The Adage Capital Partners GP L.L.C. Has $20,058,000 Position in Booz Allen Hamilton Holding Corp. (BAH)

The Adage Capital Partners GP L.L.C. Has $20,058,000 Position in Booz Allen Hamilton Holding Corp. (BAH)

Adage Capital Partners GP L.L.C. raised its position in shares of Booz Allen Hamilton Holding Corp. (NYSE:BAH) by 210.2% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 634,548 shares of the company’s stock after buying an additional 429,989 shares during the period. Adage Capital Partners GP L.L.C. owned 0.43% of Booz Allen Hamilton Holding Corp. worth $20,058,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. William Blair Investment Management LLC boosted its stake in Booz Allen Hamilton Holding Corp. by 18.7% in the second quarter. William Blair Investment Management LLC now owns 7,741,497 shares of the company’s stock worth $229,458,000 after buying an additional 1,222,049 shares in the last quarter. Airain ltd acquired a new stake in Booz Allen Hamilton Holding Corp. during the second quarter worth $2,341,000. Tygh Capital Management Inc. boosted its stake in Booz Allen Hamilton Holding Corp. by 9.5% in the second quarter. Tygh Capital Management Inc. now owns 163,655 shares of the company’s stock worth $4,851,000 after buying an additional 14,181 shares in the last quarter. Emerald Acquisition Ltd. acquired a new stake in Booz Allen Hamilton Holding Corp. during the second quarter worth $270,000. Finally, Channing Capital Management LLC boosted its stake in Booz Allen Hamilton Holding Corp. by 3.6% in the second quarter. Channing Capital Management LLC now owns 2,332,132 shares of the company’s stock worth $69,124,000 after buying an additional 81,526 shares in the last quarter. Institutional investors own 92.46% of the company’s stock.

Shares of Booz Allen Hamilton Holding Corp. (NYSE:BAH) opened at 35.85 on Thursday. Booz Allen Hamilton Holding Corp. has a 52-week low of $25.03 and a 52-week high of $38.54. The firm has a market cap of $5.34 billion, a PE ratio of 17.89 and a beta of 1.11. The stock’s 50 day moving average price is $36.57 and its 200-day moving average price is $32.53.

Booz Allen Hamilton Holding Corp. (NYSE:BAH) last released its quarterly earnings data on Wednesday, November 2nd. The company reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.03. The business earned $1.39 billion during the quarter, compared to the consensus estimate of $1.38 billion. Booz Allen Hamilton Holding Corp. had a return on equity of 59.18% and a net margin of 5.48%. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.39 EPS. On average, equities research analysts anticipate that Booz Allen Hamilton Holding Corp. will post $1.75 earnings per share for the current fiscal year.

A number of research firms have weighed in on BAH. Drexel Hamilton restated a “buy” rating and issued a $44.00 price target (up from $37.00) on shares of Booz Allen Hamilton Holding Corp. in a research note on Friday, December 30th. Bank of America Corp. upgraded Booz Allen Hamilton Holding Corp. from a “neutral” rating to a “buy” rating in a research note on Friday, November 18th. Jefferies Group restated a “buy” rating and issued a $37.00 price target on shares of Booz Allen Hamilton Holding Corp. in a research note on Tuesday, November 8th. Finally, Raymond James Financial Inc. upgraded Booz Allen Hamilton Holding Corp. from a “market perform” rating to an “outperform” rating and set a $36.00 price target on the stock in a research note on Thursday, October 6th. Eight research analysts have rated the stock with a buy rating, Booz Allen Hamilton Holding Corp. presently has an average rating of “Buy” and a consensus target price of $36.33.

In other news, insider Horacio Rozanski sold 61,020 shares of the company’s stock in a transaction on Monday, December 5th. The stock was sold at an average price of $37.57, for a total transaction of $2,292,521.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Lloyd Howell, Jr. sold 88,980 shares of the company’s stock in a transaction on Tuesday, December 6th. The stock was sold at an average price of $37.79, for a total value of $3,362,554.20. The disclosure for this sale can be found here. Insiders own 3.76% of the company’s stock.

Booz Allen Hamilton Holding Corp. Company Profile

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.

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