Lord Abbett & CO. LLC Trims Stake in Booz Allen Hamilton Holding Corporation (BAH)

Lord Abbett & CO. LLC cut its holdings in Booz Allen Hamilton Holding Corporation (NYSE:BAH) by 13.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,929,165 shares of the business services provider’s stock after selling 437,125 shares during the period. Lord Abbett & CO. LLC owned about 1.97% of Booz Allen Hamilton Holding Corporation worth $95,315,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Great West Life Assurance Co. Can grew its holdings in Booz Allen Hamilton Holding Corporation by 24.3% during the 1st quarter. Great West Life Assurance Co. Can now owns 20,212 shares of the business services provider’s stock valued at $715,000 after purchasing an additional 3,948 shares during the last quarter. Comerica Bank boosted its position in Booz Allen Hamilton Holding Corporation by 2.8% in the 1st quarter. Comerica Bank now owns 8,689 shares of the business services provider’s stock valued at $314,000 after buying an additional 237 shares during the period. UBS Asset Management Americas Inc. boosted its position in Booz Allen Hamilton Holding Corporation by 19.6% in the 1st quarter. UBS Asset Management Americas Inc. now owns 106,031 shares of the business services provider’s stock valued at $3,752,000 after buying an additional 17,409 shares during the period. JPMorgan Chase & Co. boosted its position in Booz Allen Hamilton Holding Corporation by 73.8% in the 1st quarter. JPMorgan Chase & Co. now owns 537,505 shares of the business services provider’s stock valued at $19,022,000 after buying an additional 228,253 shares during the period. Finally, Stifel Financial Corp boosted its position in Booz Allen Hamilton Holding Corporation by 13.1% in the 1st quarter. Stifel Financial Corp now owns 17,273 shares of the business services provider’s stock valued at $613,000 after buying an additional 2,004 shares during the period. Hedge funds and other institutional investors own 93.63% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “Lord Abbett & CO. LLC Trims Stake in Booz Allen Hamilton Holding Corporation (BAH)” was posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this news story on another domain, it was copied illegally and reposted in violation of US and international copyright legislation. The original version of this news story can be viewed at https://ledgergazette.com/2017/10/16/lord-abbett-co-llc-trims-stake-in-booz-allen-hamilton-holding-corporation-bah.html.

In other Booz Allen Hamilton Holding Corporation news, insider Karen M. Dahut sold 46,406 shares of the company’s stock in a transaction dated Wednesday, October 4th. The shares were sold at an average price of $38.02, for a total value of $1,764,356.12. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Elizabeth M. Thompson sold 28,000 shares of the company’s stock in a transaction dated Thursday, September 28th. The shares were sold at an average price of $36.69, for a total transaction of $1,027,320.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 150,407 shares of company stock worth $5,434,430. 3.04% of the stock is owned by insiders.

Booz Allen Hamilton Holding Corporation (BAH) traded down 0.47% during midday trading on Monday, reaching $38.38. 457,007 shares of the company traded hands. The firm has a market capitalization of $5.71 billion, a PE ratio of 22.02 and a beta of 1.30. Booz Allen Hamilton Holding Corporation has a 12 month low of $29.67 and a 12 month high of $39.67. The company’s 50-day moving average price is $36.19 and its 200 day moving average price is $35.36.

Booz Allen Hamilton Holding Corporation (NYSE:BAH) last released its earnings results on Monday, August 7th. The business services provider reported $0.53 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.06. The company had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.52 billion. Booz Allen Hamilton Holding Corporation had a net margin of 4.50% and a return on equity of 48.35%. The firm’s quarterly revenue was up 5.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.46 EPS. On average, equities analysts anticipate that Booz Allen Hamilton Holding Corporation will post $1.92 earnings per share for the current year.

Several equities research analysts have issued reports on the stock. BidaskClub raised shares of Booz Allen Hamilton Holding Corporation from a “hold” rating to a “buy” rating in a research report on Friday, August 18th. Cowen and Company reissued an “outperform” rating and set a $43.00 target price on shares of Booz Allen Hamilton Holding Corporation in a research report on Tuesday, July 4th. Jefferies Group LLC cut shares of Booz Allen Hamilton Holding Corporation from a “buy” rating to a “hold” rating and set a $36.00 target price for the company. in a research report on Monday, July 17th. Zacks Investment Research raised shares of Booz Allen Hamilton Holding Corporation from a “hold” rating to a “buy” rating and set a $42.00 target price for the company in a research report on Monday, October 9th. Finally, Vertical Research upgraded shares of Booz Allen Hamilton Holding Corporation from a “hold” rating to a “buy” rating and set a $42.00 p

