Ashford Capital Management Inc. raised its position in shares of NV5 Global, Inc. (NASDAQ:NVEE - Free Report) by 299.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 549,500 shares of the business services provider's stock after purchasing an additional 411,810 shares during the period. NV5 Global accounts for about 1.2% of Ashford Capital Management Inc.'s investment portfolio, making the stock its 29th largest position. Ashford Capital Management Inc. owned approximately 0.84% of NV5 Global worth $10,353,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Barclays PLC increased its holdings in NV5 Global by 352.5% in the third quarter. Barclays PLC now owns 23,906 shares of the business services provider's stock worth $2,235,000 after buying an additional 18,623 shares during the last quarter. Liberty One Investment Management LLC grew its position in NV5 Global by 317.9% in the fourth quarter. Liberty One Investment Management LLC now owns 6,779 shares of the business services provider's stock worth $128,000 after acquiring an additional 5,157 shares in the last quarter. Cetera Trust Company N.A increased its stake in shares of NV5 Global by 166.8% during the 4th quarter. Cetera Trust Company N.A now owns 5,710 shares of the business services provider's stock worth $108,000 after purchasing an additional 3,570 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of NV5 Global during the 4th quarter valued at $235,000. Finally, Janney Montgomery Scott LLC raised its holdings in shares of NV5 Global by 370.9% during the 4th quarter. Janney Montgomery Scott LLC now owns 13,750 shares of the business services provider's stock valued at $259,000 after purchasing an additional 10,830 shares in the last quarter. 75.54% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of brokerages recently issued reports on NVEE. William Blair reiterated a "market perform" rating on shares of NV5 Global in a report on Thursday, May 15th. Lake Street Capital downgraded NV5 Global from a "buy" rating to a "hold" rating in a research note on Thursday. Maxim Group lowered their price objective on NV5 Global from $29.00 to $24.00 and set a "buy" rating on the stock in a report on Friday, February 21st. StockNews.com lowered NV5 Global from a "buy" rating to a "hold" rating in a report on Wednesday, May 14th. Finally, Roth Mkm upped their target price on NV5 Global from $27.00 to $28.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $25.67.
View Our Latest Stock Analysis on NV5 Global
NV5 Global Price Performance
NVEE stock opened at $22.05 on Tuesday. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.05 and a quick ratio of 2.05. NV5 Global, Inc. has a 52-week low of $14.75 and a 52-week high of $26.14. The company has a 50-day moving average of $18.07 and a two-hundred day moving average of $19.05. The stock has a market capitalization of $1.45 billion, a price-to-earnings ratio of 44.77, a price-to-earnings-growth ratio of 2.63 and a beta of 1.08.
NV5 Global (NASDAQ:NVEE - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The business services provider reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.03). NV5 Global had a return on equity of 9.34% and a net margin of 3.25%. The business had revenue of $123.20 million for the quarter, compared to analyst estimates of $229.89 million. As a group, equities research analysts anticipate that NV5 Global, Inc. will post 1.26 EPS for the current year.
About NV5 Global
(
Free Report)
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.
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