Royce & Associates LP Trims Stake in NV5 Global, Inc. (NASDAQ:NVEE)

Royce & Associates LP reduced its position in shares of NV5 Global, Inc. (NASDAQ:NVEE - Free Report) by 24.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 134,800 shares of the business services provider's stock after selling 43,480 shares during the period. Royce & Associates LP owned approximately 0.21% of NV5 Global worth $2,598,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Thrivent Financial for Lutherans lifted its holdings in shares of NV5 Global by 293.4% during the 4th quarter. Thrivent Financial for Lutherans now owns 40,236 shares of the business services provider's stock worth $758,000 after acquiring an additional 30,008 shares during the last quarter. Sei Investments Co. lifted its holdings in shares of NV5 Global by 376.4% during the 4th quarter. Sei Investments Co. now owns 293,108 shares of the business services provider's stock worth $5,522,000 after acquiring an additional 231,582 shares during the last quarter. KLP Kapitalforvaltning AS bought a new stake in shares of NV5 Global during the 4th quarter worth $241,000. LPL Financial LLC lifted its holdings in shares of NV5 Global by 362.2% during the 4th quarter. LPL Financial LLC now owns 46,805 shares of the business services provider's stock worth $882,000 after acquiring an additional 36,678 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of NV5 Global by 288.4% during the 4th quarter. Vanguard Group Inc. now owns 3,761,947 shares of the business services provider's stock worth $70,875,000 after acquiring an additional 2,793,280 shares during the last quarter. 75.54% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently issued reports on NVEE. CJS Securities downgraded shares of NV5 Global from a "strong-buy" rating to a "hold" rating in a report on Tuesday, June 10th. Lake Street Capital downgraded shares of NV5 Global from a "buy" rating to a "hold" rating in a report on Thursday, May 15th. Maxim Group reaffirmed a "hold" rating on shares of NV5 Global in a report on Thursday, July 3rd. Sidoti raised shares of NV5 Global to a "hold" rating in a report on Friday, May 16th. Finally, Wall Street Zen downgraded shares of NV5 Global from a "buy" rating to a "hold" rating in a research note on Wednesday, May 14th. Seven investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $25.67.

NV5 Global Stock Performance

NV5 Global stock opened at $23.07 on Monday. 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 company has a market capitalization of $1.55 billion, a PE ratio of 46.61, a P/E/G ratio of 1.46 and a beta of 1.13. The firm has a fifty day simple moving average of $22.73 and a two-hundred day simple moving average of $19.68. NV5 Global, Inc. has a twelve month low of $14.75 and a twelve month high of $26.14.

NV5 Global (NASDAQ:NVEE - Get Free Report) last posted its quarterly earnings results 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). The business had revenue of $123.20 million during the quarter, compared to the consensus estimate of $229.89 million. NV5 Global had a return on equity of 9.12% and a net margin of 3.19%. Research analysts expect that NV5 Global, Inc. will post 1.26 EPS for the current year.

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.

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