Sara Bay Financial trimmed its stake in shares of NV5 Global, Inc. (NASDAQ:NVEE – Get Rating) by 1.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 50,099 shares of the business services provider’s stock after selling 664 shares during the quarter. NV5 Global accounts for 3.7% of Sara Bay Financial’s portfolio, making the stock its 8th largest holding. Sara Bay Financial owned approximately 0.32% of NV5 Global worth $6,629,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in NVEE. Point72 Hong Kong Ltd acquired a new position in shares of NV5 Global in the 2nd quarter worth approximately $38,000. Cutler Group LLC CA boosted its holdings in shares of NV5 Global by 300.0% in the 3rd quarter. Cutler Group LLC CA now owns 400 shares of the business services provider’s stock worth $49,000 after acquiring an additional 300 shares in the last quarter. Lazard Asset Management LLC acquired a new position in shares of NV5 Global in the 1st quarter worth approximately $73,000. Ensign Peak Advisors Inc acquired a new position in shares of NV5 Global in the 3rd quarter worth approximately $113,000. Finally, Quantbot Technologies LP acquired a new position in shares of NV5 Global in the 1st quarter worth approximately $200,000. 65.33% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
NVEE has been the topic of several recent analyst reports. StockNews.com initiated coverage on NV5 Global in a report on Thursday. They issued a “hold” rating on the stock. Robert W. Baird reduced their target price on NV5 Global from $150.00 to $130.00 and set a “neutral” rating on the stock in a report on Friday, February 24th.
Insiders Place Their Bets
NV5 Global Stock Down 1.6 %
NASDAQ:NVEE opened at $100.83 on Friday. The stock’s fifty day moving average price is $123.69 and its two-hundred day moving average price is $132.30. NV5 Global, Inc. has a 52-week low of $95.51 and a 52-week high of $154.97. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.81 and a current ratio of 1.81. The company has a market cap of $1.57 billion, a price-to-earnings ratio of 30.83, a P/E/G ratio of 1.27 and a beta of 1.14.
About NV5 Global
NV5 Global, Inc engages in the provision of professional and technical consulting and certification solutions for public and private sector. It operates through the Infrastructure (INF), and Building, Technology, and Sciences (BTS) segment. The INF segment covers engineering, civil program management, and construction quality assurance practices.
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