New South Capital Management Inc. Sells 50,211 Shares of NV5 Global, Inc. (NASDAQ:NVEE)

New South Capital Management Inc. trimmed its holdings in shares of NV5 Global, Inc. (NASDAQ:NVEE - Free Report) by 11.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 391,418 shares of the business services provider's stock after selling 50,211 shares during the period. New South Capital Management Inc. owned about 0.60% of NV5 Global worth $7,543,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in NVEE. Heritage Family Offices LLP grew its stake in NV5 Global by 6.8% during the 1st quarter. Heritage Family Offices LLP now owns 11,090 shares of the business services provider's stock valued at $214,000 after purchasing an additional 706 shares in the last quarter. BNP Paribas boosted its stake in shares of NV5 Global by 300.0% during the 4th quarter. BNP Paribas now owns 1,400 shares of the business services provider's stock valued at $26,000 after buying an additional 1,050 shares during the last quarter. Janney Montgomery Scott LLC grew its position in shares of NV5 Global by 8.7% during the first quarter. Janney Montgomery Scott LLC now owns 14,953 shares of the business services provider's stock worth $288,000 after buying an additional 1,203 shares in the last quarter. Azzad Asset Management Inc. ADV grew its position in shares of NV5 Global by 3.3% during the first quarter. Azzad Asset Management Inc. ADV now owns 43,471 shares of the business services provider's stock worth $838,000 after buying an additional 1,392 shares in the last quarter. Finally, Sterling Capital Management LLC grew 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 acquiring an additional 1,461 shares in the last quarter. 75.54% of the stock is owned by hedge funds and other institutional investors.

NV5 Global Stock Performance

NVEE stock traded down $0.06 during midday trading on Friday, hitting $23.16. 599,205 shares of the company traded hands, compared to its average volume of 515,956. NV5 Global, Inc. has a twelve month low of $14.75 and a twelve month high of $26.14. The business has a 50 day simple moving average of $21.55 and a 200-day simple moving average of $19.23. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $1.55 billion, a price-to-earnings ratio of 46.79, a price-to-earnings-growth ratio of 1.47 and a beta of 1.13.

NV5 Global (NASDAQ:NVEE - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The business services provider reported $0.17 EPS for the quarter, missing analysts' consensus estimates of $0.20 by ($0.03). The business had revenue of $123.20 million for 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%. As a group, equities research analysts predict that NV5 Global, Inc. will post 1.26 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on NVEE. CJS Securities lowered shares of NV5 Global from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, June 10th. Wall Street Zen downgraded NV5 Global from a "buy" rating to a "hold" rating in a research report on Wednesday, May 14th. Lake Street Capital cut shares of NV5 Global from a "buy" rating to a "hold" rating in a research note on Thursday, May 15th. Maxim Group reiterated a "hold" rating on shares of NV5 Global in a report on Thursday. Finally, William Blair restated a "market perform" rating on shares of NV5 Global in a report on Thursday, May 15th. Seven equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $25.67.

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.