Booz Allen Hamilton Holding Co. (NYSE:BAH) Sees Significant Increase in Short Interest

Samuel Edwards

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Booz Allen Hamilton Holding Co. (NYSE:BAH) saw a large growth in short interest during the month of October. As of October 15th, there was short interest totalling 2,330,000 shares, a growth of 17.1% from the September 30th total of 1,990,000 shares. Based on an average daily volume of 794,200 shares, the days-to-cover ratio is currently 2.9 days. Approximately 1.7% of the company’s stock are short sold.

In related news, EVP Karen M. Dahut sold 2,900 shares of the stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $85.10, for a total transaction of $246,790.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 2.00% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BAH. Exane Derivatives raised its position in shares of Booz Allen Hamilton by 2.4% during the third quarter. Exane Derivatives now owns 5,855 shares of the business services provider’s stock valued at $486,000 after buying an additional 140 shares during the last quarter. Lido Advisors LLC raised its position in shares of Booz Allen Hamilton by 1.2% during the second quarter. Lido Advisors LLC now owns 13,815 shares of the business services provider’s stock valued at $1,075,000 after buying an additional 163 shares during the last quarter. NEXT Financial Group Inc raised its position in shares of Booz Allen Hamilton by 3.5% during the third quarter. NEXT Financial Group Inc now owns 4,920 shares of the business services provider’s stock valued at $409,000 after buying an additional 168 shares during the last quarter. Covenant Partners LLC raised its position in shares of Booz Allen Hamilton by 4.7% during the second quarter. Covenant Partners LLC now owns 4,318 shares of the business services provider’s stock valued at $336,000 after buying an additional 194 shares during the last quarter. Finally, Nissay Asset Management Corp Japan ADV raised its position in shares of Booz Allen Hamilton by 1.3% during the third quarter. Nissay Asset Management Corp Japan ADV now owns 14,756 shares of the business services provider’s stock valued at $1,224,000 after buying an additional 195 shares during the last quarter. Institutional investors own 92.11% of the company’s stock.

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NYSE BAH opened at $83.68 on Wednesday. Booz Allen Hamilton has a 12 month low of $54.37 and a 12 month high of $89.44. The stock has a market cap of $11.53 billion, a price-to-earnings ratio of 22.80, a PEG ratio of 2.03 and a beta of 0.81. The company’s 50 day moving average is $81.80 and its two-hundred day moving average is $79.48. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 2.25.

Booz Allen Hamilton (NYSE:BAH) last released its earnings results on Wednesday, November 4th. The business services provider reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.11. Booz Allen Hamilton had a net margin of 6.62% and a return on equity of 55.35%. The company had revenue of $2.02 billion for the quarter, compared to analysts’ expectations of $1.97 billion. During the same quarter last year, the business earned $0.81 EPS. The firm’s revenue was up 11.0% compared to the same quarter last year. Sell-side analysts forecast that Booz Allen Hamilton will post 3.66 EPS for the current year.

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The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 2nd. Shareholders of record on Monday, November 16th will be paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date is Friday, November 13th. Booz Allen Hamilton’s payout ratio is 38.99%.

BAH has been the topic of a number of recent analyst reports. Credit Suisse Group dropped their price target on shares of Booz Allen Hamilton from $91.00 to $87.00 and set an “outperform” rating on the stock in a report on Monday. Wells Fargo & Company reaffirmed a “buy” rating on shares of Booz Allen Hamilton in a report on Friday, July 31st. Truist Financial downgraded shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating in a report on Monday, August 3rd. Jefferies Financial Group reaffirmed a “buy” rating and set a $95.00 price target on shares of Booz Allen Hamilton in a report on Tuesday, August 11th. Finally, SunTrust Banks downgraded shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating and dropped their price target for the company from $84.00 to $80.00 in a report on Monday, August 3rd. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $84.08.

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Booz Allen Hamilton Company Profile

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.

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