Cubist Systematic Strategies LLC Makes New $1.80 Million Investment in NV5 Global, Inc. (NASDAQ:NVEE)

Cubist Systematic Strategies LLC bought a new position in shares of NV5 Global, Inc. (NASDAQ:NVEE - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 95,395 shares of the business services provider's stock, valued at approximately $1,797,000. Cubist Systematic Strategies LLC owned about 0.15% of NV5 Global as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. BNP Paribas raised its holdings in shares of NV5 Global by 300.0% during the fourth quarter. BNP Paribas now owns 1,400 shares of the business services provider's stock worth $26,000 after acquiring an additional 1,050 shares during the period. Sterling Capital Management LLC increased its holdings in NV5 Global by 3,320.5% during the 4th 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 in the last quarter. Blue Trust Inc. raised its stake in shares of NV5 Global by 287.7% in the 4th quarter. Blue Trust Inc. now owns 2,512 shares of the business services provider's stock valued at $47,000 after purchasing an additional 1,864 shares during the period. JPMorgan Chase & Co. raised its stake in shares of NV5 Global by 4.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 62,944 shares of the business services provider's stock valued at $5,884,000 after purchasing an additional 2,483 shares during the period. Finally, SRS Capital Advisors Inc. grew its holdings in shares of 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 buying an additional 2,680 shares in the last quarter. Institutional investors and hedge funds own 75.54% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have commented on NVEE. William Blair restated a "market perform" rating on shares of NV5 Global in a research note on Thursday. Roth Mkm boosted their price objective 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. StockNews.com downgraded shares of NV5 Global from a "buy" rating to a "hold" rating in a research report on Wednesday. Finally, Maxim Group lowered their price target on shares of NV5 Global from $29.00 to $24.00 and set a "buy" rating on the stock in a research note on Friday, February 21st. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $25.67.

NV5 Global Stock Down 0.6%

NVEE stock traded down $0.14 during mid-day trading on Friday, reaching $22.05. The company had a trading volume of 1,649,109 shares, compared to its average volume of 454,292. The company has a market capitalization of $1.45 billion, a price-to-earnings ratio of 44.77, a PEG ratio of 2.63 and a beta of 1.08. NV5 Global, Inc. has a 52 week low of $14.75 and a 52 week high of $26.14. The stock has a 50 day simple moving average of $17.89 and a two-hundred day simple moving average of $19.12. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.05 and a quick ratio of 2.05.

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 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 firm had revenue of $123.20 million for the quarter, compared to analyst estimates of $229.89 million. As a group, equities analysts predict that NV5 Global, Inc. will post 1.26 earnings per share for the current fiscal 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.