Two Sigma Investments LP cut its position in shares of NV5 Global Inc (NASDAQ:NVEE) by 2.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 17,896 shares of the company’s stock after selling 494 shares during the period. Two Sigma Investments LP owned about 0.18% of NV5 Global worth $598,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently modified their holdings of NVEE. Bank of Montreal Can purchased a new position in shares of NV5 Global during the third quarter worth approximately $111,000. Wells Fargo & Company MN raised its position in shares of NV5 Global by 104.3% in the third quarter. Wells Fargo & Company MN now owns 7,456 shares of the company’s stock worth $241,000 after buying an additional 3,807 shares in the last quarter. BlackRock Inc. raised its position in shares of NV5 Global by 0.6% in the third quarter. BlackRock Inc. now owns 8,247 shares of the company’s stock worth $266,000 after buying an additional 47 shares in the last quarter. First Trust Advisors LP purchased a new position in shares of NV5 Global during the third quarter worth approximately $775,000. Finally, ClariVest Asset Management LLC raised its position in shares of NV5 Global by 14.8% in the third quarter. ClariVest Asset Management LLC now owns 26,699 shares of the company’s stock worth $863,000 after buying an additional 3,445 shares in the last quarter. 55.61% of the stock is currently owned by hedge funds and other institutional investors.
NV5 Global Inc (NASDAQ:NVEE) opened at 37.60 on Friday. The firm has a market capitalization of $376.56 million, a price-to-earnings ratio of 30.82 and a beta of 1.62. NV5 Global Inc has a one year low of $24.03 and a one year high of $41.80. The firm has a 50-day moving average price of $37.76 and a 200-day moving average price of $34.82.
NV5 Global (NASDAQ:NVEE) last issued its quarterly earnings results on Thursday, March 9th. The company reported $0.44 EPS for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.03. NV5 Global had a return on equity of 12.38% and a net margin of 5.41%. Analysts expect that NV5 Global Inc will post $1.98 EPS for the current year.
A number of research analysts have commented on the company. Lake Street Capital assumed coverage on NV5 Global in a report on Tuesday, March 21st. They issued a “buy” rating and a $47.00 price objective on the stock. Zacks Investment Research lowered NV5 Global from a “buy” rating to a “sell” rating in a report on Thursday, March 9th.
About NV5 Global
NV5 Global, Inc, formerly NV5 Holdings, Inc, is a holding company. The Company provides professional and technical engineering and consulting solutions to public and private sector clients in the infrastructure, energy, construction, real estate and environmental markets. It focuses on five business verticals: construction quality assurance, infrastructure, energy, program management, and environmental solutions.
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