Ladenburg Thalmann Financial Services Inc. Sells 9,140 Shares of Booz Allen Hamilton Holding Co. (BAH)

Ladenburg Thalmann Financial Services Inc. lowered its position in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 72.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,505 shares of the business services provider’s stock after selling 9,140 shares during the period. Ladenburg Thalmann Financial Services Inc.’s holdings in Booz Allen Hamilton were worth $132,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Raymond James Financial Services Advisors Inc. boosted its position in Booz Allen Hamilton by 0.3% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 18,217 shares of the business services provider’s stock valued at $593,000 after buying an additional 49 shares during the last quarter. M&T Bank Corp boosted its position in Booz Allen Hamilton by 0.5% in the second quarter. M&T Bank Corp now owns 13,945 shares of the business services provider’s stock valued at $454,000 after buying an additional 65 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its position in Booz Allen Hamilton by 1.3% in the second quarter. Oppenheimer Asset Management Inc. now owns 21,681 shares of the business services provider’s stock valued at $705,000 after buying an additional 280 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in Booz Allen Hamilton by 8.2% in the second quarter. The Manufacturers Life Insurance Company now owns 4,603 shares of the business services provider’s stock valued at $150,000 after buying an additional 347 shares during the last quarter. Finally, Advisor Group Inc. boosted its position in Booz Allen Hamilton by 13.1% in the second quarter. Advisor Group Inc. now owns 3,497 shares of the business services provider’s stock valued at $113,000 after buying an additional 405 shares during the last quarter. Hedge funds and other institutional investors own 92.81% of the company’s stock.

In other news, insider Susan L. Penfield sold 30,022 shares of the stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $38.31, for a total transaction of $1,150,142.82. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Karen M. Dahut sold 46,406 shares of the stock in a transaction that occurred on Wednesday, October 4th. The shares were sold at an average price of $38.02, for a total value of $1,764,356.12. The disclosure for this sale can be found here. Corporate insiders own 3.04% of the company’s stock.

A number of equities research analysts recently commented on BAH shares. ValuEngine lowered Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research report on Saturday, November 4th. Cowen reiterated a “buy” rating and issued a $50.00 target price (up previously from $41.00) on shares of Booz Allen Hamilton in a research report on Thursday, October 12th. Zacks Investment Research lowered Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research report on Wednesday, October 18th. Jefferies Group reiterated a “hold” rating and issued a $36.00 target price on shares of Booz Allen Hamilton in a research report on Thursday, September 21st. Finally, Wells Fargo & Co upped their price objective on Booz Allen Hamilton from $40.00 to $42.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 25th. Six equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $40.95.

Shares of Booz Allen Hamilton Holding Co. (NYSE BAH) opened at $38.13 on Tuesday. The company has a debt-to-equity ratio of 3.33, a current ratio of 1.49 and a quick ratio of 1.49. Booz Allen Hamilton Holding Co. has a 52-week low of $31.06 and a 52-week high of $39.67. The company has a market capitalization of $5,559.81, a P/E ratio of 21.07, a price-to-earnings-growth ratio of 2.35 and a beta of 1.28.

Booz Allen Hamilton (NYSE:BAH) last released its quarterly earnings data on Monday, November 6th. The business services provider reported $0.48 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.02. Booz Allen Hamilton had a return on equity of 48.30% and a net margin of 4.52%. The business had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same quarter in the prior year, the firm posted $0.46 EPS. The business’s quarterly revenue was up 10.6% compared to the same quarter last year. sell-side analysts forecast that Booz Allen Hamilton Holding Co. will post 1.91 earnings per share for the current year.

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About Booz Allen Hamilton

Booz Allen Hamilton Holding Corporation is a holding company. The Company is a provider of management and technology, consulting and engineering services to the United States and international governments, corporations and not-for-profit organizations. The Company’s client base includes government, commercial and international clients.

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Institutional Ownership by Quarter for Booz Allen Hamilton (NYSE:BAH)

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