Marshall Wace LLP Cuts Stock Position in Bowman Consulting Group Ltd. (NASDAQ:BWMN)

Marshall Wace LLP lessened its holdings in Bowman Consulting Group Ltd. (NASDAQ:BWMN - Free Report) by 32.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 46,563 shares of the company's stock after selling 22,543 shares during the quarter. Marshall Wace LLP owned 0.27% of Bowman Consulting Group worth $1,162,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BWMN. Geode Capital Management LLC boosted its position in shares of Bowman Consulting Group by 9.0% during the 3rd quarter. Geode Capital Management LLC now owns 326,306 shares of the company's stock worth $7,859,000 after purchasing an additional 27,056 shares in the last quarter. Barclays PLC boosted its holdings in Bowman Consulting Group by 210.4% during the third quarter. Barclays PLC now owns 21,341 shares of the company's stock worth $513,000 after buying an additional 14,466 shares in the last quarter. Vanguard Group Inc. grew its position in Bowman Consulting Group by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 800,748 shares of the company's stock worth $19,979,000 after buying an additional 13,198 shares during the period. Bank of New York Mellon Corp increased its holdings in Bowman Consulting Group by 1.9% in the fourth quarter. Bank of New York Mellon Corp now owns 32,031 shares of the company's stock valued at $799,000 after buying an additional 586 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Bowman Consulting Group by 3.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 40,039 shares of the company's stock valued at $999,000 after acquiring an additional 1,331 shares during the period. Institutional investors and hedge funds own 63.20% of the company's stock.

Bowman Consulting Group Trading Up 0.2 %

Shares of Bowman Consulting Group stock traded up $0.05 during mid-day trading on Monday, hitting $22.69. 4,508 shares of the stock were exchanged, compared to its average volume of 94,062. The company has a 50-day simple moving average of $21.91 and a 200 day simple moving average of $23.67. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $392.01 million, a price-to-earnings ratio of -28.74 and a beta of 1.24. Bowman Consulting Group Ltd. has a twelve month low of $17.90 and a twelve month high of $36.65.

Bowman Consulting Group (NASDAQ:BWMN - Get Free Report) last issued its quarterly earnings results on Tuesday, March 11th. The company reported $0.33 earnings per share for the quarter, missing the consensus estimate 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 analyst estimates of $110.00 million.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on BWMN shares. B. Riley raised Bowman Consulting Group to a "strong-buy" rating in a research note on Tuesday, March 18th. Bank of America cut their price target on Bowman Consulting Group from $36.50 to $30.50 and set a "buy" rating for the company in a research note on Wednesday, March 12th. Finally, Robert W. Baird lowered their price objective on shares of Bowman Consulting Group from $29.00 to $28.00 and set an "outperform" rating on the stock in a research note on Thursday, March 13th. Three analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $33.83.

Insiders Place Their Bets

In other Bowman Consulting Group news, insider Robert Alan Hickey sold 2,500 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $22.46, for a total transaction of $56,150.00. Following the transaction, the insider now owns 188,177 shares of the company's stock, valued at $4,226,455.42. This trade represents a 1.31 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 20.40% of the stock is owned by corporate insiders.

Bowman Consulting Group Company 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.