Kornitzer Capital Management Inc. KS Has $1.68 Million Holdings in Bowman Consulting Group Ltd. $BWMN

Kornitzer Capital Management Inc. KS decreased its holdings in Bowman Consulting Group Ltd. (NASDAQ:BWMN) by 14.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 58,500 shares of the company’s stock after selling 10,000 shares during the quarter. Kornitzer Capital Management Inc. KS’s holdings in Bowman Consulting Group were worth $1,682,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Swedbank AB increased its stake in shares of Bowman Consulting Group by 108.2% in the second quarter. Swedbank AB now owns 416,492 shares of the company’s stock valued at $11,974,000 after buying an additional 216,492 shares during the period. Cetera Investment Advisers increased its position in Bowman Consulting Group by 527.6% during the 1st quarter. Cetera Investment Advisers now owns 82,343 shares of the company’s stock valued at $1,798,000 after purchasing an additional 69,223 shares during the period. Asset Management One Co. Ltd. bought a new position in Bowman Consulting Group during the 2nd quarter worth approximately $1,747,000. Pembroke Management LTD lifted its position in shares of Bowman Consulting Group by 12.8% in the 1st quarter. Pembroke Management LTD now owns 520,519 shares of the company’s stock worth $11,363,000 after purchasing an additional 59,197 shares during the period. Finally, Brookwood Investment Group LLC bought a new stake in shares of Bowman Consulting Group in the 1st quarter valued at $866,000. Institutional investors own 63.20% of the company’s stock.

Bowman Consulting Group Trading Up 1.5%

Shares of Bowman Consulting Group stock opened at $44.05 on Monday. The stock has a market capitalization of $759.91 million, a PE ratio of 73.42 and a beta of 1.31. Bowman Consulting Group Ltd. has a 52 week low of $17.90 and a 52 week high of $44.54. The stock has a 50 day moving average price of $42.00 and a two-hundred day moving average price of $32.95. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.26 and a current ratio of 1.26.

Analyst Ratings Changes

A number of equities analysts recently weighed in on BWMN shares. Weiss Ratings reissued a “hold (c)” rating on shares of Bowman Consulting Group in a research note on Friday. Zacks Research lowered Bowman Consulting Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 7th. B. Riley upped their target price on Bowman Consulting Group from $43.00 to $55.00 and gave the company a “buy” rating in a research report on Friday, August 29th. Finally, Wall Street Zen raised Bowman Consulting Group from a “hold” rating to a “strong-buy” rating in a research note on Saturday, August 9th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $38.17.

Insider Buying and Selling at Bowman Consulting Group

In other news, Director Stephen A. Riddick sold 3,000 shares of Bowman Consulting Group stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $41.04, for a total transaction of $123,120.00. Following the completion of the transaction, the director directly owned 18,461 shares in the company, valued at $757,639.44. This trade represents a 13.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Daniel Swayze sold 1,350 shares of the company’s stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $41.33, for a total transaction of $55,795.50. Following the completion of the sale, the chief operating officer owned 10,954 shares in the company, valued at $452,728.82. This represents a 10.97% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 64,350 shares of company stock worth $2,728,816. Company insiders own 17.42% of the company’s stock.

Bowman Consulting Group 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.