Cumberland Partners Ltd Boosts Stake in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Cumberland Partners Ltd raised its position in Booz Allen Hamilton Holding Co. (NYSE:BAHGet Rating) by 6.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 34,625 shares of the business services provider’s stock after buying an additional 1,950 shares during the period. Cumberland Partners Ltd’s holdings in Booz Allen Hamilton were worth $2,936,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Prescott Group Capital Management L.L.C. boosted its position in Booz Allen Hamilton by 122.1% in the 4th quarter. Prescott Group Capital Management L.L.C. now owns 11,107 shares of the business services provider’s stock valued at $942,000 after buying an additional 6,107 shares during the last quarter. Covestor Ltd bought a new position in shares of Booz Allen Hamilton during the fourth quarter worth about $78,000. Rhumbline Advisers lifted its position in shares of Booz Allen Hamilton by 1.8% during the fourth quarter. Rhumbline Advisers now owns 163,012 shares of the business services provider’s stock worth $13,822,000 after purchasing an additional 2,943 shares during the last quarter. L2 Asset Management LLC lifted its position in shares of Booz Allen Hamilton by 12.5% during the fourth quarter. L2 Asset Management LLC now owns 9,080 shares of the business services provider’s stock worth $770,000 after purchasing an additional 1,007 shares during the last quarter. Finally, Dakota Wealth Management bought a new position in shares of Booz Allen Hamilton during the fourth quarter worth about $305,000. 90.44% of the stock is owned by institutional investors.

In other Booz Allen Hamilton news, EVP Nancy Laben sold 21,161 shares of the firm’s stock in a transaction that occurred on Friday, March 25th. The shares were sold at an average price of $88.54, for a total value of $1,873,594.94. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.92% of the stock is currently owned by company insiders.

Several equities analysts have recently commented on the stock. Bank of America raised shares of Booz Allen Hamilton from an “underperform” rating to a “neutral” rating and increased their price target for the stock from $80.00 to $90.00 in a research report on Friday, March 11th. Morgan Stanley reduced their price target on shares of Booz Allen Hamilton from $98.00 to $93.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 1st. Raymond James upgraded shares of Booz Allen Hamilton from a “market perform” rating to an “outperform” rating and set a $90.00 price objective on the stock in a research note on Monday, January 31st. Wells Fargo & Company increased their price objective on shares of Booz Allen Hamilton from $90.00 to $98.00 and gave the stock an “overweight” rating in a research note on Thursday, March 24th. Finally, StockNews.com began coverage on shares of Booz Allen Hamilton in a research note on Thursday, March 31st. They set a “hold” rating on the stock. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $96.70.

Shares of NYSE:BAH traded up $0.55 during trading hours on Tuesday, hitting $82.76. The stock had a trading volume of 14,474 shares, compared to its average volume of 926,791. The stock’s fifty day simple moving average is $85.81 and its 200 day simple moving average is $84.18. Booz Allen Hamilton Holding Co. has a 1-year low of $69.68 and a 1-year high of $91.46. The firm has a market capitalization of $11.03 billion, a price-to-earnings ratio of 19.66, a PEG ratio of 2.38 and a beta of 0.72. The company has a debt-to-equity ratio of 2.56, a quick ratio of 1.69 and a current ratio of 1.69.

About Booz Allen Hamilton (Get Rating)

Booz Allen Hamilton Holding Corporation provides management and technology consulting, analytics, engineering, digital, mission operations, and cyber solutions to governments, corporations, and not-for-profit organizations in the United States and internationally. The company offers consulting solutions for various domains, business strategies, human capital, and operations.

Further Reading

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

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