AE Industrial Partners LP purchased a new stake in shares of BigBear.ai Holdings, Inc. (NYSE:BBAI - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 63,982,145 shares of the company's stock, valued at approximately $284,721,000. BigBear.ai makes up about 27.5% of AE Industrial Partners LP's portfolio, making the stock its 2nd largest holding. AE Industrial Partners LP owned approximately 25.44% of BigBear.ai as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also recently modified their holdings of BBAI. Invesco Ltd. raised its stake in BigBear.ai by 8.3% during the fourth quarter. Invesco Ltd. now owns 21,149 shares of the company's stock valued at $94,000 after purchasing an additional 1,629 shares in the last quarter. Victory Capital Management Inc. increased its stake in BigBear.ai by 19.0% in the 4th quarter. Victory Capital Management Inc. now owns 14,576 shares of the company's stock worth $65,000 after buying an additional 2,332 shares during the period. Wells Fargo & Company MN raised its stake in shares of BigBear.ai by 5.1% during the fourth quarter. Wells Fargo & Company MN now owns 78,458 shares of the company's stock valued at $349,000 after acquiring an additional 3,797 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of BigBear.ai by 12.3% in the 4th quarter. JPMorgan Chase & Co. now owns 51,166 shares of the company's stock worth $228,000 after buying an additional 5,591 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its position in shares of BigBear.ai by 21.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 39,966 shares of the company's stock worth $178,000 after buying an additional 7,177 shares in the last quarter. Hedge funds and other institutional investors own 7.55% of the company's stock.
Insiders Place Their Bets
In other BigBear.ai news, CAO Sean Raymond Ricker sold 36,166 shares of BigBear.ai stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $3.65, for a total transaction of $132,005.90. Following the transaction, the chief accounting officer now owns 223,070 shares of the company's stock, valued at $814,205.50. The trade was a 13.95 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.00% of the stock is currently owned by insiders.
BigBear.ai Price Performance
NYSE BBAI traded down $0.17 during mid-day trading on Monday, hitting $3.20. The stock had a trading volume of 61,773,675 shares, compared to its average volume of 27,192,707. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 2.08. The company has a market cap of $930.35 million, a price-to-earnings ratio of -3.51 and a beta of 3.32. BigBear.ai Holdings, Inc. has a 52-week low of $1.17 and a 52-week high of $10.36. The company has a 50 day simple moving average of $3.25 and a 200 day simple moving average of $3.60.
BigBear.ai (NYSE:BBAI - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.04). The business had revenue of $34.76 million for the quarter, compared to analysts' expectations of $36.26 million. BigBear.ai had a negative return on equity of 138.35% and a negative net margin of 109.90%. The business's quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter last year, the company posted ($0.67) earnings per share. Equities analysts forecast that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Several equities analysts have issued reports on BBAI shares. Cantor Fitzgerald reduced their price target on BigBear.ai from $8.00 to $6.00 and set an "overweight" rating on the stock in a research report on Friday, March 7th. Northland Capmk cut shares of BigBear.ai from a "strong-buy" rating to a "hold" rating in a research report on Friday, March 7th. Northland Securities downgraded shares of BigBear.ai from an "outperform" rating to a "market perform" rating and increased their price objective for the company from $2.50 to $4.00 in a report on Friday, March 7th. Finally, HC Wainwright lowered their price target on shares of BigBear.ai from $7.00 to $6.00 and set a "buy" rating on the stock in a research report on Friday, March 7th.
Check Out Our Latest Stock Analysis on BigBear.ai
BigBear.ai Company Profile
(
Free Report)
BigBear.ai Holdings, Inc provides artificial intelligence-powered decision intelligence solutions. It offers national security, supply chain management, and digital identity and biometrics solutions. The company also provides data ingestion, data enrichment, data processing, artificial intelligence, machine learning, predictive analytics, and predictive visualization solutions and services.
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