Diameter Capital Partners LP Purchases Shares of 50,000 Booz Allen Hamilton Holding Co. (NYSE:BAH)

Diameter Capital Partners LP purchased a new stake in Booz Allen Hamilton Holding Co. (NYSE:BAH - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 50,000 shares of the business services provider's stock, valued at approximately $6,435,000. Booz Allen Hamilton makes up approximately 1.0% of Diameter Capital Partners LP's portfolio, making the stock its 23rd largest holding.

Several other hedge funds and other institutional investors have also bought and sold shares of BAH. JPMorgan Chase & Co. lifted its position in shares of Booz Allen Hamilton by 12.5% during the 4th quarter. JPMorgan Chase & Co. now owns 4,518,386 shares of the business services provider's stock valued at $581,516,000 after acquiring an additional 501,725 shares during the period. First Trust Advisors LP lifted its position in Booz Allen Hamilton by 15.3% during the fourth quarter. First Trust Advisors LP now owns 2,804,642 shares of the business services provider's stock worth $360,957,000 after purchasing an additional 371,390 shares during the period. Bank of America Corp DE grew its stake in Booz Allen Hamilton by 61.4% during the fourth quarter. Bank of America Corp DE now owns 1,552,217 shares of the business services provider's stock worth $199,770,000 after buying an additional 590,655 shares in the last quarter. Norges Bank bought a new position in Booz Allen Hamilton in the 4th quarter valued at about $196,578,000. Finally, Raymond James Financial Inc. acquired a new position in shares of Booz Allen Hamilton in the 4th quarter valued at approximately $173,055,000. Institutional investors and hedge funds own 91.82% of the company's stock.

Analyst Upgrades and Downgrades

BAH has been the topic of a number of research analyst reports. Cantor Fitzgerald raised Booz Allen Hamilton to a "strong-buy" rating in a report on Tuesday, February 25th. Wells Fargo & Company lowered their target price on Booz Allen Hamilton from $164.00 to $148.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Truist Financial dropped their target price on shares of Booz Allen Hamilton from $142.00 to $110.00 and set a "hold" rating for the company in a report on Monday, April 14th. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $109.00 price target (down from $150.00) on shares of Booz Allen Hamilton in a report on Friday, April 11th. Finally, William Blair downgraded shares of Booz Allen Hamilton from an "outperform" rating to a "market perform" rating in a research note on Friday, February 21st. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $146.45.

Booz Allen Hamilton Trading Up 0.5 %

NYSE:BAH traded up $0.61 during trading hours on Friday, hitting $124.24. 991,077 shares of the company were exchanged, compared to its average volume of 1,540,918. The company has a fifty day simple moving average of $112.56 and a 200 day simple moving average of $130.47. Booz Allen Hamilton Holding Co. has a one year low of $101.05 and a one year high of $190.59. The stock has a market capitalization of $15.73 billion, a price-to-earnings ratio of 18.52, a price-to-earnings-growth ratio of 1.25 and a beta of 0.56. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 2.72.

About Booz Allen Hamilton

Booz Allen Hamilton Holding Corporation provides management and technology consulting, analytics, engineering, digital solutions, mission operations, and cyber services to governments, corporations, and not-for-profit organizations in the United States and internationally. It focuses on artificial intelligence services comprising of machine learning, predictive modeling, automation and decision analytics, and quantum computing.