Tudor Investment Corp ET AL Takes $3.96 Million Position in Bowman Consulting Group Ltd. $BWMN

Key Points

• Tudor Investment Corp ET AL initiated a new position of 93,426 shares in Bowman Consulting Group (NASDAQ: BWMN), valued at about $3.96 million and representing roughly 0.54% ownership.
• CEO Gary Bowman sold 12,500 shares on Jan. 21 at an average $35.37 (reducing his stake by 1.4% to 879,943 shares); insiders own 17.42% of the stock while hedge funds and institutional investors hold about 63.20%.
• Bowman beat quarterly EPS estimates ($0.45 vs. $0.38) with revenue roughly in line, and analysts are mixed but lean positive with an average rating of "Moderate Buy" and a mean target price of $45.50.

Tudor Investment Corp ET AL purchased a new position in shares of Bowman Consulting Group Ltd. (NASDAQ:BWMN - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 93,426 shares of the company's stock, valued at approximately $3,958,000. Tudor Investment Corp ET AL owned 0.54% of Bowman Consulting Group as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Royal Bank of Canada grew its stake in Bowman Consulting Group by 51.0% in the first quarter. Royal Bank of Canada now owns 48,613 shares of the company's stock valued at $1,061,000 after purchasing an additional 16,421 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Bowman Consulting Group by 4.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 50,176 shares of the company's stock worth $1,095,000 after purchasing an additional 2,203 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of Bowman Consulting Group during the 1st quarter worth about $287,000. Geode Capital Management LLC lifted its holdings in shares of Bowman Consulting Group by 2.7% during the 2nd quarter. Geode Capital Management LLC now owns 343,015 shares of the company's stock valued at $9,864,000 after buying an additional 9,073 shares during the last quarter. Finally, Intech Investment Management LLC acquired a new stake in shares of Bowman Consulting Group during the 2nd quarter valued at about $237,000. 63.20% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Bowman Consulting Group

In related news, CEO Gary Bowman sold 12,500 shares of the stock in a transaction dated Wednesday, January 21st. The shares were sold at an average price of $35.37, for a total transaction of $442,125.00. Following the completion of the sale, the chief executive officer owned 879,943 shares in the company, valued at $31,123,583.91. This trade represents a 1.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 17.42% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

BWMN has been the subject of several recent research reports. JPMorgan Chase & Co. began coverage on shares of Bowman Consulting Group in a research report on Friday, January 9th. They issued a "neutral" rating and a $40.00 target price for the company. Roth Mkm raised their price target on shares of Bowman Consulting Group from $45.00 to $50.00 and gave the company a "buy" rating in a report on Monday, December 8th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Bowman Consulting Group in a research note on Monday, December 29th. Robert W. Baird decreased their price objective on shares of Bowman Consulting Group from $43.00 to $37.00 and set an "outperform" rating for the company in a report on Friday, March 6th. Finally, Wall Street Zen downgraded shares of Bowman Consulting Group from a "strong-buy" rating to a "buy" rating in a research report on Saturday, March 7th. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $45.50.

Bowman Consulting Group Stock Up 1.3%

Shares of BWMN stock opened at $29.68 on Thursday. Bowman Consulting Group Ltd. has a 12 month low of $20.24 and a 12 month high of $45.83. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.22. The firm has a market cap of $508.12 million, a PE ratio of 41.80, a price-to-earnings-growth ratio of 1.79 and a beta of 1.34. The stock has a 50 day moving average of $32.57 and a 200-day moving average of $36.29.

Bowman Consulting Group (NASDAQ:BWMN - Get Free Report) last released its earnings results on Wednesday, March 4th. The company reported $0.45 earnings per share for the quarter, topping analysts' consensus estimates of $0.38 by $0.07. The business had revenue of $128.96 million for the quarter, compared to the consensus estimate of $129.12 million. Bowman Consulting Group had a return on equity of 4.78% and a net margin of 2.48%.

About Bowman Consulting Group

Bowman Consulting Group Ltd. NASDAQ: BWMN is a multidisciplinary professional services firm that provides engineering, environmental, planning and surveying services to public and private sector clients. Its service offerings encompass civil, geotechnical and environmental engineering; land development planning and permitting; construction management; survey and geospatial services; and ecological and water resources consulting. The firm supports infrastructure, real estate, energy, utilities and telecommunications projects, delivering site characterization, design, permitting and construction-phase oversight.

Since its founding in 1980, Bowman Consulting Group has grown organically and through strategic acquisitions to expand its technical capabilities and geographic footprint.

Want to see what other hedge funds are holding BWMN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bowman Consulting Group Ltd. (NASDAQ:BWMN - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.