Jump Financial LLC Trims Stock Holdings in Bowman Consulting Group Ltd. (NASDAQ:BWMN)

Jump Financial LLC reduced its holdings in shares of Bowman Consulting Group Ltd. (NASDAQ:BWMN) by 37.2% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 8,100 shares of the company’s stock after selling 4,800 shares during the quarter. Jump Financial LLC’s holdings in Bowman Consulting Group were worth $288,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. FMR LLC grew its holdings in Bowman Consulting Group by 33.7% during the 3rd quarter. FMR LLC now owns 1,761,350 shares of the company’s stock valued at $49,371,000 after buying an additional 444,299 shares in the last quarter. Millrace Asset Group Inc. increased its stake in Bowman Consulting Group by 42.3% in the third quarter. Millrace Asset Group Inc. now owns 33,827 shares of the company’s stock valued at $948,000 after acquiring an additional 10,055 shares during the last quarter. Bank of New York Mellon Corp raised its position in Bowman Consulting Group by 1.7% during the third quarter. Bank of New York Mellon Corp now owns 26,917 shares of the company’s stock valued at $754,000 after purchasing an additional 442 shares in the last quarter. Navellier & Associates Inc. lifted its stake in Bowman Consulting Group by 25.2% during the third quarter. Navellier & Associates Inc. now owns 14,497 shares of the company’s stock worth $406,000 after purchasing an additional 2,915 shares during the last quarter. Finally, Boston Partners boosted its holdings in shares of Bowman Consulting Group by 19.7% in the 3rd quarter. Boston Partners now owns 14,319 shares of the company’s stock worth $401,000 after purchasing an additional 2,357 shares in the last quarter. 63.20% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Bowman Consulting Group news, COO Michael Bruen sold 5,000 shares of the stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $30.96, for a total value of $154,800.00. Following the completion of the sale, the chief operating officer now owns 404,310 shares in the company, valued at approximately $12,517,437.60. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, COO Michael Bruen sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $30.96, for a total transaction of $154,800.00. Following the completion of the transaction, the chief operating officer now owns 404,310 shares in the company, valued at $12,517,437.60. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Bruce J. Labovitz sold 2,500 shares of the firm’s stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $37.43, for a total value of $93,575.00. Following the completion of the sale, the chief financial officer now directly owns 303,288 shares of the company’s stock, valued at approximately $11,352,069.84. The disclosure for this sale can be found here. Insiders have sold 183,199 shares of company stock valued at $6,320,347 over the last ninety days. 20.40% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages recently weighed in on BWMN. TheStreet raised Bowman Consulting Group from a “c” rating to a “b-” rating in a report on Wednesday, February 14th. Roth Mkm lowered their price objective on shares of Bowman Consulting Group from $49.00 to $47.00 and set a “buy” rating for the company in a report on Wednesday, May 8th. DA Davidson increased their target price on shares of Bowman Consulting Group from $36.00 to $45.00 and gave the company a “buy” rating in a report on Wednesday, March 13th. B. Riley reiterated a “buy” rating and issued a $47.00 target price (up previously from $44.00) on shares of Bowman Consulting Group in a research report on Wednesday, March 13th. Finally, Bank of America assumed coverage on shares of Bowman Consulting Group in a research report on Friday. They set a “buy” rating and a $36.50 price target for the company. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $43.88.

Bowman Consulting Group Stock Up 4.6 %

Shares of NASDAQ BWMN opened at $33.10 on Monday. The firm’s fifty day moving average is $33.25 and its 200 day moving average is $33.05. Bowman Consulting Group Ltd. has a 52 week low of $25.52 and a 52 week high of $42.90. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.16. The company has a market cap of $584.78 million, a price-to-earnings ratio of -49.40 and a beta of 1.21.

Bowman Consulting Group (NASDAQ:BWMN) last announced its quarterly earnings results on Monday, March 11th. The company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.38. The business had revenue of $92.97 million for the quarter, compared to analyst estimates of $88.68 million. Bowman Consulting Group had a negative net margin of 2.43% and a positive return on equity of 5.63%. On average, equities research analysts expect that Bowman Consulting Group Ltd. will post 0.09 earnings per share for the current year.

About Bowman Consulting Group

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.