NV5 Global, Inc. (NASDAQ:NVEE) Holdings Lifted by Barclays PLC

Barclays PLC increased its position in shares of NV5 Global, Inc. (NASDAQ:NVEE) by 352.5% during the third quarter, Holdings Channel.com reports. The fund owned 23,906 shares of the business services provider’s stock after acquiring an additional 18,623 shares during the quarter. Barclays PLC’s holdings in NV5 Global were worth $2,235,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NVEE. Innealta Capital LLC bought a new position in shares of NV5 Global during the 2nd quarter valued at about $44,000. Blue Trust Inc. boosted its holdings in NV5 Global by 3,950.0% during the third quarter. Blue Trust Inc. now owns 648 shares of the business services provider’s stock worth $60,000 after buying an additional 632 shares in the last quarter. Net Worth Advisory Group acquired a new position in NV5 Global in the third quarter worth approximately $211,000. Handelsbanken Fonder AB increased its holdings in shares of NV5 Global by 21.7% in the third quarter. Handelsbanken Fonder AB now owns 2,800 shares of the business services provider’s stock valued at $262,000 after buying an additional 500 shares in the last quarter. Finally, Point72 Asset Management L.P. acquired a new stake in shares of NV5 Global during the 2nd quarter valued at $307,000. 75.54% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on NVEE. StockNews.com raised NV5 Global from a “hold” rating to a “buy” rating in a research report on Thursday. Robert W. Baird cut their price objective on NV5 Global from $26.00 to $25.00 and set a “neutral” rating on the stock in a report on Friday, November 8th.

Insider Activity at NV5 Global

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 owned by insiders.

NV5 Global Price Performance

Shares of NASDAQ:NVEE opened at $18.82 on Thursday. The company has a market cap of $1.22 billion, a P/E ratio of 33.46, a price-to-earnings-growth ratio of 3.21 and a beta of 1.19. The company’s fifty day moving average is $21.93 and its two-hundred day moving average is $22.96. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.30. NV5 Global, Inc. has a 12-month low of $18.59 and a 12-month high of $28.75.

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.