Marshall Wace LLP Has $1.16 Million Position in Bowman Consulting Group Ltd. (NASDAQ:BWMN)

Marshall Wace LLP reduced its holdings in shares of Bowman Consulting Group Ltd. (NASDAQ:BWMN) by 32.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 46,563 shares of the company’s stock after selling 22,543 shares during the period. Marshall Wace LLP owned 0.27% of Bowman Consulting Group worth $1,162,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. SG Americas Securities LLC acquired a new stake in Bowman Consulting Group during the 4th quarter worth about $147,000. Wells Fargo & Company MN grew its holdings in Bowman Consulting Group by 55.0% during the 4th quarter. Wells Fargo & Company MN now owns 6,524 shares of the company’s stock worth $163,000 after acquiring an additional 2,316 shares during the period. Rhumbline Advisers grew its holdings in Bowman Consulting Group by 7.6% during the 4th quarter. Rhumbline Advisers now owns 17,984 shares of the company’s stock worth $449,000 after acquiring an additional 1,277 shares during the period. Barclays PLC grew its holdings in Bowman Consulting Group by 210.4% during the 3rd quarter. Barclays PLC now owns 21,341 shares of the company’s stock worth $513,000 after acquiring an additional 14,466 shares during the period. Finally, WINTON GROUP Ltd acquired a new stake in Bowman Consulting Group during the 4th quarter worth about $703,000. 63.20% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Bowman Consulting Group news, insider Robert Alan Hickey sold 2,500 shares of the business’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $22.46, for a total value of $56,150.00. Following the transaction, the insider now owns 188,177 shares of the company’s stock, valued at approximately $4,226,455.42. The trade was a 1.31 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 20.40% of the company’s stock.

Bowman Consulting Group Price Performance

Shares of NASDAQ BWMN opened at $22.51 on Wednesday. Bowman Consulting Group Ltd. has a fifty-two week low of $17.90 and a fifty-two week high of $36.65. The stock has a market cap of $388.97 million, a price-to-earnings ratio of -28.49 and a beta of 1.24. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.43 and a current ratio of 1.43. The firm’s 50-day simple moving average is $21.83 and its 200 day simple moving average is $23.65.

Bowman Consulting Group (NASDAQ:BWMN) last announced its quarterly earnings results on Tuesday, March 11th. The company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.06). The business had revenue of $113.22 million during the quarter, compared to the consensus estimate of $110.00 million. Bowman Consulting Group had a negative net margin of 2.62% and a positive return on equity of 3.76%.

Analysts Set New Price Targets

A number of brokerages have weighed in on BWMN. Robert W. Baird decreased their price target on Bowman Consulting Group from $29.00 to $28.00 and set an “outperform” rating for the company in a report on Thursday, March 13th. B. Riley raised shares of Bowman Consulting Group to a “strong-buy” rating in a research report on Tuesday, March 18th. Finally, Bank of America cut their price objective on shares of Bowman Consulting Group from $36.50 to $30.50 and set a “buy” rating on the stock in a research report on Wednesday, March 12th. Three equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $33.83.

Bowman Consulting Group Company 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.