Bowman Consulting Group Ltd. (NASDAQ:BWMN) Shares Sold by Polar Asset Management Partners Inc.

Polar Asset Management Partners Inc. decreased its stake in Bowman Consulting Group Ltd. (NASDAQ:BWMN - Free Report) by 9.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 435,548 shares of the company's stock after selling 47,299 shares during the period. Polar Asset Management Partners Inc. owned 2.48% of Bowman Consulting Group worth $10,867,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of BWMN. BNP Paribas Financial Markets bought a new stake in Bowman Consulting Group in the 4th quarter valued at about $42,000. SG Americas Securities LLC bought a new position in shares of Bowman Consulting Group in the fourth quarter worth $147,000. Wells Fargo & Company MN boosted its stake in Bowman Consulting Group by 55.0% in the 4th quarter. Wells Fargo & Company MN now owns 6,524 shares of the company's stock worth $163,000 after purchasing an additional 2,316 shares during the period. Comerica Bank increased its holdings in shares of Bowman Consulting Group by 12.8% in the fourth quarter. Comerica Bank now owns 10,781 shares of the company's stock worth $269,000 after purchasing an additional 1,220 shares during the period. Finally, Voya Investment Management LLC raised its position in shares of Bowman Consulting Group by 31.2% in the 4th quarter. Voya Investment Management LLC now owns 12,810 shares of the company's stock worth $320,000 after acquiring an additional 3,043 shares in the last quarter. Hedge funds and other institutional investors own 63.20% of the company's stock.

Bowman Consulting Group Stock Performance

BWMN traded down $0.21 during midday trading on Friday, hitting $25.18. 28,373 shares of the company were exchanged, compared to its average volume of 93,087. The company's 50 day simple moving average is $23.24 and its 200 day simple moving average is $24.07. The firm has a market capitalization of $433.93 million, a price-to-earnings ratio of -31.83 and a beta of 1.24. Bowman Consulting Group Ltd. has a 1-year low of $17.90 and a 1-year high of $36.65. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.16.

Bowman Consulting Group (NASDAQ:BWMN - Get Free Report) last posted 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 positive return on equity of 3.76% and a negative net margin of 2.62%.

Wall Street Analysts Forecast Growth

BWMN has been the subject of several analyst reports. Wall Street Zen upgraded Bowman Consulting Group from a "hold" rating to a "buy" rating in a report on Saturday, May 24th. Robert W. Baird increased their price objective on shares of Bowman Consulting Group from $28.00 to $29.00 and gave the company an "outperform" rating in a research report on Thursday, May 8th. Bank of America dropped their target price on shares of Bowman Consulting Group from $36.50 to $30.50 and set a "buy" rating on the stock in a report on Wednesday, March 12th. Finally, B. Riley raised Bowman Consulting Group to a "strong-buy" rating in a report on Tuesday, March 18th. Four investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, Bowman Consulting Group has an average rating of "Buy" and a consensus price target of $34.17.

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.