Bowman Consulting Group Ltd. $BWMN Shares Sold by Kornitzer Capital Management Inc. KS

Kornitzer Capital Management Inc. KS decreased its holdings in Bowman Consulting Group Ltd. (NASDAQ:BWMN) by 62.9% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,288 shares of the company’s stock after selling 24,243 shares during the period. Kornitzer Capital Management Inc. KS owned about 0.09% of Bowman Consulting Group worth $609,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Parallel Advisors LLC increased its holdings in shares of Bowman Consulting Group by 433.0% in the 3rd quarter. Parallel Advisors LLC now owns 954 shares of the company’s stock valued at $41,000 after acquiring an additional 775 shares during the period. Inscription Capital LLC purchased a new stake in shares of Bowman Consulting Group during the 3rd quarter worth $258,000. Transmarket Holdings LP purchased a new stake in shares of Bowman Consulting Group during the 3rd quarter worth $1,497,000. Inspire Investing LLC purchased a new stake in shares of Bowman Consulting Group during the 3rd quarter worth $636,000. Finally, Skylands Capital LLC boosted its position in Bowman Consulting Group by 140.1% during the third quarter. Skylands Capital LLC now owns 42,900 shares of the company’s stock valued at $1,829,000 after purchasing an additional 25,035 shares in the last quarter. Institutional investors own 63.20% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on BWMN. Craig Hallum lowered Bowman Consulting Group from a “buy” rating to a “hold” rating and set a $43.00 target price on the stock. in a research note on Tuesday, August 11th. B. Riley Financial downgraded shares of Bowman Consulting Group from a “buy” rating to a “hold” rating in a report on Monday, August 10th. JPMorgan Chase & Co. lowered shares of Bowman Consulting Group from a “neutral” rating to an “underweight” rating and increased their price target for the company from $40.00 to $43.00 in a research report on Friday, August 21st. Wolfe Research set a $43.00 price target on shares of Bowman Consulting Group in a report on Tuesday, August 11th. Finally, Weiss Ratings upgraded shares of Bowman Consulting Group from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, August 25th. Seven research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Reduce” and an average target price of $43.00.

Bowman Consulting Group Stock Performance

Shares of BWMN opened at $42.99 on Wednesday. Bowman Consulting Group Ltd. has a 12 month low of $25.07 and a 12 month high of $43.22. The stock has a fifty day moving average price of $42.70 and a 200-day moving average price of $34.62. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.22. The firm has a market cap of $713.29 million, a PE ratio of 107.49 and a beta of 1.47.

Bowman Consulting Group (NASDAQ:BWMN) last posted its quarterly earnings data on Friday, November 6th. The company reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.65). Bowman Consulting Group had a return on equity of 2.67% and a net margin of 1.30%. The business had revenue of $148.70 million during the quarter, compared to analyst estimates of $137.54 million. Equities research analysts predict that Bowman Consulting Group Ltd. will post 0.75 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Bowman Consulting Group news, CEO Gary Bowman sold 22,500 shares of the firm’s stock in a transaction dated Wednesday, September 23rd. The stock was sold at an average price of $42.55, for a total value of $957,375.00. Following the completion of the sale, the chief executive officer owned 1,272,838 shares of the company’s stock, valued at approximately $54,159,256.90. This trade represents a 1.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 17.50% of the company’s stock.

About Bowman Consulting Group

Bowman Consulting Group Ltd. is a U.S.-based engineering and consulting firm that serves public- and private-sector clients. Founded in 1995, the company provides services for infrastructure, land development, buildings, utilities and energy projects. Its offerings include civil engineering, surveying, planning, environmental consulting, landscape architecture, construction management and geospatial services. Bowman works with clients throughout the United States, supporting projects from early planning and design through construction and ongoing operations.