Kornitzer Capital Management Inc. (KS), as stated in the most recent Form 13F filing that the company made with the SEC, decreased its holdings in NV5 Global, Inc. (NASDAQ: NVEE) during the third quarter. Following the completion of a quarter-long sale that saw 24,935 shares of the business services provider’s stock exchange hands, the fund’s current holdings in the stock amount to 154,560 shares. Kornitzer Capital Management Inc. (KS), as of the end of the most recent reporting period, held 1.00% of NV5 Global, which had a value of $19,138,000.
Furthermore, other hedge funds have also modified their positions within the company in response to recent developments. The acquisition of NV5 Global by Geneva Capital Management LLC for a total price of $32,326,000 was completed during the second quarter. During the first three months of the year, Lord Abbett & Co. LLC provided NV5 Global with an investment worth $6,962,000. During the second quarter, FMR LLC increased the amount of NV5 Global in which it was invested by 6.2% to bring the total to 100%. FMR LLC now has 690,332 shares of the business services provider’s stock after purchasing an additional 40,048 shares during the preceding quarter. These shares have an estimated market value of $80,589,000. During the third quarter, Calamos Advisors LLC acquired a new position in NV5 Global. The value of this investment was approximately $2,157,000. In the third quarter, the State of New Jersey Common Pension Fund D also successfully acquired a new holding in the business NV5 Global, valued at a total of $2,130,000. 65.33 percent of the company’s stock is owned by institutional investors, who have purchased large blocks of shares.
StockNews.com debuted its coverage of NV5 Global shares with the publication of a research note on Wednesday, October 12. This publication marked the start of StockNews.com’s coverage of NV5 Global shares. They suggested to the investors that the best action would be to “buy” the shares.
On November 9, NV5 Global Chief Executive Officer Dickerson Wright transacted the sale of 20,000 of the company’s shares of stock. This is another recent piece of news regarding NV5 Global. It was determined that the stock sale took place at an average price of $143.32 per share, which resulted in a total transaction volume of $2,866,400.00. Because of the transaction, the CEO now owns 536,229 company shares, estimated to be worth approximately $76,852,340.28. Should you follow this link, you will be taken to the SEC filing in which the transaction was discussed in greater detail. Alexander A. Hockman, the company’s Chief Operating Officer, sold 6,978 shares of company stock on Monday, December 12. The exchange took place at an earlier point in the day. An overall price of $982,153.50 was received for the sale of the shares, which works out to an average selling price of $140.75 per share. After the completion of the transaction, the chief operating officer will have a total of 71,696 shares of the company. At the moment, these shares have a value of approximately $10,091,212. If you follow this link, you will be taken to the filing submitted to the Securities and Exchange Commission, where the transaction was discussed, and it will take you there immediately. In addition, on November 9, Dickerson Wright, the company’s Chief Executive Officer, sold 20,000 of the company’s shares of stock. It was determined that the stock sale took place at an average price of $143.32 per share, which resulted in a total transaction volume of $2,866,400.00. As a direct consequence of the transaction, the company’s chief executive officer now directly owns 536,229 shares of the company. The current market value of these shares is $76,852,340.28. Disclosures that are related to the sale might be found in this section of the website. Insiders of the company have sold 31,578 shares over the past three months, bringing in a total of $4,491,910. The company’s current management and employees collectively own 13.70% of the company’s shares.
The price of one share of NV5 Global’s stock increased by $0.42 to $134.30 on Friday during lunchtime. The typical number of shares traded in and out of the company was 93,657; however, only 3,780 were traded during this transaction. The company has a beta coefficient of 1.10, a market value of $2.09 billion, a price-to-earnings ratio of 35.51, a price-to-earnings-growth ratio of 1.67, and a price-to-earnings-growth ratio of 1.67. The financial ratios, including the debt-to-equity ratio, the current ratio, and the quick ratio, are all equal to 1.92. The ratio of debt to equity is 0.09 right now. The lowest point over the past year for NV5 Global, Inc. was $97.58, while the highest point over the past year was $154.97. The simple moving average for the past 50 days of the company’s stock price is $139.39, and the simple moving average for the past 200 days is $134.78.
NV5 Global (NASDAQ: NVEE) announced the outcomes of its most recent quarterly financial report on Thursday, November 3. The company that provides business services reported an earnings per share total for the quarter of $1.50, which is $0.07 higher than the average estimate of $1.43. The company’s revenue for the quarter was also $1.50 million. The company, NV5 Global, had a return on equity of 13.06 percent and a net margin of 7.31 percent. The sales for the company came in at $204.08 million for the quarter, which is substantially higher than the $202 million that analysts predicted it would bring in. The majority opinion of financial market analysts is that NV5 Global, Inc. will be profitable for the current fiscal year with $5.56 per share earnings.
NV5 Global offers its clients in the public and private sectors expert and technical engineering and consulting services in the environmental, construction, real estate, infrastructure, and utility services markets. These markets include environmental, real estate, infrastructure, and utility services. In addition to the United States, these services are provided in several other countries. Infrastructure, Building, Technology & Sciences, and Geospatial Solutions are the company’s three distinct business segments that it operates in.