Cubist Systematic Strategies LLC Invests $334,000 in NV5 Global Inc (NASDAQ:NVEE)

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Cubist Systematic Strategies LLC purchased a new position in NV5 Global Inc (NASDAQ:NVEE) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 4,100 shares of the business services provider’s stock, valued at approximately $334,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC acquired a new position in shares of NV5 Global in the second quarter worth $32,000. Tower Research Capital LLC TRC acquired a new position in shares of NV5 Global in the second quarter worth $44,000. Bank of Montreal Can raised its holdings in shares of NV5 Global by 1,050.6% in the second quarter. Bank of Montreal Can now owns 932 shares of the business services provider’s stock worth $76,000 after acquiring an additional 851 shares during the last quarter. Advisor Group Inc. raised its holdings in shares of NV5 Global by 49.2% in the second quarter. Advisor Group Inc. now owns 980 shares of the business services provider’s stock worth $79,000 after acquiring an additional 323 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in shares of NV5 Global in the second quarter worth $160,000. 61.14% of the stock is owned by institutional investors.

In other NV5 Global news, Director Gerald J. Salontai sold 1,247 shares of the business’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $74.59, for a total transaction of $93,013.73. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Alexander A. Hockman sold 6,464 shares of the business’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $79.30, for a total value of $512,595.20. Following the sale, the chief operating officer now directly owns 204,716 shares of the company’s stock, valued at approximately $16,233,978.80. The disclosure for this sale can be found here. Insiders sold 9,711 shares of company stock valued at $763,089 over the last quarter. Insiders own 19.62% of the company’s stock.

NV5 Global stock opened at $69.42 on Friday. The firm has a market capitalization of $886.99 million, a P/E ratio of 21.43, a PEG ratio of 0.91 and a beta of 1.44. The stock has a fifty day moving average price of $67.30 and a 200 day moving average price of $71.38. NV5 Global Inc has a 52 week low of $51.46 and a 52 week high of $96.70. The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.20.

NV5 Global (NASDAQ:NVEE) last released its earnings results on Wednesday, August 7th. The business services provider reported $1.00 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.94 by $0.06. The firm had revenue of $127.97 million during the quarter, compared to analyst estimates of $127.57 million. NV5 Global had a return on equity of 13.32% and a net margin of 6.30%. The business’s quarterly revenue was up 23.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.91 earnings per share. As a group, equities analysts predict that NV5 Global Inc will post 3.8 EPS for the current year.

Several equities analysts recently commented on the company. ValuEngine lowered NV5 Global from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Roth Capital dropped their target price on NV5 Global from $96.00 to $91.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. BidaskClub lowered NV5 Global from a “buy” rating to a “hold” rating in a research note on Tuesday, August 13th. Finally, Zacks Investment Research lowered NV5 Global from a “hold” rating to a “sell” rating in a research note on Wednesday, September 25th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. NV5 Global presently has an average rating of “Hold” and a consensus price target of $88.25.

About NV5 Global

NV5 Global, Inc provides professional and technical engineering and consulting services to public and private sector clients in the infrastructure, energy, construction, real estate, and environmental markets in the United States and internationally. It operates through two segments, Infrastructure; and Building, Technology & Sciences.

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

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