Brevan Howard Capital Management LP Purchases New Position in NV5 Global, Inc. (NASDAQ:NVEE)

Brevan Howard Capital Management LP acquired a new stake in NV5 Global, Inc. (NASDAQ:NVEE) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 15,696 shares of the business services provider’s stock, valued at approximately $296,000.

Other hedge funds also recently made changes to their positions in the company. Barclays PLC increased its holdings in shares of NV5 Global by 352.5% in the 3rd quarter. Barclays PLC now owns 23,906 shares of the business services provider’s stock valued at $2,235,000 after acquiring an additional 18,623 shares during the period. JPMorgan Chase & Co. grew its position in NV5 Global by 4.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 62,944 shares of the business services provider’s stock worth $5,884,000 after purchasing an additional 2,483 shares during the last quarter. Nordea Investment Management AB increased its stake in NV5 Global by 313.3% in the fourth quarter. Nordea Investment Management AB now owns 97,546 shares of the business services provider’s stock valued at $1,853,000 after purchasing an additional 73,944 shares during the period. QV Investors Inc. raised its holdings in shares of NV5 Global by 914.2% in the fourth quarter. QV Investors Inc. now owns 48,580 shares of the business services provider’s stock valued at $915,000 after buying an additional 43,790 shares during the last quarter. Finally, Campbell Newman Asset Management Inc. boosted its stake in shares of NV5 Global by 297.9% during the fourth quarter. Campbell Newman Asset Management Inc. now owns 70,811 shares of the business services provider’s stock worth $1,334,000 after buying an additional 53,014 shares during the period. Hedge funds and other institutional investors own 75.54% of the company’s stock.

Analysts Set New Price Targets

NVEE has been the topic of several recent research reports. Roth Mkm boosted their price target on NV5 Global from $27.00 to $28.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Maxim Group lowered their target price on NV5 Global from $29.00 to $24.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. Finally, StockNews.com upgraded NV5 Global from a “hold” rating to a “buy” rating in a research note on Tuesday, May 6th.

NV5 Global Trading Up 0.3%

NASDAQ NVEE opened at $19.34 on Monday. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $1.27 billion, a P/E ratio of 39.27, a P/E/G ratio of 2.63 and a beta of 1.08. NV5 Global, Inc. has a 52-week low of $14.75 and a 52-week high of $26.14. The firm has a 50-day moving average price of $17.72 and a 200 day moving average price of $19.14.

NV5 Global (NASDAQ:NVEE) last issued 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 for the quarter, compared to analysts’ expectations of $229.89 million. NV5 Global had a return on equity of 9.34% and a net margin of 3.25%. Equities research analysts expect that NV5 Global, Inc. will post 1.26 EPS for the current year.

NV5 Global Company Profile

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.