Geode Capital Management LLC Has $30.58 Million Position in NV5 Global, Inc. (NASDAQ:NVEE)

Geode Capital Management LLC raised its holdings in NV5 Global, Inc. (NASDAQ:NVEE) by 1.6% in the third quarter, Holdings Channel.com reports. The fund owned 327,042 shares of the business services provider’s stock after acquiring an additional 5,035 shares during the quarter. Geode Capital Management LLC’s holdings in NV5 Global were worth $30,577,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Redwood Grove Capital LLC bought a new position in shares of NV5 Global during the 3rd quarter valued at $12,599,000. Swedbank AB increased its position in NV5 Global by 27.3% during 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 raised its holdings in NV5 Global by 287.2% during 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% in the second quarter. American Century Companies Inc. now owns 456,722 shares of the business services provider’s stock worth $42,461,000 after buying 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 currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently weighed in on NVEE. 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 shares of NV5 Global from a “hold” rating to a “buy” rating in a research note on Thursday.

Insider Buying and Selling

In other news, VP Richard Tong sold 20,000 shares of the business’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $20.08, for a total value of $401,600.00. Following the sale, the vice president now owns 45,584 shares in the company, valued at approximately $915,326.72. The trade was a 30.50 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 12.40% of the stock is owned by corporate insiders.

NV5 Global Stock Up 0.7 %

Shares of NVEE stock opened at $18.96 on Friday. NV5 Global, Inc. has a one year low of $18.59 and a one year high of $28.75. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.05 and a quick ratio of 2.05. The stock has a fifty day moving average price of $21.74 and a 200 day moving average price of $22.90. The stock has a market cap of $1.23 billion, a P/E ratio of 33.71, a price-to-earnings-growth ratio of 3.21 and a beta of 1.19.

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.