SG Americas Securities LLC Increases Position in NV5 Global, Inc. (NASDAQ:NVEE)

SG Americas Securities LLC increased its position in shares of NV5 Global, Inc. (NASDAQ:NVEE - Free Report) by 95.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 24,365 shares of the business services provider's stock after purchasing an additional 11,899 shares during the quarter. SG Americas Securities LLC's holdings in NV5 Global were worth $470,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. Cercano Management LLC raised its position in NV5 Global by 208.8% during the 4th quarter. Cercano Management LLC now owns 3,925,599 shares of the business services provider's stock worth $73,958,000 after buying an additional 2,654,405 shares during the last quarter. Vanguard Group Inc. lifted its position in NV5 Global by 288.4% during the fourth quarter. Vanguard Group Inc. now owns 3,761,947 shares of the business services provider's stock valued at $70,875,000 after purchasing an additional 2,793,280 shares during the period. Dimensional Fund Advisors LP lifted its position in NV5 Global by 310.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,514,316 shares of the business services provider's stock valued at $47,370,000 after purchasing an additional 1,901,998 shares during the period. American Century Companies Inc. boosted its holdings in NV5 Global by 322.4% in the fourth quarter. American Century Companies Inc. now owns 2,147,358 shares of the business services provider's stock valued at $40,456,000 after purchasing an additional 1,639,014 shares during the last quarter. Finally, Geneva Capital Management LLC grew its position in NV5 Global by 274.0% during the 4th quarter. Geneva Capital Management LLC now owns 1,618,475 shares of the business services provider's stock worth $30,492,000 after purchasing an additional 1,185,754 shares during the period. Hedge funds and other institutional investors own 75.54% of the company's stock.

NV5 Global Trading Up 0.1%

NASDAQ:NVEE traded up $0.03 on Friday, reaching $22.79. 1,584,548 shares of the company's stock were exchanged, compared to its average volume of 512,171. The firm has a market capitalization of $1.50 billion, a price-to-earnings ratio of 46.04, a price-to-earnings-growth ratio of 1.43 and a beta of 1.14. NV5 Global, Inc. has a 52-week low of $14.75 and a 52-week high of $26.14. 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 business has a fifty day moving average of $20.67 and a 200-day moving average of $19.11.

NV5 Global (NASDAQ:NVEE - Get Free Report) last announced its 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 for the quarter, compared to analysts' expectations of $229.89 million. NV5 Global had a return on equity of 9.12% and a net margin of 3.19%. As a group, analysts expect that NV5 Global, Inc. will post 1.26 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Sidoti upgraded NV5 Global to a "hold" rating in a research note on Friday, May 16th. 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 cut shares of NV5 Global from a "buy" rating to a "hold" rating in a research note on Wednesday, May 14th. William Blair reaffirmed a "market perform" rating on shares of NV5 Global in a research note on Thursday, May 15th. Finally, Lake Street Capital lowered shares of NV5 Global from a "buy" rating to a "hold" rating in a research report on Thursday, May 15th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target 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.