Should Investors Be Selling Booz Allen Hamilton Holding Corporation (NYSE:BAH) Stock Following Today’s Bank of America Corporation Downgrade?

June 19, 2017 - By Migdalia James

 Should Investors Be Selling Booz Allen Hamilton Holding Corporation (NYSE:BAH) Stock Following Today’s Bank of America Corporation Downgrade?

Investors sentiment increased to 1.82 in Q4 2016. Its up 0.92, from 0.9 in 2016Q3. It increased, as 17 investors sold Booz Allen Hamilton Holding Corporation shares while 71 reduced holdings. 70 funds opened positions while 90 raised stakes. 121.88 million shares or 4.71% less from 127.91 million shares in 2016Q3 were reported.

Deutsche Bancorp Ag holds 0.02% of its portfolio in Booz Allen Hamilton Holding Corporation (NYSE:BAH) for 753,050 shares. Eam Ltd Limited Liability Company holds 81,427 shares. Raymond James Fincl Ser Advisors stated it has 0.01% of its portfolio in Booz Allen Hamilton Holding Corporation (NYSE:BAH). The New York-based Goldman Sachs Incorporated has invested 0.01% in Booz Allen Hamilton Holding Corporation (NYSE:BAH). Majedie Asset Management Ltd, United Kingdom-based fund reported 207,433 shares. Citadel Advisors Limited Liability owns 930,015 shares. New York-based Hutchin Hill Cap Limited Partnership has invested 0.19% in Booz Allen Hamilton Holding Corporation (NYSE:BAH). Moreover, Clinton Gru has 0.16% invested in Booz Allen Hamilton Holding Corporation (NYSE:BAH). Colony Grp Inc holds 0.26% or 67,049 shares in its portfolio. Sit Investment Associate has invested 0.1% in Booz Allen Hamilton Holding Corporation (NYSE:BAH). Boothbay Fund Mgmt Ltd Llc, New York-based fund reported 6,377 shares. Susquehanna Group Llp reported 0% in Booz Allen Hamilton Holding Corporation (NYSE:BAH). Whittier Trust Company Of Nevada accumulated 105 shares. Tfs Capital Limited Liability Corporation holds 13,054 shares or 0.13% of its portfolio. Millennium Management Ltd Liability Com stated it has 0.04% of its portfolio in Booz Allen Hamilton Holding Corporation (NYSE:BAH).

Since February 8, 2017, it had 0 insider purchases, and 5 sales for $9.57 million activity. ODEEN PHILIP A also sold $340,630 worth of Booz Allen Hamilton Holding Corporation (NYSE:BAH) on Wednesday, February 8. MAHAFFEE JOSEPH W had sold 120,000 shares worth $4.59M.

Booz Allen Hamilton Holding Corporation (NYSE:BAH) Receives a Downgrade

Bank of America Corporation has lowered the rating for shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH) to a solid “Neutral” in analysts note sent to investors on 16 June. BAH’s previous rating by the firm was a “Buy”.

Investors sentiment increased to 1.82 in Q4 2016. Its up 0.92, from 0.9 in 2016Q3. It increased, as 17 investors sold Booz Allen Hamilton Holding Corporation shares while 71 reduced holdings. 70 funds opened positions while 90 raised stakes. 121.88 million shares or 4.71% less from 127.91 million shares in 2016Q3 were reported.

Deutsche Bancorp Ag holds 0.02% of its portfolio in Booz Allen Hamilton Holding Corporation (NYSE:BAH) for 753,050 shares. Eam Ltd Limited Liability Company holds 81,427 shares. Raymond James Fincl Ser Advisors stated it has 0.01% of its portfolio in Booz Allen Hamilton Holding Corporation (NYSE:BAH). The New York-based Goldman Sachs Incorporated has invested 0.01% in Booz Allen Hamilton Holding Corporation (NYSE:BAH). Majedie Asset Management Ltd, United Kingdom-based fund reported 207,433 shares. Citadel Advisors Limited Liability owns 930,015 shares. New York-based Hutchin Hill Cap Limited Partnership has invested 0.19% in Booz Allen Hamilton Holding Corporation (NYSE:BAH). Moreover, Clinton Gru has 0.16% invested in Booz Allen Hamilton Holding Corporation (NYSE:BAH). Colony Grp Inc holds 0.26% or 67,049 shares in its portfolio. Sit Investment Associate has invested 0.1% in Booz Allen Hamilton Holding Corporation (NYSE:BAH). Boothbay Fund Mgmt Ltd Llc, New York-based fund reported 6,377 shares. Susquehanna Group Llp reported 0% in Booz Allen Hamilton Holding Corporation (NYSE:BAH). Whittier Trust Company Of Nevada accumulated 105 shares. Tfs Capital Limited Liability Corporation holds 13,054 shares or 0.13% of its portfolio. Millennium Management Ltd Liability Com stated it has 0.04% of its portfolio in Booz Allen Hamilton Holding Corporation (NYSE:BAH).

