CANADA LIFE ASSURANCE Co Boosts Stock Holdings in NV5 Global, Inc. (NASDAQ:NVEE)

CANADA LIFE ASSURANCE Co increased its stake in shares of NV5 Global, Inc. (NASDAQ:NVEE - Free Report) by 315.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 70,918 shares of the business services provider's stock after buying an additional 53,865 shares during the period. CANADA LIFE ASSURANCE Co owned about 0.11% of NV5 Global worth $1,335,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Sterling Capital Management LLC boosted its position in NV5 Global by 3,320.5% during the fourth quarter. Sterling Capital Management LLC now owns 1,505 shares of the business services provider's stock worth $28,000 after purchasing an additional 1,461 shares during the period. Blue Trust Inc. boosted its position in NV5 Global by 287.7% during the fourth quarter. Blue Trust Inc. now owns 2,512 shares of the business services provider's stock worth $47,000 after purchasing an additional 1,864 shares during the period. SRS Capital Advisors Inc. boosted its position in NV5 Global by 296.5% during the fourth quarter. SRS Capital Advisors Inc. now owns 3,584 shares of the business services provider's stock worth $68,000 after purchasing an additional 2,680 shares during the period. KBC Group NV boosted 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 purchasing an additional 3,550 shares during the period. Finally, Essex Investment Management Co. LLC boosted its position in NV5 Global by 300.0% during the fourth quarter. Essex Investment Management Co. LLC now owns 5,600 shares of the business services provider's stock worth $106,000 after purchasing an additional 4,200 shares during the period. Hedge funds and other institutional investors own 75.54% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on NVEE. Roth Mkm increased their target price on shares of NV5 Global from $27.00 to $28.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. Maxim Group cut their price objective on shares of NV5 Global from $29.00 to $24.00 and set a "buy" rating for the company in a research report on Friday, February 21st. Finally, StockNews.com lowered shares of NV5 Global from a "buy" rating to a "hold" rating in a research report on Wednesday, February 19th.

NV5 Global Price Performance

Shares of NVEE stock traded down $0.12 during trading hours on Thursday, reaching $18.43. The stock had a trading volume of 566,254 shares, compared to its average volume of 424,542. The stock's fifty day simple moving average is $17.62 and its 200 day simple moving average is $19.40. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.30. NV5 Global, Inc. has a 12 month low of $14.75 and a 12 month high of $26.14. The firm has a market capitalization of $1.20 billion, a PE ratio of 37.42, a PEG ratio of 2.63 and a beta of 1.07.

NV5 Global (NASDAQ:NVEE - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The business services provider reported $0.17 EPS for the quarter, missing analysts' consensus estimates of $0.20 by ($0.03). NV5 Global had a net margin of 3.25% and a return on equity of 9.34%. On average, equities research analysts predict that NV5 Global, Inc. will post 1.26 EPS for the current year.

NV5 Global announced that its Board of Directors has initiated a stock repurchase plan on Monday, January 6th that authorizes the company to buyback $20.00 million in shares. This buyback authorization authorizes the business services provider to repurchase up to 1.6% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's board of directors believes its stock is undervalued.

NV5 Global Company Profile

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.