Redwood Investment Management LLC Purchases Shares of 11,173 Booz Allen Hamilton Holding Co. (NYSE:BAH)

Redwood Investment Management LLC acquired a new position in Booz Allen Hamilton Holding Co. (NYSE:BAH - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,173 shares of the business services provider's stock, valued at approximately $1,438,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Point72 Hong Kong Ltd acquired a new position in shares of Booz Allen Hamilton during the 4th quarter valued at about $3,218,000. Quantinno Capital Management LP raised its stake in shares of Booz Allen Hamilton by 117.8% in the fourth quarter. Quantinno Capital Management LP now owns 10,738 shares of the business services provider's stock valued at $1,382,000 after purchasing an additional 5,807 shares in the last quarter. Man Group plc boosted its position in shares of Booz Allen Hamilton by 2,293.2% during the 4th quarter. Man Group plc now owns 1,128,389 shares of the business services provider's stock valued at $145,224,000 after acquiring an additional 1,081,239 shares in the last quarter. OMERS ADMINISTRATION Corp raised its holdings in shares of Booz Allen Hamilton by 19.9% in the 4th quarter. OMERS ADMINISTRATION Corp now owns 5,426 shares of the business services provider's stock worth $698,000 after buying an additional 899 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Booz Allen Hamilton by 3.8% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,297 shares of the business services provider's stock worth $2,741,000 after acquiring an additional 775 shares in the last quarter. Institutional investors own 91.82% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on BAH shares. JPMorgan Chase & Co. reduced their price objective on Booz Allen Hamilton from $140.00 to $120.00 and set an "underweight" rating on the stock in a research note on Tuesday, April 15th. William Blair cut Booz Allen Hamilton from an "outperform" rating to a "market perform" rating in a research note on Friday, February 21st. Cantor Fitzgerald upgraded shares of Booz Allen Hamilton to a "strong-buy" rating in a report on Tuesday, February 25th. The Goldman Sachs Group reiterated a "neutral" rating and issued a $109.00 price objective (down from $150.00) on shares of Booz Allen Hamilton in a research report on Friday, April 11th. Finally, Wells Fargo & Company cut their price target on Booz Allen Hamilton from $164.00 to $148.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Booz Allen Hamilton presently has a consensus rating of "Hold" and a consensus price target of $144.27.

Booz Allen Hamilton Stock Up 0.2%

Booz Allen Hamilton stock traded up $0.24 during mid-day trading on Monday, reaching $129.05. The stock had a trading volume of 1,640,971 shares, compared to its average volume of 1,560,227. The firm has a market capitalization of $16.34 billion, a PE ratio of 19.23, a price-to-earnings-growth ratio of 1.25 and a beta of 0.56. The stock's 50-day simple moving average is $114.33 and its 200-day simple moving average is $127.60. The company has a debt-to-equity ratio of 2.72, a quick ratio of 1.57 and a current ratio of 1.57. Booz Allen Hamilton Holding Co. has a fifty-two week low of $101.05 and a fifty-two week high of $190.59.

Booz Allen Hamilton Profile

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.