Bowman Consulting Group Ltd. (NASDAQ:BWMN) Shares Bought by Kornitzer Capital Management Inc. KS

Kornitzer Capital Management Inc. KS grew its stake in Bowman Consulting Group Ltd. (NASDAQ:BWMN - Free Report) by 13.4% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 68,500 shares of the company's stock after buying an additional 8,100 shares during the quarter. Kornitzer Capital Management Inc. KS owned 0.40% of Bowman Consulting Group worth $1,495,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in shares of Bowman Consulting Group by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 800,748 shares of the company's stock valued at $19,979,000 after buying an additional 13,198 shares during the period. Summit Creek Advisors LLC lifted its stake in Bowman Consulting Group by 14.3% during the fourth quarter. Summit Creek Advisors LLC now owns 373,443 shares of the company's stock worth $9,317,000 after purchasing an additional 46,816 shares during the last quarter. Pacific Ridge Capital Partners LLC lifted its stake 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 purchasing an additional 18,902 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Bowman Consulting Group by 41.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 194,515 shares of the company's stock worth $4,853,000 after purchasing an additional 57,278 shares during the last quarter. Finally, Grandeur Peak Global Advisors LLC lifted its stake in Bowman Consulting Group by 100.1% during the fourth quarter. Grandeur Peak Global Advisors LLC now owns 159,289 shares of the company's stock worth $3,974,000 after purchasing an additional 79,691 shares during the last quarter. Hedge funds and other institutional investors own 63.20% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on BWMN. Robert W. Baird boosted their target price on Bowman Consulting Group from $28.00 to $29.00 and gave the stock an "outperform" rating in a research note on Thursday, May 8th. B. Riley boosted their target price on Bowman Consulting Group from $33.00 to $43.00 and gave the stock a "buy" rating in a research note on Wednesday. Finally, Wall Street Zen cut Bowman Consulting Group from a "buy" rating to a "hold" rating in a research note on Friday, June 27th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $36.38.

Bowman Consulting Group Stock Performance

BWMN traded down $1.01 during trading on Friday, hitting $31.48. 73,975 shares of the stock were exchanged, compared to its average volume of 94,937. The firm has a market capitalization of $542.40 million, a P/E ratio of 242.15, a PEG ratio of 4.55 and a beta of 1.29. Bowman Consulting Group Ltd. has a 1-year low of $17.90 and a 1-year high of $36.65. The stock has a fifty day moving average price of $27.50 and a two-hundred day moving average price of $24.56. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.15.

Bowman Consulting Group (NASDAQ:BWMN - Get Free Report) last released its quarterly 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 return on equity of 2.74% and a net margin of 0.54%.

Bowman Consulting Group declared that its board has initiated a share buyback plan on Friday, June 6th that authorizes the company to repurchase $25.00 million in outstanding shares. This repurchase authorization authorizes the company to reacquire up to 5.4% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's management believes its stock is undervalued.

Insider Buying and Selling

In other Bowman Consulting Group news, insider Robert Alan Hickey sold 5,000 shares of Bowman Consulting Group stock in a transaction that occurred on Wednesday, June 18th. The stock was sold at an average price of $26.70, for a total transaction of $133,500.00. Following the transaction, the insider owned 176,685 shares of the company's stock, valued at $4,717,489.50. The trade was a 2.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders sold a total of 6,724 shares of company stock worth $177,970 over the last quarter. Insiders own 17.42% of the company's stock.

Bowman Consulting Group Profile

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.