Rhumbline Advisers Raises Stock Holdings in BigBear.ai Holdings, Inc. $BBAI

Rhumbline Advisers boosted its holdings in shares of BigBear.ai Holdings, Inc. (NYSE:BBAI) by 223.3% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 426,845 shares of the company’s stock after purchasing an additional 294,833 shares during the quarter. Rhumbline Advisers owned approximately 0.15% of BigBear.ai worth $2,898,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Legal & General Group Plc increased its position in shares of BigBear.ai by 107.6% in the 2nd quarter. Legal & General Group Plc now owns 335,041 shares of the company’s stock worth $2,274,000 after purchasing an additional 173,621 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of BigBear.ai by 3,252.7% during the second quarter. JPMorgan Chase & Co. now owns 2,398,419 shares of the company’s stock worth $16,285,000 after purchasing an additional 2,326,883 shares during the last quarter. Swiss National Bank grew its stake in BigBear.ai by 51.1% in the second quarter. Swiss National Bank now owns 552,100 shares of the company’s stock worth $3,749,000 after purchasing an additional 186,600 shares in the last quarter. Quilter Plc acquired a new position in BigBear.ai in the second quarter worth about $149,000. Finally, TRUE Private Wealth Advisors increased its holdings in BigBear.ai by 9.9% in the second quarter. TRUE Private Wealth Advisors now owns 62,406 shares of the company’s stock valued at $424,000 after buying an additional 5,628 shares during the last quarter. 7.55% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Dorothy D. Hayes sold 22,000 shares of the business’s stock in a transaction on Tuesday, November 18th. The stock was sold at an average price of $6.08, for a total transaction of $133,760.00. Following the sale, the director directly owned 236,150 shares of the company’s stock, valued at $1,435,792. The trade was a 8.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.54% of the company’s stock.

Wall Street Analyst Weigh In

BBAI has been the topic of several research reports. HC Wainwright reissued a “buy” rating and set a $8.00 price target on shares of BigBear.ai in a research report on Tuesday, November 11th. Weiss Ratings reiterated a “sell (d-)” rating on shares of BigBear.ai in a research note on Wednesday, October 8th. Wall Street Zen raised shares of BigBear.ai from a “strong sell” rating to a “hold” rating in a report on Saturday, November 15th. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $7.00 price target on shares of BigBear.ai in a research report on Tuesday, November 11th. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $6.33.

BigBear.ai Trading Down 3.1%

NYSE:BBAI opened at $6.80 on Monday. The stock has a market cap of $2.97 billion, a price-to-earnings ratio of -4.79 and a beta of 3.44. The company has a debt-to-equity ratio of 0.18, a quick ratio of 3.13 and a current ratio of 3.13. BigBear.ai Holdings, Inc. has a 1 year low of $2.36 and a 1 year high of $10.36. The business has a fifty day moving average of $6.68 and a 200-day moving average of $6.07.

BigBear.ai (NYSE:BBAI) last posted its quarterly earnings data on Monday, November 10th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.01). BigBear.ai had a negative net margin of 274.70% and a negative return on equity of 26.11%. The company had revenue of $33.14 million during the quarter, compared to the consensus estimate of $31.82 million. During the same quarter last year, the business earned ($0.05) earnings per share. The company’s revenue was down 20.1% on a year-over-year basis. Equities analysts predict that BigBear.ai Holdings, Inc. will post -0.28 earnings per share for the current year.

BigBear.ai Company Profile

BigBear.ai Holdings, Inc provides artificial intelligence-powered decision intelligence solutions. It offers national security, supply chain management, and digital identity and biometrics solutions. The company also provides data ingestion, data enrichment, data processing, artificial intelligence, machine learning, predictive analytics, and predictive visualization solutions and services.