Cercano Management LLC Increases Stock Position in NV5 Global, Inc. (NASDAQ:NVEE)

Cercano Management LLC increased its position in shares of NV5 Global, Inc. (NASDAQ:NVEE - Free Report) by 208.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,925,599 shares of the business services provider's stock after purchasing an additional 2,654,405 shares during the quarter. NV5 Global accounts for approximately 1.9% of Cercano Management LLC's investment portfolio, making the stock its 16th largest holding. Cercano Management LLC owned 6.03% of NV5 Global worth $73,958,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of NVEE. Vanguard Group Inc. boosted its position in NV5 Global by 288.4% in the 4th quarter. Vanguard Group Inc. now owns 3,761,947 shares of the business services provider's stock worth $70,875,000 after purchasing an additional 2,793,280 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in NV5 Global by 310.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,514,316 shares of the business services provider's stock worth $47,370,000 after purchasing an additional 1,901,998 shares in the last quarter. American Century Companies Inc. grew its holdings in NV5 Global by 322.4% in the fourth quarter. American Century Companies Inc. now owns 2,147,358 shares of the business services provider's stock valued at $40,456,000 after purchasing an additional 1,639,014 shares during the period. Swedbank AB increased its position in shares of NV5 Global by 366.4% in the fourth quarter. Swedbank AB now owns 1,632,296 shares of the business services provider's stock valued at $30,752,000 after buying an additional 1,282,296 shares in the last quarter. Finally, Geneva Capital Management LLC raised its stake in shares of NV5 Global by 274.0% during the 4th quarter. Geneva Capital Management LLC now owns 1,618,475 shares of the business services provider's stock worth $30,492,000 after buying an additional 1,185,754 shares during the period. Hedge funds and other institutional investors own 75.54% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently commented on NVEE. Roth Mkm boosted their price target on shares of NV5 Global from $27.00 to $28.00 and gave the stock a "buy" rating in a report on Friday, February 21st. Maxim Group lowered their price objective on NV5 Global from $29.00 to $24.00 and set a "buy" rating on the stock in a report on Friday, February 21st. Finally, StockNews.com upgraded NV5 Global from a "hold" rating to a "buy" rating in a research report on Tuesday, May 6th.

NV5 Global Price Performance

NVEE traded up $0.05 during trading on Friday, reaching $19.34. The company's stock had a trading volume of 225,882 shares, compared to its average volume of 426,842. NV5 Global, Inc. has a 1 year low of $14.75 and a 1 year high of $26.14. 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 company has a market cap of $1.27 billion, a price-to-earnings ratio of 39.27, a PEG ratio of 2.63 and a beta of 1.08. The firm has a fifty day simple moving average of $17.72 and a two-hundred day simple moving average of $19.16.

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

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.