Bowman Consulting Group Ltd. (NASDAQ:BWMN) Shares Sold by Quantbot Technologies LP

Quantbot Technologies LP decreased its stake in shares of Bowman Consulting Group Ltd. (NASDAQ:BWMN) by 23.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,992 shares of the company’s stock after selling 901 shares during the quarter. Quantbot Technologies LP’s holdings in Bowman Consulting Group were worth $75,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Bank of New York Mellon Corp increased its position in shares of Bowman Consulting Group by 1.9% in the 4th quarter. Bank of New York Mellon Corp now owns 32,031 shares of the company’s stock valued at $799,000 after acquiring an additional 586 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Bowman Consulting Group by 2.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 38,708 shares of the company’s stock valued at $932,000 after purchasing an additional 913 shares during the period. Rhumbline Advisers raised its stake in shares of Bowman Consulting Group by 7.6% in the fourth quarter. Rhumbline Advisers now owns 17,984 shares of the company’s stock worth $449,000 after purchasing an additional 1,277 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in shares of Bowman Consulting Group by 10.8% during the third quarter. Janus Henderson Group PLC now owns 24,306 shares of the company’s stock worth $585,000 after purchasing an additional 2,370 shares during the period. Finally, SG Americas Securities LLC purchased a new stake in Bowman Consulting Group in the fourth quarter valued at approximately $147,000. Hedge funds and other institutional investors own 63.20% of the company’s stock.

Insider Activity

In related news, insider Robert Alan Hickey sold 2,500 shares of the business’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $22.46, for a total value of $56,150.00. Following the completion of the sale, the insider now owns 188,177 shares of the company’s stock, valued at approximately $4,226,455.42. The trade was a 1.31 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 20.40% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Robert W. Baird reduced their price target on shares of Bowman Consulting Group from $29.00 to $28.00 and set an “outperform” rating for the company in a research report on Thursday, March 13th. B. Riley upgraded shares of Bowman Consulting Group to a “strong-buy” rating in a research report on Tuesday, March 18th. Finally, Bank of America lowered their price target on shares of Bowman Consulting Group from $36.50 to $30.50 and set a “buy” rating on the stock in a report on Wednesday, March 12th. Three equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $33.83.

Bowman Consulting Group Price Performance

Shares of NASDAQ BWMN opened at $21.83 on Tuesday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.43 and a quick ratio of 1.43. The stock has a market capitalization of $376.87 million, a price-to-earnings ratio of -27.63 and a beta of 1.32. The firm’s 50 day simple moving average is $22.92 and its 200-day simple moving average is $23.90. Bowman Consulting Group Ltd. has a 12 month low of $17.90 and a 12 month high of $36.65.

Bowman Consulting Group (NASDAQ:BWMN) last released its quarterly earnings results on Tuesday, March 11th. The company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.06). The firm had revenue of $113.22 million for the quarter, compared to analyst estimates of $110.00 million. Bowman Consulting Group had a negative net margin of 2.62% and a positive return on equity of 3.76%.

About Bowman Consulting Group

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.