Redwood Investment Management LLC Takes Position in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Redwood Investment Management LLC purchased a new position in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) during the fourth quarter, Holdings Channel.com reports. The fund purchased 11,173 shares of the business services provider’s stock, valued at approximately $1,438,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Point72 Hong Kong Ltd purchased a new position in shares of Booz Allen Hamilton in 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% during the 4th quarter. Quantinno Capital Management LP now owns 10,738 shares of the business services provider’s stock worth $1,382,000 after buying an additional 5,807 shares during the period. Man Group plc lifted 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 buying an additional 1,081,239 shares in the last quarter. OMERS ADMINISTRATION Corp grew its stake in 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 valued at $698,000 after acquiring an additional 899 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Booz Allen Hamilton by 3.8% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,297 shares of the business services provider’s stock valued at $2,741,000 after acquiring an additional 775 shares during the period. Institutional investors and hedge funds own 91.82% of the company’s stock.

Booz Allen Hamilton Stock Performance

Shares of BAH 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 company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 2.72. The company has a market cap of $16.19 billion, a P/E ratio of 19.05, a PEG ratio of 1.25 and a beta of 0.56. The firm has a fifty day moving average price of $113.60 and a 200 day moving average price of $129.11.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Cantor Fitzgerald raised shares of Booz Allen Hamilton to a “strong-buy” rating in a report on Tuesday, February 25th. Wells Fargo & Company decreased their price target on shares of Booz Allen Hamilton from $164.00 to $148.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 8th. JPMorgan Chase & Co. reduced their target price on Booz Allen Hamilton from $140.00 to $120.00 and set an “underweight” rating for the company in a report on Tuesday, April 15th. William Blair lowered Booz Allen Hamilton from an “outperform” rating to a “market perform” rating in a research note on Friday, February 21st. Finally, Raymond James upgraded Booz Allen Hamilton from a “market perform” rating to an “outperform” rating and set a $150.00 price objective on the stock in a report on Monday, February 3rd. One equities research 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’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $146.45.

Booz Allen Hamilton Company 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.