NV5 Global, Inc. (NASDAQ:NVEE) Stock Holdings Boosted by Balyasny Asset Management L.P.

Balyasny Asset Management L.P. raised its position in shares of NV5 Global, Inc. (NASDAQ:NVEE) by 242.1% in the fourth quarter, HoldingsChannel.com reports. The firm owned 70,368 shares of the business services provider’s stock after buying an additional 49,801 shares during the period. Balyasny Asset Management L.P.’s holdings in NV5 Global were worth $1,326,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in NVEE. BNP Paribas boosted its stake in NV5 Global by 300.0% during the 4th 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 in the last quarter. Sterling Capital Management LLC boosted its stake in NV5 Global by 3,320.5% during the 4th quarter. Sterling Capital Management LLC now owns 1,505 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 1,461 shares in the last quarter. Blue Trust Inc. boosted its stake in NV5 Global by 287.7% during the 4th quarter. Blue Trust Inc. now owns 2,512 shares of the business services provider’s stock valued at $47,000 after purchasing an additional 1,864 shares in the last quarter. SRS Capital Advisors Inc. boosted its stake in NV5 Global by 296.5% during the 4th quarter. SRS Capital Advisors Inc. now owns 3,584 shares of the business services provider’s stock valued at $68,000 after purchasing an additional 2,680 shares in the last quarter. Finally, KBC Group NV boosted its stake in NV5 Global by 527.5% during the 4th quarter. KBC Group NV now owns 4,223 shares of the business services provider’s stock valued at $80,000 after purchasing an additional 3,550 shares in the last quarter. 75.54% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. StockNews.com downgraded NV5 Global from a “buy” rating to a “hold” rating in a research report on Wednesday. Maxim Group cut their price objective on NV5 Global from $29.00 to $24.00 and set a “buy” rating for the company in a research report on Friday, February 21st. Finally, Roth Mkm increased their price objective on NV5 Global from $27.00 to $28.00 and gave the company a “buy” rating in a research report on Friday, February 21st.

NV5 Global Price Performance

Shares of NASDAQ:NVEE opened at $19.47 on Wednesday. NV5 Global, Inc. has a one year low of $14.75 and a one year high of $26.14. The stock has a fifty day moving average of $17.79 and a 200-day moving average of $19.12. The company has a market capitalization of $1.28 billion, a PE ratio of 39.53, a price-to-earnings-growth ratio of 2.63 and a beta of 1.08. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.05 and a current ratio of 2.05.

NV5 Global (NASDAQ:NVEE) last released its 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 during the quarter, compared to analysts’ expectations of $229.89 million. NV5 Global had a net margin of 3.25% and a return on equity of 9.34%. As a group, equities analysts anticipate that NV5 Global, Inc. will post 1.26 EPS for the current fiscal 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.