Rhumbline Advisers Has $154,000 Position in BigBear.ai Holdings, Inc. (NYSE:BBAI)

Rhumbline Advisers boosted its position in BigBear.ai Holdings, Inc. (NYSE:BBAI) by 206.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 101,963 shares of the company’s stock after buying an additional 68,663 shares during the quarter. Rhumbline Advisers’ holdings in BigBear.ai were worth $154,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Price T Rowe Associates Inc. MD acquired a new stake in shares of BigBear.ai in the first quarter valued at about $31,000. Vanguard Group Inc. increased its position in shares of BigBear.ai by 8.9% during the 1st quarter. Vanguard Group Inc. now owns 2,062,356 shares of the company’s stock worth $4,228,000 after purchasing an additional 168,076 shares during the last quarter. Hartline Investment Corp bought a new stake in shares of BigBear.ai during the 1st quarter worth approximately $39,000. SG Americas Securities LLC acquired a new stake in BigBear.ai in the first quarter valued at $287,000. Finally, American International Group Inc. lifted its stake in BigBear.ai by 75.4% in the 1st quarter. American International Group Inc. now owns 25,539 shares of the company’s stock valued at $52,000 after purchasing an additional 10,982 shares during the last quarter. Institutional investors and hedge funds own 7.55% of the company’s stock.

BigBear.ai Trading Down 1.3 %

Shares of NYSE:BBAI opened at $1.55 on Monday. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 1.99. The stock has a market cap of $381.42 million, a PE ratio of -1.72 and a beta of 3.51. The business has a 50 day moving average of $1.47 and a 200-day moving average of $1.57. BigBear.ai Holdings, Inc. has a 12-month low of $1.16 and a 12-month high of $4.80.

BigBear.ai (NYSE:BBAI) last posted its quarterly earnings results on Thursday, August 1st. The company reported ($0.05) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.02. BigBear.ai had a negative net margin of 104.53% and a negative return on equity of 295.34%. The business had revenue of $39.78 million for the quarter, compared to analyst estimates of $46.55 million. During the same quarter last year, the business posted ($0.12) EPS. The firm’s revenue for the quarter was up 3.4% on a year-over-year basis. As a group, equities research analysts forecast that BigBear.ai Holdings, Inc. will post -0.32 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on BBAI. Cantor Fitzgerald reissued an “overweight” rating and set a $3.50 target price on shares of BigBear.ai in a report on Wednesday, August 21st. HC Wainwright decreased their price objective on shares of BigBear.ai from $5.00 to $3.00 and set a “buy” rating on the stock in a report on Friday, August 2nd.

About BigBear.ai

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.