WINTON GROUP Ltd Buys New Shares in BigBear.ai Holdings, Inc. $BBAI

Key Points

• WINTON GROUP Ltd purchased 371,100 BigBear.ai shares worth approximately $1.36 million in the second quarter, giving it about a 0.08% stake. Institutional investors collectively own 7.55% of the company.
• Analyst sentiment is mixed, with ratings ranging from Buy to Sell; the stock carries a consensus rating of Hold and a $5.00 target price. Cantor Fitzgerald recently lowered its target from $5 to $4.
• BigBear.ai shares opened at $2.87, while the company reported quarterly revenue of $36.75 million, up 12.9% year over year, and an adjusted loss of $0.05 per share that matched estimates.

WINTON GROUP Ltd bought a new position in shares of BigBear.ai Holdings, Inc. (NYSE:BBAI - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 371,100 shares of the company's stock, valued at approximately $1,362,000. WINTON GROUP Ltd owned approximately 0.08% of BigBear.ai as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. raised its holdings in BigBear.ai by 11.8% in the 1st quarter. Principal Financial Group Inc. now owns 22,698 shares of the company's stock valued at $80,000 after acquiring an additional 2,391 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of BigBear.ai by 150.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 5,640 shares of the company's stock worth $30,000 after purchasing an additional 3,392 shares in the last quarter. NewEdge Advisors LLC increased its position in shares of BigBear.ai by 3.4% during the fourth quarter. NewEdge Advisors LLC now owns 124,239 shares of the company's stock valued at $671,000 after purchasing an additional 4,073 shares during the period. Kestra Advisory Services LLC increased its position in shares of BigBear.ai by 29.2% during the first quarter. Kestra Advisory Services LLC now owns 18,424 shares of the company's stock valued at $65,000 after purchasing an additional 4,159 shares during the period. Finally, Root Financial Partners LLC raised its stake in shares of BigBear.ai by 617.5% in the fourth quarter. Root Financial Partners LLC now owns 5,381 shares of the company's stock valued at $29,000 after purchasing an additional 4,631 shares in the last quarter. 7.55% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on the company. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of BigBear.ai in a research report on Friday, July 17th. Cantor Fitzgerald dropped their price objective on shares of BigBear.ai from $5.00 to $4.00 and set a "neutral" rating for the company in a research note on Friday, July 31st. Finally, Wall Street Zen downgraded shares of BigBear.ai from a "hold" rating to a "sell" rating in a report on Saturday, August 1st. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $5.00.

BigBear.ai Trading Up 1.9%

BBAI stock opened at $2.87 on Friday. BigBear.ai Holdings, Inc. has a 1-year low of $2.59 and a 1-year high of $9.39. The company has a current ratio of 5.67, a quick ratio of 5.67 and a debt-to-equity ratio of 0.01. The business's 50 day moving average is $3.05 and its 200-day moving average is $3.62. The firm has a market cap of $1.38 billion, a P/E ratio of -13.69 and a beta of 3.35.

BigBear.ai (NYSE:BBAI - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The company reported ($0.05) EPS for the quarter, meeting the consensus estimate of ($0.05). BigBear.ai had a negative return on equity of 13.44% and a negative net margin of 65.20%.The business had revenue of $36.75 million for the quarter, compared to analyst estimates of $36.37 million. During the same quarter in the previous year, the firm earned ($0.71) EPS. BigBear.ai's quarterly revenue was up 12.9% on a year-over-year basis. Equities analysts anticipate that BigBear.ai Holdings, Inc. will post -0.22 earnings per share for the current fiscal year.

BigBear.ai Profile

BigBear.ai Holdings, Inc NYSE: BBAI provides artificial intelligence and decision-intelligence solutions designed to help organizations analyze complex data, identify risks and improve operational decision-making. Its capabilities include predictive analytics, machine learning, computer vision, data integration and workflow optimization.

The company serves customers in national security, defense, intelligence, supply chain management, manufacturing, healthcare and other industries. Its solutions are used for areas such as logistics planning, asset and workforce management, operational forecasting, identity verification and threat detection.

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