Other institutional investors have also bought and sold shares of the company. Great West Life Assurance Co. Can grew its holdings in Booz Allen Hamilton Holding Corporation by 24.3% during the 1st quarter. Great West Life Assurance Co. Can now owns 20,212 shares of the business services provider’s stock valued at $715,000 after purchasing an additional 3,948 shares during the last quarter. Comerica Bank boosted its position in Booz Allen Hamilton Holding Corporation by 2.8% in the 1st quarter. Comerica Bank now owns 8,689 shares of the business services provider’s stock valued at $314,000 after buying an additional 237 shares during the period. UBS Asset Management Americas Inc. boosted its position in Booz Allen Hamilton Holding Corporation by 19.6% in the 1st quarter. UBS Asset Management Americas Inc. now owns 106,031 shares of the business services provider’s stock valued at $3,752,000 after buying an additional 17,409 shares during the period. JPMorgan Chase & Co. boosted its position in Booz Allen Hamilton Holding Corporation by 73.8% in the 1st quarter. JPMorgan Chase & Co. now owns 537,505 shares of the business services provider’s stock valued at $19,022,000 after buying an additional 228,253 shares during the period. Finally, Stifel Financial Corp boosted its position in Booz Allen Hamilton Holding Corporation by 13.1% in the 1st quarter. Stifel Financial Corp now owns 17,273 shares of the business services provider’s stock valued at $613,000 after buying an additional 2,004 shares during the period. Hedge funds and other institutional investors own 93.63% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “Lord Abbett & CO. LLC Trims Stake in Booz Allen Hamilton Holding Corporation (BAH)” was posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this news story on another domain, it was copied illegally and reposted in violation of US and international copyright legislation. The original version of this news story can be viewed at https://ledgergazette.com/2017/10/16/lord-abbett-co-llc-trims-stake-in-booz-allen-hamilton-holding-corporation-bah.html.

In other Booz Allen Hamilton Holding Corporation news, insider Karen M. Dahut sold 46,406 shares of the company’s stock in a transaction dated Wednesday, October 4th. The shares were sold at an average price of $38.02, for a total value of $1,764,356.12. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Elizabeth M. Thompson sold 28,000 shares of the company’s stock in a transaction dated Thursday, September 28th. The shares were sold at an average price of $36.69, for a total transaction of $1,027,320.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 150,407 shares of company stock worth $5,434,430. 3.04% of the stock is owned by insiders.

Booz Allen Hamilton Holding Corporation (BAH) traded down 0.47% during midday trading on Monday, reaching $38.38. 457,007 shares of the company traded hands. The firm has a market capitalization of $5.71 billion, a PE ratio of 22.02 and a beta of 1.30. Booz Allen Hamilton Holding Corporation has a 12 month low of $29.67 and a 12 month high of $39.67. The company’s 50-day moving average price is $36.19 and its 200 day moving average price is $35.36.

Booz Allen Hamilton Holding Corporation (NYSE:BAH) last released its earnings results on Monday, August 7th. The business services provider reported $0.53 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.06. The company had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.52 billion. Booz Allen Hamilton Holding Corporation had a net margin of 4.50% and a return on equity of 48.35%. The firm’s quarterly revenue was up 5.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.46 EPS. On average, equities analysts anticipate that Booz Allen Hamilton Holding Corporation will post $1.92 earnings per share for the current year.

Several equities research analysts have issued reports on the stock. BidaskClub raised shares of Booz Allen Hamilton Holding Corporation from a “hold” rating to a “buy” rating in a research report on Friday, August 18th. Cowen and Company reissued an “outperform” rating and set a $43.00 target price on shares of Booz Allen Hamilton Holding Corporation in a research report on Tuesday, July 4th. Jefferies Group LLC cut shares of Booz Allen Hamilton Holding Corporation from a “buy” rating to a “hold” rating and set a $36.00 target price for the company. in a research report on Monday, July 17th. Zacks Investment Research raised shares of Booz Allen Hamilton Holding Corporation from a “hold” rating to a “buy” rating and set a $42.00 target price for the company in a research report on Monday, October 9th. Finally, Vertical Research upgraded shares of Booz Allen Hamilton Holding Corporation from a “hold” rating to a “buy” rating and set a $42.00 price target on the stock in a research note on Tuesday, October 3rd. Six equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. Booz Allen Hamilton Holding Corporation currently has a consensus rating of “Buy” and an average target price of $39.50.

About Booz Allen Hamilton Holding Corporation

Booz Allen Hamilton Holding Corporation is a holding company. The Company is a provider of management and technology, consulting and engineering services to the United States and international governments, corporations and not-for-profit organizations. The Company’s client base includes government, commercial and international clients.

Want to see what other hedge funds are holding BAH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Booz Allen Hamilton Holding Corporation (NYSE:BAH).

Institutional Ownership by Quarter for Booz Allen Hamilton Holding Corporation (NYSE:BAH)

Receive News & Ratings for Booz Allen Hamilton Holding Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Booz Allen Hamilton Holding Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply