Balyasny Asset Management L.P. Raises Holdings in NV5 Global, Inc. (NASDAQ:NVEE)

Balyasny Asset Management L.P. lifted its position in NV5 Global, Inc. (NASDAQ:NVEE - Free Report) by 242.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 70,368 shares of the business services provider's stock after purchasing an additional 49,801 shares during the period. Balyasny Asset Management L.P. owned 0.11% of NV5 Global worth $1,326,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of NVEE. BNP Paribas boosted its holdings in shares of NV5 Global by 300.0% in the fourth quarter. BNP Paribas now owns 1,400 shares of the business services provider's stock valued at $26,000 after purchasing an additional 1,050 shares during the period. Sterling Capital Management LLC lifted its holdings in NV5 Global by 3,320.5% during the fourth quarter. Sterling Capital Management LLC now owns 1,505 shares of the business services provider's stock worth $28,000 after buying an additional 1,461 shares during the period. Blue Trust Inc. lifted its holdings in NV5 Global by 287.7% during the fourth quarter. Blue Trust Inc. now owns 2,512 shares of the business services provider's stock worth $47,000 after buying an additional 1,864 shares during the period. SRS Capital Advisors Inc. lifted its holdings in NV5 Global by 296.5% during the fourth quarter. SRS Capital Advisors Inc. now owns 3,584 shares of the business services provider's stock worth $68,000 after buying an additional 2,680 shares during the period. Finally, KBC Group NV lifted its holdings in NV5 Global by 527.5% during the fourth quarter. KBC Group NV now owns 4,223 shares of the business services provider's stock worth $80,000 after buying an additional 3,550 shares during the period. Hedge funds and other institutional investors own 75.54% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on NVEE shares. Lake Street Capital lowered NV5 Global from a "buy" rating to a "hold" rating in a report on Thursday. Maxim Group lowered their target price on NV5 Global from $29.00 to $24.00 and set a "buy" rating for the company in a report on Friday, February 21st. William Blair restated a "market perform" rating on shares of NV5 Global in a report on Thursday. StockNews.com lowered NV5 Global from a "buy" rating to a "hold" rating in a report on Wednesday, May 14th. Finally, Roth Mkm upped their target price on NV5 Global from $27.00 to $28.00 and gave the stock a "buy" rating in a report on Friday, February 21st. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $25.67.

NV5 Global Stock Performance

Shares of NVEE stock remained flat at $22.05 during trading hours on Monday. The stock had a trading volume of 1,582,927 shares, compared to its average volume of 459,982. The business's fifty day moving average price is $18.07 and its 200 day moving average price is $19.05. The stock has a market cap of $1.45 billion, a P/E ratio of 44.77, a price-to-earnings-growth ratio of 2.63 and a beta of 1.08. 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 1-year low of $14.75 and a 1-year high of $26.14.

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 analysts' consensus estimates of $0.20 by ($0.03). The business had revenue of $123.20 million for the quarter, compared to analyst estimates of $229.89 million. NV5 Global had a return on equity of 9.34% and a net margin of 3.25%. Equities analysts anticipate that NV5 Global, Inc. will post 1.26 EPS for the current year.

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.