CenterBook Partners LP Invests $1.12 Million in NV5 Global, Inc. (NASDAQ:NVEE)

CenterBook Partners LP acquired a new stake in shares of NV5 Global, Inc. (NASDAQ:NVEE - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 58,028 shares of the business services provider's stock, valued at approximately $1,118,000. CenterBook Partners LP owned 0.09% of NV5 Global as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Charles Schwab Investment Management Inc. increased its holdings in NV5 Global by 11.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 767,187 shares of the business services provider's stock valued at $14,784,000 after buying an additional 81,126 shares during the period. Vanguard Group Inc. increased its holdings in NV5 Global by 1.9% during the first quarter. Vanguard Group Inc. now owns 3,832,374 shares of the business services provider's stock valued at $73,850,000 after buying an additional 70,427 shares during the period. Geneva Capital Management LLC increased its holdings in NV5 Global by 6.5% during the first quarter. Geneva Capital Management LLC now owns 1,723,679 shares of the business services provider's stock valued at $33,215,000 after buying an additional 105,204 shares during the period. US Bancorp DE increased its holdings in NV5 Global by 4.2% during the first quarter. US Bancorp DE now owns 14,255 shares of the business services provider's stock valued at $275,000 after buying an additional 576 shares during the period. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new position in NV5 Global during the first quarter valued at approximately $385,000. 75.54% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have weighed in on NVEE shares. Sidoti upgraded shares of NV5 Global to a "hold" rating in a research note on Friday, May 16th. Maxim Group restated a "hold" rating on shares of NV5 Global in a research note on Thursday, July 3rd. Lake Street Capital downgraded shares of NV5 Global from a "buy" rating to a "hold" rating in a research note on Thursday, May 15th. CJS Securities downgraded shares of NV5 Global from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, June 10th. Finally, Wall Street Zen downgraded shares of NV5 Global from a "buy" rating to a "hold" rating in a research note on Wednesday, May 14th. Seven equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $25.67.

NV5 Global Stock Performance

Shares of NASDAQ:NVEE traded up $0.07 on Thursday, hitting $23.06. 1,148,410 shares of the company were exchanged, compared to its average volume of 539,163. NV5 Global, Inc. has a 1-year low of $14.75 and a 1-year high of $26.14. The stock's 50 day moving average price is $22.32 and its 200 day moving average price is $19.46. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $1.55 billion, a P/E ratio of 46.59, a price-to-earnings-growth ratio of 1.46 and a beta of 1.13.

NV5 Global (NASDAQ:NVEE - Get Free Report) last issued its quarterly earnings data 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). The firm had revenue of $123.20 million during the quarter, compared to analyst estimates of $229.89 million. NV5 Global had a return on equity of 9.12% and a net margin of 3.19%. Sell-side analysts predict that NV5 Global, Inc. will post 1.26 EPS for the current year.

NV5 Global 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.