Brevan Howard Capital Management LP Makes New $296,000 Investment in NV5 Global, Inc. (NASDAQ:NVEE)

Brevan Howard Capital Management LP acquired a new stake in shares of NV5 Global, Inc. (NASDAQ:NVEE - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 15,696 shares of the business services provider's stock, valued at approximately $296,000.

A number of other hedge funds have also recently bought and sold shares of NVEE. Swiss National Bank lifted its stake in NV5 Global by 306.0% in the fourth quarter. Swiss National Bank now owns 115,300 shares of the business services provider's stock worth $2,172,000 after purchasing an additional 86,900 shares during the last quarter. QV Investors Inc. raised its holdings in NV5 Global by 914.2% in the fourth quarter. QV Investors Inc. now owns 48,580 shares of the business services provider's stock worth $915,000 after purchasing an additional 43,790 shares in the last quarter. Nordea Investment Management AB grew its holdings in NV5 Global by 313.3% in the fourth quarter. Nordea Investment Management AB now owns 97,546 shares of the business services provider's stock worth $1,853,000 after purchasing an additional 73,944 shares during the period. Linden Thomas Advisory Services LLC raised its stake in NV5 Global by 292.4% during the fourth quarter. Linden Thomas Advisory Services LLC now owns 50,169 shares of the business services provider's stock valued at $945,000 after buying an additional 37,384 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in shares of NV5 Global by 4.1% in the third quarter. JPMorgan Chase & Co. now owns 62,944 shares of the business services provider's stock worth $5,884,000 after buying an additional 2,483 shares in the last quarter. 75.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Maxim Group decreased their price objective on shares of NV5 Global from $29.00 to $24.00 and set a "buy" rating for the company in a report on Friday, February 21st. StockNews.com cut NV5 Global from a "buy" rating to a "hold" rating in a research note on Wednesday. William Blair reaffirmed a "market perform" rating on shares of NV5 Global in a research report on Thursday. Finally, Roth Mkm lifted their price objective on NV5 Global from $27.00 to $28.00 and gave the stock a "buy" rating in a report on Friday, February 21st. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $25.67.

NV5 Global Stock Performance

Shares of NV5 Global stock traded up $3.34 on Thursday, hitting $22.19. 6,230,760 shares of the company's stock were exchanged, compared to its average volume of 450,156. The company has a 50-day simple moving average of $17.80 and a 200-day simple moving average of $19.12. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.05 and a current ratio of 2.05. NV5 Global, Inc. has a 1 year low of $14.75 and a 1 year high of $26.14. The stock has a market capitalization of $1.46 billion, a PE ratio of 45.06, a PEG ratio of 2.63 and a beta of 1.08.

NV5 Global (NASDAQ:NVEE - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The business services provider reported $0.17 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.20 by ($0.03). NV5 Global had a return on equity of 9.34% and a net margin of 3.25%. The business had revenue of $123.20 million during the quarter, compared to analysts' expectations of $229.89 million. As a group, equities analysts anticipate that NV5 Global, Inc. will post 1.26 EPS for the current year.

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.