Redwood Investment Management LLC Invests $1.44 Million in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Redwood Investment Management LLC purchased a new stake in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 11,173 shares of the business services provider’s stock, valued at approximately $1,438,000.

Several other institutional investors have also added to or reduced their stakes in the business. JPMorgan Chase & Co. boosted its stake 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 worth $581,516,000 after acquiring an additional 501,725 shares during the last quarter. 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 valued at $360,957,000 after purchasing an additional 371,390 shares in the last quarter. Janus Henderson Group PLC grew its stake in shares of Booz Allen Hamilton by 179.7% during the 4th quarter. Janus Henderson Group PLC now owns 1,767,129 shares of the business services provider’s stock valued at $227,425,000 after acquiring an additional 1,135,426 shares during the period. Bank of America Corp DE boosted its position in shares of Booz Allen Hamilton by 61.4% in 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 purchasing an additional 590,655 shares during the period. Finally, Norges Bank bought a new position in Booz Allen Hamilton in the 4th quarter worth $196,578,000. 91.82% of the stock is currently owned by hedge funds and other institutional investors.

Booz Allen Hamilton Trading Up 3.5%

Shares of Booz Allen Hamilton stock opened at $127.80 on Friday. Booz Allen Hamilton Holding Co. has a 12-month low of $101.05 and a 12-month high of $190.59. The firm’s 50 day simple moving average is $113.60 and its two-hundred day simple moving average is $129.11. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 2.72. The firm has a market capitalization of $16.19 billion, a price-to-earnings ratio of 19.05, a PEG ratio of 1.25 and a beta of 0.56.

Wall Street Analyst Weigh In

BAH has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. decreased their price target on Booz Allen Hamilton from $140.00 to $120.00 and set an “underweight” rating on the stock in a report on Tuesday, April 15th. Cantor Fitzgerald raised shares of Booz Allen Hamilton to a “strong-buy” rating in a report on Tuesday, February 25th. The Goldman Sachs Group restated a “neutral” rating and set a $109.00 price objective (down from $150.00) on shares of Booz Allen Hamilton in a research report on Friday, April 11th. Wells Fargo & Company dropped their target price on Booz Allen Hamilton from $164.00 to $148.00 and set an “overweight” rating for the company in a report on Tuesday, April 8th. Finally, Truist Financial lowered their price target on Booz Allen Hamilton from $142.00 to $110.00 and set a “hold” rating for the company in a research report on Monday, April 14th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $146.45.

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.