Marshall Wace LLP Trims Stake in Bowman Consulting Group Ltd. (NASDAQ:BWMN)

Marshall Wace LLP decreased its position in Bowman Consulting Group Ltd. (NASDAQ:BWMN - Free Report) by 32.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 46,563 shares of the company's stock after selling 22,543 shares during the period. Marshall Wace LLP owned approximately 0.27% of Bowman Consulting Group worth $1,162,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. SG Americas Securities LLC acquired a new position in Bowman Consulting Group in the 4th quarter worth $147,000. Wells Fargo & Company MN grew its holdings in shares of Bowman Consulting Group by 55.0% during the fourth quarter. Wells Fargo & Company MN now owns 6,524 shares of the company's stock worth $163,000 after buying an additional 2,316 shares in the last quarter. Rhumbline Advisers raised its position in Bowman Consulting Group by 7.6% in the 4th quarter. Rhumbline Advisers now owns 17,984 shares of the company's stock valued at $449,000 after buying an additional 1,277 shares during the last quarter. Barclays PLC lifted its stake in Bowman Consulting Group by 210.4% in the 3rd quarter. Barclays PLC now owns 21,341 shares of the company's stock valued at $513,000 after acquiring an additional 14,466 shares in the last quarter. Finally, WINTON GROUP Ltd acquired a new position in Bowman Consulting Group during the 4th quarter worth approximately $703,000. Institutional investors own 63.20% of the company's stock.

Wall Street Analysts Forecast Growth

BWMN has been the subject of several recent analyst reports. B. Riley upgraded shares of Bowman Consulting Group to a "strong-buy" rating in a research note on Tuesday, March 18th. Robert W. Baird decreased their price target on Bowman Consulting Group from $29.00 to $28.00 and set an "outperform" rating on the stock in a research report on Thursday, March 13th. Finally, Bank of America reduced their price objective on Bowman Consulting Group from $36.50 to $30.50 and set a "buy" rating on the stock in a research note on Wednesday, March 12th. Three investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $33.83.

Insider Buying and Selling

In other Bowman Consulting Group news, insider Robert Alan Hickey sold 2,500 shares of the company's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $22.46, for a total value of $56,150.00. Following the sale, the insider now owns 188,177 shares in the company, valued at approximately $4,226,455.42. This represents a 1.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 20.40% of the stock is owned by corporate insiders.

Bowman Consulting Group Stock Performance

BWMN stock traded up $0.63 during mid-day trading on Friday, hitting $22.64. The company had a trading volume of 109,686 shares, compared to its average volume of 94,372. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.43 and a current ratio of 1.43. The firm has a market cap of $391.22 million, a PE ratio of -28.66 and a beta of 1.24. Bowman Consulting Group Ltd. has a 12 month low of $17.90 and a 12 month high of $36.65. The stock's fifty day moving average price is $21.91 and its two-hundred day moving average price is $23.64.

Bowman Consulting Group (NASDAQ:BWMN - Get Free Report) last released its quarterly earnings data on Tuesday, March 11th. The company reported $0.33 earnings per share for the quarter, missing analysts' consensus estimates of $0.39 by ($0.06). Bowman Consulting Group had a negative net margin of 2.62% and a positive return on equity of 3.76%. The business had revenue of $113.22 million during the quarter, compared to analysts' expectations of $110.00 million.

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.