Fulcrum Asset Management LLP acquired a new position in BigBear.ai Holdings, Inc. (NYSE:BBAI – Free Report) during the third quarter, according to the company in its most recent filing with the SEC. The fund acquired 587,240 shares of the company’s stock, valued at approximately $1,556,000.
Other large investors also recently modified their holdings of the company. First Trust Advisors LP grew its stake in BigBear.ai by 18.1% during the 1st quarter. First Trust Advisors LP now owns 2,419,242 shares of the company’s stock valued at $8,516,000 after purchasing an additional 369,981 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in shares of BigBear.ai in the 2nd quarter valued at approximately $5,243,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of BigBear.ai by 6.3% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,295,272 shares of the company’s stock valued at $4,754,000 after purchasing an additional 76,451 shares in the last quarter. California State Teachers Retirement System boosted its stake in shares of BigBear.ai by 30.4% during the 1st quarter. California State Teachers Retirement System now owns 541,731 shares of the company’s stock valued at $1,907,000 after buying an additional 126,303 shares during the last quarter. Finally, Headlands Technologies LLC boosted its stake in shares of BigBear.ai by 351.8% during the 2nd quarter. Headlands Technologies LLC now owns 512,339 shares of the company’s stock valued at $1,880,000 after buying an additional 398,936 shares during the last quarter. 7.55% of the stock is currently owned by institutional investors and hedge funds.
BigBear.ai Trading Down 0.6%
Shares of NYSE BBAI opened at $2.31 on Thursday. BigBear.ai Holdings, Inc. has a one year low of $2.07 and a one year high of $7.40. The firm has a market capitalization of $1.11 billion, a PE ratio of -6.23 and a beta of 3.37. The company has a current ratio of 4.92, a quick ratio of 4.92 and a debt-to-equity ratio of 0.01. The business has a 50-day moving average price of $2.56 and a two-hundred day moving average price of $3.48.
BigBear.ai (NYSE:BBAI – Get Free Report) last released its earnings results on Tuesday, October 27th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.13). BigBear.ai had a negative return on equity of 15.17% and a negative net margin of 126.84%. The company had revenue of $43.58 million during the quarter, compared to analysts’ expectations of $29.93 million. During the same quarter in the previous year, the company earned ($0.03) EPS. The firm’s quarterly revenue was up 31.5% compared to the same quarter last year. As a group, analysts predict that BigBear.ai Holdings, Inc. will post -0.36 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several brokerages recently weighed in on BBAI. Wall Street Zen lowered BigBear.ai from a “hold” rating to a “sell” rating in a report on Saturday, August 1st. Cantor Fitzgerald cut their price target on BigBear.ai from $4.00 to $3.00 and set a “neutral” rating on the stock in a report on Wednesday, October 28th. Citigroup reaffirmed a “market perform” rating on shares of BigBear.ai in a report on Wednesday, October 28th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of BigBear.ai in a research note on Thursday, October 15th. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, BigBear.ai has a consensus rating of “Hold” and a consensus price target of $4.50.
View Our Latest Stock Report on BigBear.ai
BigBear.ai Profile
BigBear.ai Holdings, Inc. provides artificial intelligence and decision-intelligence solutions that help organizations analyze data and support complex operational decisions. Its services include data integration, predictive analytics, machine learning and computer vision, with applications in areas such as national security, defense, supply chain management and travel security. The company serves U.S. government customers as well as commercial organizations. Its offerings are designed to help customers combine information from multiple sources, identify patterns and improve planning and operational awareness.
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