Cetera Investment Advisers Makes New $327,000 Investment in Bowman Consulting Group Ltd. (NASDAQ:BWMN)

Cetera Investment Advisers bought a new stake in Bowman Consulting Group Ltd. (NASDAQ:BWMN - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 13,120 shares of the company's stock, valued at approximately $327,000. Cetera Investment Advisers owned 0.07% of Bowman Consulting Group as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Vanguard Group Inc. boosted its position in shares of Bowman Consulting Group by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 800,748 shares of the company's stock worth $19,979,000 after purchasing an additional 13,198 shares in the last quarter. Summit Creek Advisors LLC grew its stake in Bowman Consulting Group by 14.3% in the 4th quarter. Summit Creek Advisors LLC now owns 373,443 shares of the company's stock worth $9,317,000 after acquiring an additional 46,816 shares during the period. Pacific Ridge Capital Partners LLC lifted its position in Bowman Consulting Group by 7.4% during the fourth quarter. Pacific Ridge Capital Partners LLC now owns 274,711 shares of the company's stock worth $6,854,000 after buying an additional 18,902 shares during the period. Swedbank AB purchased a new stake in Bowman Consulting Group in the fourth quarter valued at approximately $4,990,000. Finally, Dimensional Fund Advisors LP boosted its holdings in Bowman Consulting Group by 41.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 194,515 shares of the company's stock valued at $4,853,000 after acquiring an additional 57,278 shares during the last quarter. 63.20% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on BWMN shares. Robert W. Baird upped their target price on shares of Bowman Consulting Group from $28.00 to $29.00 and gave the company an "outperform" rating in a research note on Thursday, May 8th. Bank of America lowered their target price on Bowman Consulting Group from $36.50 to $30.50 and set a "buy" rating on the stock in a research report on Wednesday, March 12th. B. Riley raised Bowman Consulting Group to a "strong-buy" rating in a research note on Tuesday, March 18th. Finally, Wall Street Zen lowered Bowman Consulting Group from a "buy" rating to a "hold" rating in a research report on Sunday. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Buy" and an average target price of $34.17.

Bowman Consulting Group Price Performance

BWMN traded up $0.28 during trading on Tuesday, hitting $25.68. The company's stock had a trading volume of 3,333 shares, compared to its average volume of 93,177. Bowman Consulting Group Ltd. has a 12 month low of $17.90 and a 12 month high of $36.65. The firm's 50 day moving average price is $23.28 and its two-hundred day moving average price is $24.05. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $442.54 million, a price-to-earnings ratio of -32.51 and a beta of 1.24.

Bowman Consulting Group (NASDAQ:BWMN - Get Free Report) last issued its earnings results on Tuesday, May 6th. The company reported ($0.11) EPS for the quarter, missing the consensus estimate of $0.10 by ($0.21). Bowman Consulting Group had a negative net margin of 2.62% and a positive return on equity of 3.76%.

About Bowman Consulting Group

Bowman Consulting Group Ltd. provides a range of real estate, energy, infrastructure, and environmental management solutions in the United States. It offers civil and site engineering services, such as conceptual land planning, environmental consulting and permitting, planning/zoning and entitlements, roadway and highway designs, erosion and sediment designs, stormwater management designs, construction administration, traffic studies, floodplain studies, and utility relocation designs; and commissioning and energy efficiency services comprise construction observation, direct systems functional performance testing, system development readiness checklist, post occupancy review, review of construction documents, deferred/seasonal functional testing, final commissioning report, and commissioning review of submittals.