WINTON GROUP Ltd Invests $1.36 Million in BigBear.ai Holdings, Inc. $BBAI

WINTON GROUP Ltd bought a new stake in BigBear.ai Holdings, Inc. (NYSE:BBAI) in the second quarter, Holdings Channel reports. The institutional investor bought 371,100 shares of the company’s stock, valued at approximately $1,362,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Root Financial Partners LLC grew its holdings in shares of BigBear.ai by 617.5% during the fourth quarter. Root Financial Partners LLC now owns 5,381 shares of the company’s stock worth $29,000 after purchasing an additional 4,631 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in shares of BigBear.ai by 150.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 5,640 shares of the company’s stock worth $30,000 after purchasing an additional 3,392 shares during the period. A&I Financial Services LLC bought a new stake in shares of BigBear.ai in the 2nd quarter valued at about $37,000. HM Payson & Co. boosted its stake in BigBear.ai by 616.9% during the 4th quarter. HM Payson & Co. now owns 7,169 shares of the company’s stock worth $39,000 after acquiring an additional 6,169 shares during the last quarter. Finally, Hollencrest Capital Management bought a new position in BigBear.ai during the 1st quarter worth approximately $41,000. 7.55% of the stock is owned by institutional investors and hedge funds.

BigBear.ai Trading Up 1.9%

NYSE BBAI opened at $2.87 on Friday. BigBear.ai Holdings, Inc. has a 12 month low of $2.59 and a 12 month high of $9.39. The company has a current ratio of 5.67, a quick ratio of 5.67 and a debt-to-equity ratio of 0.01. The stock has a 50 day moving average of $3.05 and a 200-day moving average of $3.62. The company has a market cap of $1.38 billion, a PE ratio of -13.69 and a beta of 3.35.

BigBear.ai (NYSE:BBAI) last issued its earnings results on Thursday, July 30th. The company reported ($0.05) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.05). BigBear.ai had a negative net margin of 65.20% and a negative return on equity of 13.44%. The business had revenue of $36.75 million for the quarter, compared to the consensus estimate of $36.37 million. During the same period in the previous year, the company earned ($0.71) earnings per share. The firm’s revenue for the quarter was up 12.9% on a year-over-year basis. On average, equities research analysts anticipate that BigBear.ai Holdings, Inc. will post -0.22 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on BBAI. Cantor Fitzgerald decreased their price target on shares of BigBear.ai from $5.00 to $4.00 and set a “neutral” rating for the company in a report on Friday, July 31st. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of BigBear.ai in a research note on Friday, July 17th. Finally, Wall Street Zen lowered BigBear.ai from a “hold” rating to a “sell” rating in a report on Saturday, August 1st. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, BigBear.ai currently has a consensus rating of “Hold” and a consensus price target of $5.00.

BigBear.ai Profile

BigBear.ai Holdings, Inc (NYSE:BBAI) provides artificial intelligence and decision-intelligence solutions designed to help organizations analyze complex data, identify risks and improve operational decision-making. Its capabilities include predictive analytics, machine learning, computer vision, data integration and workflow optimization.

The company serves customers in national security, defense, intelligence, supply chain management, manufacturing, healthcare and other industries. Its solutions are used for areas such as logistics planning, asset and workforce management, operational forecasting, identity verification and threat detection.