Since February 8, 2017, it had 0 insider purchases, and 5 sales for $9.57 million activity. ODEEN PHILIP A also sold $340,630 worth of Booz Allen Hamilton Holding Corporation (NYSE:BAH) on Wednesday, February 8. MAHAFFEE JOSEPH W had sold 120,000 shares worth $4.59M.

Booz Allen Hamilton Holding Corporation (NYSE:BAH) Ratings Coverage

Among 14 analysts covering Booz Allen Hamilton Holding Corporation (NYSE:BAH), 7 have Buy rating, 1 Sell and 6 Hold. Therefore 50% are positive. Booz Allen Hamilton Holding Corporation has $43 highest and $23 lowest target. $34.67’s average target is 8.11% above currents $32.07 stock price. Booz Allen Hamilton Holding Corporation had 24 analyst reports since July 28, 2015 according to SRatingsIntel. Barclays Capital downgraded Booz Allen Hamilton Holding Corporation (NYSE:BAH) on Monday, May 1 to “Equal Weight” rating. The firm has “Outperform” rating given on Thursday, July 30 by RBC Capital Markets. On Friday, June 16 the stock rating was downgraded by Drexel Hamilton to “Hold”. William Blair upgraded Booz Allen Hamilton Holding Corporation (NYSE:BAH) on Tuesday, December 22 to “Outperform” rating. RBC Capital Markets maintained Booz Allen Hamilton Holding Corporation (NYSE:BAH) rating on Thursday, October 29. RBC Capital Markets has “Outperform” rating and $34 target. Morgan Stanley downgraded the shares of BAH in report on Friday, September 11 to “Underweight” rating. Raymond James upgraded the stock to “Outperform” rating in Thursday, October 6 report. As per Friday, June 16, the company rating was downgraded by Bank of America. The stock of Booz Allen Hamilton Holding Corporation (NYSE:BAH) has “Market Perform” rating given on Tuesday, April 12 by Raymond James. Cowen & Co maintained Booz Allen Hamilton Holding Corporation (NYSE:BAH) rating on Friday, April 7. Cowen & Co has “Outperform” rating and $43 target.

About 1.43 million shares traded or 3.62% up from the average. Booz Allen Hamilton Holding Corporation (NYSE:BAH) has risen 24.39% since June 19, 2016 and is uptrending. It has outperformed by 7.69% the S&P500.

Booz Allen Hamilton Holding Corporation is a holding company. The company has market cap of $3.85 billion. The Firm is a well-known provider of management and technology, consulting and engineering services to the United States and international governments, firms and not-for-profit organizations. It has a 19.29 P/E ratio. The Company’s client base includes government, commercial and international clients.

More notable recent Booz Allen Hamilton Holding Corporation (NYSE:BAH) news were published by: Businesswire.com which released: “BOOZ ALLEN INVESTOR ALERT: Faruqi & Faruqi, LLP Reminds Investors Who Suffered …” on June 16, 2017, also Seekingalpha.com with their article: “Booz Allen Hamilton Holding (BAH) Q3 2017 Results – Earnings Call Transcript” published on January 30, 2017, Fool.com published: “Why Kroger, Costco Wholesale, and Booz Allen Hamilton Holding Slumped Today” on June 16, 2017. More interesting news about Booz Allen Hamilton Holding Corporation (NYSE:BAH) were released by: Prnewswire.com and their article: “Daily Technical Summary Reports on Services Stocks — Booz Allen Hamilton …” published on June 14, 2017 as well as Businesswire.com‘s news article titled: “SHAREHOLDER ALERT: Goldberg Law PC Announces an Investigation of Booz Allen …” with publication date: June 16, 2017.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: