NV5 Global, Inc. (NASDAQ:NVEE) Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC boosted its position in NV5 Global, Inc. (NASDAQ:NVEE) by 1.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 327,042 shares of the business services provider’s stock after purchasing an additional 5,035 shares during the period. Geode Capital Management LLC owned approximately 0.50% of NV5 Global worth $30,577,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Redwood Grove Capital LLC acquired a new position in shares of NV5 Global in the 3rd quarter worth approximately $12,599,000. Swedbank AB grew its position in NV5 Global by 27.3% in the third quarter. Swedbank AB now owns 350,000 shares of the business services provider’s stock worth $32,718,000 after buying an additional 75,000 shares during the last quarter. Oak Ridge Investments LLC increased its holdings in shares of NV5 Global by 287.2% in the third quarter. Oak Ridge Investments LLC now owns 98,124 shares of the business services provider’s stock valued at $9,173,000 after buying an additional 72,780 shares in the last quarter. American Century Companies Inc. lifted its position in shares of NV5 Global by 16.6% during the 2nd quarter. American Century Companies Inc. now owns 456,722 shares of the business services provider’s stock valued at $42,461,000 after acquiring an additional 65,186 shares during the last quarter. Finally, Squarepoint Ops LLC boosted its stake in shares of NV5 Global by 1,671.2% during the 2nd quarter. Squarepoint Ops LLC now owns 60,149 shares of the business services provider’s stock worth $5,592,000 after acquiring an additional 56,753 shares in the last quarter. 75.54% of the stock is owned by institutional investors.

Insider Activity

In related news, VP Richard Tong sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $20.08, for a total transaction of $401,600.00. Following the completion of the sale, the vice president now directly owns 45,584 shares in the company, valued at approximately $915,326.72. This trade represents a 30.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 12.40% of the stock is currently owned by corporate insiders.

NV5 Global Trading Up 0.7 %

NASDAQ NVEE opened at $18.96 on Friday. The firm’s 50 day moving average price is $21.74 and its two-hundred day moving average price is $22.90. The stock has a market cap of $1.23 billion, a price-to-earnings ratio of 33.71, a PEG ratio of 3.21 and a beta of 1.19. NV5 Global, Inc. has a twelve month low of $18.59 and a twelve month high of $28.75. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.05 and a current ratio of 2.05.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on NVEE shares. Robert W. Baird reduced their target price on NV5 Global from $26.00 to $25.00 and set a “neutral” rating for the company in a report on Friday, November 8th. StockNews.com upgraded NV5 Global from a “hold” rating to a “buy” rating in a report on Thursday.

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.