The Manufacturers Life Insurance Company Increases Stock Position in BigBear.ai Holdings, Inc. (NYSE:BBAI)

The Manufacturers Life Insurance Company raised its position in BigBear.ai Holdings, Inc. (NYSE:BBAI) by 135.0% during the second quarter, Holdings Channel.com reports. The fund owned 41,073 shares of the company’s stock after purchasing an additional 23,597 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in BigBear.ai were worth $62,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of BBAI. American International Group Inc. lifted its stake in BigBear.ai by 75.4% in the first quarter. American International Group Inc. now owns 25,539 shares of the company’s stock worth $52,000 after acquiring an additional 10,982 shares during the period. Fortis Group Advisors LLC raised its holdings in BigBear.ai by 26.9% in the 2nd quarter. Fortis Group Advisors LLC now owns 66,735 shares of the company’s stock worth $101,000 after purchasing an additional 14,134 shares in the last quarter. Price T Rowe Associates Inc. MD bought a new position in BigBear.ai in the 1st quarter worth $31,000. Hartline Investment Corp purchased a new stake in shares of BigBear.ai in the 1st quarter worth about $39,000. Finally, Baader Bank Aktiengesellschaft bought a new stake in shares of BigBear.ai during the 2nd quarter valued at about $32,000. 7.55% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Cantor Fitzgerald reissued an “overweight” rating and issued a $3.50 price target on shares of BigBear.ai in a research note on Wednesday, August 21st. HC Wainwright reissued a “buy” rating and issued a $3.00 target price on shares of BigBear.ai in a research report on Tuesday, October 15th.

BigBear.ai Stock Performance

Shares of BigBear.ai stock opened at $1.74 on Tuesday. The business has a fifty day simple moving average of $1.53 and a two-hundred day simple moving average of $1.52. The firm has a market capitalization of $428.17 million, a P/E ratio of -1.92 and a beta of 3.48. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 1.99. 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 issued its quarterly earnings results on Thursday, August 1st. The company reported ($0.05) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.02. The company had revenue of $39.78 million during the quarter, compared to analysts’ expectations of $46.55 million. BigBear.ai had a negative net margin of 104.53% and a negative return on equity of 295.34%. BigBear.ai’s revenue was up 3.4% on a year-over-year basis. During the same period last year, the company posted ($0.12) EPS. On average, equities analysts forecast that BigBear.ai Holdings, Inc. will post -0.32 earnings per share for the current fiscal year.

Insider Transactions at BigBear.ai

In related news, Director Bbai Ultimate Holdings, Llc sold 572,817 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $1.78, for a total value of $1,019,614.26. Following the sale, the director now owns 143,713,297 shares in the company, valued at $255,809,668.66. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 1.40% of the company’s stock.

BigBear.ai 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.