Two Sigma Investments LP Grows Stock Holdings in NV5 Global, Inc. (NASDAQ:NVEE)

Two Sigma Investments LP boosted its holdings in NV5 Global, Inc. (NASDAQ:NVEE - Free Report) by 527.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 187,229 shares of the business services provider's stock after acquiring an additional 157,406 shares during the quarter. Two Sigma Investments LP owned 0.29% of NV5 Global worth $3,527,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. State of Wyoming lifted its position in NV5 Global by 200.5% in the 4th quarter. State of Wyoming now owns 7,764 shares of the business services provider's stock valued at $146,000 after acquiring an additional 5,180 shares in the last quarter. Sherbrooke Park Advisers LLC bought a new position in NV5 Global in the 4th quarter valued at about $219,000. Redwood Grove Capital LLC lifted its position in NV5 Global by 300.0% in the 4th quarter. Redwood Grove Capital LLC now owns 539,108 shares of the business services provider's stock valued at $10,157,000 after acquiring an additional 404,331 shares in the last quarter. Point72 Asset Management L.P. bought a new position in NV5 Global in the 4th quarter valued at about $80,000. Finally, ProShare Advisors LLC lifted its position in NV5 Global by 479.3% in the 4th quarter. ProShare Advisors LLC now owns 17,113 shares of the business services provider's stock valued at $322,000 after acquiring an additional 14,159 shares in the last quarter. Institutional investors own 75.54% of the company's stock.

NV5 Global Stock Performance

Shares of NVEE stock traded up $0.20 during trading hours on Tuesday, hitting $22.26. 845,875 shares of the company were exchanged, compared to its average volume of 469,908. The firm has a fifty day simple moving average of $18.84 and a 200 day simple moving average of $18.97. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.30. NV5 Global, Inc. has a 52-week low of $14.75 and a 52-week high of $26.14. The stock has a market capitalization of $1.46 billion, a price-to-earnings ratio of 45.20, a P/E/G ratio of 2.63 and a beta of 1.08.

NV5 Global (NASDAQ:NVEE - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The business services provider reported $0.17 earnings per share (EPS) 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 company had revenue of $123.20 million for the quarter, compared to analysts' expectations of $229.89 million. Research analysts predict that NV5 Global, Inc. will post 1.26 earnings per share for the current fiscal year.

Analysts Set New Price Targets

NVEE has been the topic of several recent research reports. Maxim Group dropped their price target on shares of NV5 Global from $29.00 to $24.00 and set a "buy" rating on the stock in a research report on Friday, February 21st. William Blair reissued a "market perform" rating on shares of NV5 Global in a research report on Thursday, May 15th. Lake Street Capital cut shares of NV5 Global from a "buy" rating to a "hold" rating in a research report on Thursday, May 15th. Wall Street Zen cut shares of NV5 Global from a "buy" rating to a "hold" rating in a research report on Wednesday, May 14th. Finally, Roth Mkm lifted their target price on shares of NV5 Global from $27.00 to $28.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $25.67.

NV5 Global Company Profile

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.