Formula Growth Ltd. Buys 15,000 Shares of NV5 Global, Inc. (NVEE)

Formula Growth Ltd. boosted its stake in shares of NV5 Global, Inc. (NASDAQ:NVEE) by 48.4% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 46,000 shares of the business services provider’s stock after buying an additional 15,000 shares during the period. Formula Growth Ltd. owned approximately 0.46% of NV5 Global worth $1,955,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. American International Group Inc. raised its holdings in NV5 Global by 7.1% during the 1st quarter. American International Group Inc. now owns 4,519 shares of the business services provider’s stock valued at $170,000 after buying an additional 301 shares during the period. Bank of America Corp DE raised its holdings in NV5 Global by 129.0% during the 1st quarter. Bank of America Corp DE now owns 4,590 shares of the business services provider’s stock valued at $173,000 after buying an additional 2,586 shares during the period. Thompson Siegel & Walmsley LLC raised its holdings in NV5 Global by 512.5% during the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 4,900 shares of the business services provider’s stock valued at $208,000 after buying an additional 4,100 shares during the period. Wells Fargo & Company MN raised its holdings in NV5 Global by 2.5% during the 2nd quarter. Wells Fargo & Company MN now owns 5,083 shares of the business services provider’s stock valued at $216,000 after buying an additional 126 shares during the period. Finally, Nationwide Fund Advisors raised its holdings in NV5 Global by 4.7% during the 1st quarter. Nationwide Fund Advisors now owns 5,199 shares of the business services provider’s stock valued at $195,000 after buying an additional 232 shares during the period. Institutional investors own 55.53% of the company’s stock.

NV5 Global, Inc. (NVEE) traded up 0.68% during mid-day trading on Friday, reaching $51.70. The company had a trading volume of 56,321 shares. NV5 Global, Inc. has a 52 week low of $24.57 and a 52 week high of $53.65. The stock has a 50 day moving average of $45.44 and a 200 day moving average of $40.48. The stock has a market capitalization of $525.84 million, a price-to-earnings ratio of 41.26 and a beta of 1.42.

NV5 Global (NASDAQ:NVEE) last released its quarterly earnings data on Thursday, August 3rd. The business services provider reported $0.56 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.01. The company had revenue of $83.74 million for the quarter, compared to analyst estimates of $87.73 million. NV5 Global had a return on equity of 12.79% and a net margin of 4.90%. Analysts anticipate that NV5 Global, Inc. will post $2.31 earnings per share for the current year.

TRADEMARK VIOLATION WARNING: This piece was published by StockNewsTimes and is the sole property of of StockNewsTimes. If you are accessing this piece on another publication, it was illegally stolen and reposted in violation of US & international copyright and trademark legislation. The correct version of this piece can be read at https://stocknewstimes.com/2017/09/23/formula-growth-ltd-buys-15000-shares-of-nv5-global-inc-nvee.html.

NVEE has been the topic of several recent research reports. ValuEngine upgraded NV5 Global from a “hold” rating to a “buy” rating in a report on Friday, September 15th. Zacks Investment Research upgraded NV5 Global from a “hold” rating to a “buy” rating and set a $54.00 price target on the stock in a report on Saturday, September 9th. BidaskClub lowered NV5 Global from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. Finally, Sidoti initiated coverage on NV5 Global in a report on Wednesday, July 5th. They set a “neutral” rating and a $45.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $48.67.

NV5 Global Profile

NV5 Global, Inc, formerly NV5 Holdings, Inc, is a holding company. The Company provides professional and technical engineering and consulting solutions to public and private sector clients in the infrastructure, energy, construction, real estate and environmental markets. It focuses on five business verticals: construction quality assurance, infrastructure, energy, program management, and environmental solutions.

Institutional Ownership by Quarter for NV5 Global (NASDAQ:NVEE)

Receive News & Ratings for NV5 Global Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NV5 Global Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply