Short-term stake in Booz Allen Hamilton Holding Co. (NYSE:BAH) drops 29.3%

Booz Allen Hamilton Holding Co. (NYSE:BAH – Get Rating) saw a sharp drop in short interest during the month of February. As of February 15, there was short interest totaling 1,450,000 shares, down 29.3% from the total of 2,050,000 shares as of January 31. Based on an average daily trading volume of 961,300 shares, the day-to-cover ratio is currently 1.5 days. Approximately 1.1% of the company’s shares are sold short.

Several research companies have recently commented on BAH. Bank of America downgraded Booz Allen Hamilton from a “buy” rating to an “underperform” rating and reduced its price target for the company from $100.00 to $80.00 in a Monday, January 31 report . StockNews.com upgraded Booz Allen Hamilton from a “buy” to a “hold” rating in a Saturday, Feb. 5 research note. Morgan Stanley lowered its price target on Booz Allen Hamilton from $98.00 to $93.00 and set an “overweight” rating on the stock in a Tuesday, Feb. 1 research note. Raymond James upgraded Booz Allen Hamilton from a “market performer” rating to an “outperformer” rating and set a price target of $90.00 for the stock in a Monday, Jan. 31 research note. Finally, Cowen raised his price target on Booz Allen Hamilton from $105.00 to $109.00 in a Monday, January 3 research note. One equity research analyst gave the stock a sell rating, two issued a hold rating and seven gave the company a buy rating. According to MarketBeat, Booz Allen Hamilton currently has a consensus rating of “Buy” and an average price target of $93.75.

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A number of hedge funds and other institutional investors have recently increased or reduced their stakes in the company. BlackRock Inc. increased its stake in Booz Allen Hamilton by 4.7% in the fourth quarter. BlackRock Inc. now owns 10,038,798 shares of the business services provider worth $851,189,000 after purchasing an additional 453,676 shares during the period. Black Creek Investment Management Inc. increased its stake in Booz Allen Hamilton by 15.0% in the third quarter. Black Creek Investment Management Inc. now owns 6,250,479 shares of the business services provider worth $495,976,000 after purchasing an additional 815,907 shares during the period. Atlanta Capital Management Co. LLC increased its stake in Booz Allen Hamilton by 3.4% in the fourth quarter. Atlanta Capital Management Co. LLC now owns 3,122,356 shares of the business services provider worth $264,745,000 after purchasing an additional 101,796 shares during the period. State Street Corp raised its position in Booz Allen Hamilton shares by 1.0% in the fourth quarter. State Street Corp now owns 3,080,794 shares of the business services provider worth $261,221,000 after acquiring 31,880 additional shares in the last quarter. Finally, 1832 Asset Management LP raised its position in Booz Allen Hamilton shares by 0.3% in the 4th quarter. 1832 Asset Management LP now owns 2,763,391 shares of the business services provider worth $237,697,000 after acquiring an additional 7,234 shares last quarter. Institutional investors and hedge funds hold 88.34% of the company’s shares.

Shares of NYSE:BAH traded at $3.69 in Friday’s midday session, hitting $86.33. 1,850,769 shares of the company were traded, against an average volume of 1,283,761. The company has a market capitalization of $11.50 billion, a price/earnings ratio of 20.60, a price/earnings ratio of growth of 2.76 and a beta of 0.70. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt ratio of 2.56. The company’s fifty-day moving average price is $81.15 and its two-hundred-day moving average price is $82.44. Booz Allen Hamilton has a 12-month low of $69.68 and a 12-month high of $91.00.

Booz Allen Hamilton (NYSE:BAH – Get Rating) last released his results on Friday, January 28. The business services provider reported earnings per share of $1.02 for the quarter, beating the consensus estimate of $0.99 by $0.03. The company posted revenue of $2.03 billion in the quarter, versus $2.13 billion expected by analysts. Booz Allen Hamilton had a return on equity of 54.65% and a net margin of 7.09%. Booz Allen Hamilton’s quarterly revenue increased 6.6% over the same quarter last year. During the same period a year earlier, the company posted EPS of $1.04. Analysts expect Booz Allen Hamilton to post earnings per share of 4.17 for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 2. Shareholders of record on Friday, February 11 received a dividend of $0.43. The ex-dividend date was Thursday, February 10. This represents an annualized dividend of $1.72 and a yield of 1.99%. This is a boost from Booz Allen Hamilton’s previous quarterly dividend of $0.37. Booz Allen Hamilton’s dividend payout ratio (DPR) is 41.05%.

About Booz Allen Hamilton (Get a rating)

Booz Allen Hamilton Holding Corp. provides management and technology consulting services. It offers analysis, digital solutions, engineering and cybernetic expertise. The company was founded by Edwin Booz in 1914 and is based in McLean, Virginia.

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