consulting Group Ltd. (NASDAQ:BWMN - Free Report) by 24.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 240,914 shares of the company's stock after selling 76,737 shares during the quarter. Wasatch Advisors LP owned 1.37% of Bowman Consulting Group worth $5,801,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Quantbot Technologies LP boosted its stake in Bowman Consulting Group by 115.6% in the 3rd quarter. Quantbot Technologies LP now owns 3,893 shares of the company's stock worth $94,000 after purchasing an additional 2,087 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in shares of Bowman Consulting Group during the second quarter worth $96,000. Acorn Financial Advisory Services Inc. ADV purchased a new position in Bowman Consulting Group in the 3rd quarter worth $217,000. Virtu Financial LLC acquired a new stake in Bowman Consulting Group during the 1st quarter worth about $226,000. Finally, Comerica Bank lifted its position in Bowman Consulting Group by 18.2% during the 1st quarter. Comerica Bank now owns 7,745 shares of the company's stock worth $269,000 after acquiring an additional 1,190 shares during the period. Hedge funds and other institutional investors own 63.20% of the company's stock.
Wall Street Analyst Weigh In
Several research analysts have recently issued reports on BWMN shares. Roth Mkm reduced their price objective on Bowman Consulting Group from $47.00 to $43.00 and set a "buy" rating for the company in a research note on Thursday, August 8th. Robert W. Baird reduced their price target on shares of Bowman Consulting Group from $29.00 to $27.00 and set an "outperform" rating for the company in a research report on Friday, November 8th. Five equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $39.70.
Read Our Latest Stock Analysis on BWMN
Insiders Place Their Bets
In other Bowman Consulting Group news, CEO Gary Bowman sold 4,002 shares of the company's stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $24.08, for a total value of $96,368.16. Following the completion of the transaction, the chief executive officer now owns 919,500 shares in the company, valued at approximately $22,141,560. This represents a 0.43 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Robert Alan Hickey sold 1,444 shares of the firm's stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $22.09, for a total value of $31,897.96. Following the sale, the insider now owns 196,888 shares in the company, valued at $4,349,255.92. This trade represents a 0.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,202 shares of company stock worth $168,400. Corporate insiders own 20.40% of the company's stock.
Bowman Consulting Group Stock Performance
Shares of BWMN traded up $0.32 during mid-day trading on Friday, reaching $27.39. The company had a trading volume of 33,032 shares, compared to its average volume of 90,791. The stock has a market capitalization of $480.15 million, a P/E ratio of -34.67 and a beta of 1.12. Bowman Consulting Group Ltd. has a 52-week low of $19.92 and a 52-week high of $42.90. The stock has a 50 day moving average of $23.47 and a two-hundred day moving average of $27.28. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.16.
About Bowman Consulting Group
(
Free Report)
Bowman Consulting Group Ltd. provides a range of real estate, energy, infrastructure, and environmental management solutions in the United States. It offers civil and site engineering services, such as conceptual land planning, environmental consulting and permitting, planning/zoning and entitlements, roadway and highway designs, erosion and sediment designs, stormwater management designs, construction administration, traffic studies, floodplain studies, and utility relocation designs; and commissioning and energy efficiency services comprise construction observation, direct systems functional performance testing, system development readiness checklist, post occupancy review, review of construction documents, deferred/seasonal functional testing, final commissioning report, and commissioning review of submittals.
Featured Articles
Before you consider Bowman Consulting Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Bowman Consulting Group wasn't on the list.
While Bowman Consulting Group currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Like this article? Share it with a colleague.
Link copied to clipboard.
