Cubist Systematic Strategies LLC Makes New Investment in Bowman Consulting Group Ltd. (NASDAQ:BWMN)

Cubist Systematic Strategies LLC bought a new position in shares of Bowman Consulting Group Ltd. (NASDAQ:BWMN) during the 2nd quarter, Holdings Channel reports. The institutional investor bought 12,695 shares of the company’s stock, valued at approximately $404,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD increased its position in Bowman Consulting Group by 4.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,425 shares of the company’s stock valued at $294,000 after acquiring an additional 393 shares during the period. Comerica Bank grew its holdings in shares of Bowman Consulting Group by 18.2% in the 1st quarter. Comerica Bank now owns 7,745 shares of the company’s stock worth $269,000 after acquiring an additional 1,190 shares during the period. Boston Partners increased its position in shares of Bowman Consulting Group by 27.5% in the first quarter. Boston Partners now owns 8,695 shares of the company’s stock valued at $302,000 after buying an additional 1,876 shares in the last quarter. Point72 Asset Management L.P. purchased a new position in Bowman Consulting Group during the 2nd quarter valued at about $96,000. Finally, Kennedy Capital Management LLC raised its position in shares of Bowman Consulting Group by 6.3% during the 1st quarter. Kennedy Capital Management LLC now owns 53,282 shares of the company’s stock worth $1,854,000 after purchasing an additional 3,138 shares during the last quarter. Institutional investors and hedge funds own 63.20% of the company’s stock.

Bowman Consulting Group Stock Up 2.8 %

Bowman Consulting Group stock opened at $22.03 on Monday. Bowman Consulting Group Ltd. has a 52 week low of $21.02 and a 52 week high of $42.90. The stock has a market cap of $389.20 million, a price-to-earnings ratio of -32.88 and a beta of 1.09. The company’s 50-day moving average price is $23.81 and its two-hundred day moving average price is $29.29. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.18.

Bowman Consulting Group (NASDAQ:BWMN) last announced its quarterly earnings data on Tuesday, August 6th. The company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.10). The firm had revenue of $104.50 million during the quarter, compared to analyst estimates of $113.01 million. Bowman Consulting Group had a negative net margin of 2.67% and a positive return on equity of 4.40%. On average, analysts expect that Bowman Consulting Group Ltd. will post -0.36 EPS for the current fiscal year.

Insider Buying and Selling at Bowman Consulting Group

In related news, CEO Gary Bowman sold 4,002 shares of Bowman Consulting Group stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $24.08, for a total value of $96,368.16. Following the transaction, the chief executive officer now directly owns 919,500 shares in the company, valued at $22,141,560. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, CEO Gary Bowman sold 4,002 shares of the business’s stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $24.08, for a total transaction of $96,368.16. Following the sale, the chief executive officer now owns 919,500 shares in the company, valued at $22,141,560. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Michael Bruen sold 5,000 shares of the firm’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $31.29, for a total value of $156,450.00. Following the completion of the sale, the president now directly owns 375,739 shares of the company’s stock, valued at approximately $11,756,873.31. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 21,652 shares of company stock valued at $650,564. Corporate insiders own 20.40% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on BWMN shares. Roth Mkm decreased their target price on shares of Bowman Consulting Group from $47.00 to $43.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Robert W. Baird decreased their price objective on shares of Bowman Consulting Group from $37.00 to $29.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. Five equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $40.10.

Bowman Consulting Group Profile

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.