Two Sigma Advisers LP Acquires 63,900 Shares of NV5 Global, Inc. (NASDAQ:NVEE)

Two Sigma Advisers LP lifted its position in shares of NV5 Global, Inc. (NASDAQ:NVEE - Free Report) by 1,727.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 67,600 shares of the business services provider's stock after purchasing an additional 63,900 shares during the quarter. Two Sigma Advisers LP owned about 0.10% of NV5 Global worth $1,274,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. Swiss National Bank increased its stake in NV5 Global by 306.0% in the 4th quarter. Swiss National Bank now owns 115,300 shares of the business services provider's stock worth $2,172,000 after buying an additional 86,900 shares in the last quarter. Bank of New York Mellon Corp raised its position in NV5 Global by 1,572.9% during the 4th quarter. Bank of New York Mellon Corp now owns 1,510,725 shares of the business services provider's stock valued at $28,462,000 after purchasing an additional 1,420,417 shares in the last quarter. Amundi boosted its stake in shares of NV5 Global by 998.0% during the fourth quarter. Amundi now owns 25,178 shares of the business services provider's stock valued at $482,000 after purchasing an additional 22,885 shares in the last quarter. Geode Capital Management LLC grew its position in shares of NV5 Global by 298.3% in the 4th quarter. Geode Capital Management LLC now owns 1,302,719 shares of the business services provider's stock worth $24,549,000 after buying an additional 975,677 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its holdings in NV5 Global by 351.6% in the fourth quarter. Wells Fargo & Company MN now owns 109,922 shares of the business services provider's stock worth $2,071,000 after acquiring an additional 85,582 shares in the last quarter. 75.54% of the stock is owned by institutional investors.

NV5 Global Trading Down 0.9%

NASDAQ:NVEE traded down $0.19 during trading hours on Wednesday, hitting $22.07. The stock had a trading volume of 752,448 shares, compared to its average volume of 472,065. The company has a market cap of $1.45 billion, a price-to-earnings ratio of 44.81, a P/E/G ratio of 2.63 and a beta of 1.08. The business's 50 day moving average is $18.90 and its 200-day moving average is $19.00. NV5 Global, Inc. has a one year low of $14.75 and a one year high of $26.14. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.05 and a current 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 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 analyst estimates of $229.89 million. Sell-side analysts anticipate that NV5 Global, Inc. will post 1.26 EPS for the current fiscal year.

Wall Street Analyst Weigh In

NVEE has been the topic of several research analyst reports. Sidoti raised NV5 Global to a "hold" rating in a report on Friday, May 16th. William Blair reaffirmed a "market perform" rating on shares of NV5 Global in a research report on Thursday, May 15th. Lake Street Capital downgraded NV5 Global from a "buy" rating to a "hold" rating in a report on Thursday, May 15th. Maxim Group cut their price target on NV5 Global from $29.00 to $24.00 and set a "buy" rating for the company in a research note on Friday, February 21st. Finally, Wall Street Zen downgraded NV5 Global from a "buy" rating to a "hold" rating in a report on Wednesday, May 14th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $25.67.

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.