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

The Manufacturers Life Insurance Company boosted its position in BigBear.ai Holdings, Inc. (NYSE:BBAI) by 135.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 41,073 shares of the company’s stock after buying an additional 23,597 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in BigBear.ai were worth $62,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD bought a new stake in shares of BigBear.ai in the first quarter valued at approximately $31,000. Baader Bank Aktiengesellschaft purchased a new position in BigBear.ai in the 2nd quarter valued at approximately $32,000. Hartline Investment Corp bought a new stake in BigBear.ai during the 1st quarter valued at $39,000. Keynote Financial Services LLC purchased a new stake in shares of BigBear.ai during the first quarter worth $45,000. Finally, Delaney Dennis R purchased a new stake in shares of BigBear.ai during the first quarter worth $49,000. 7.55% of the stock is currently owned by institutional investors.

Insider Activity

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

BigBear.ai Stock Performance

NYSE BBAI opened at $1.74 on Tuesday. The company’s 50 day simple moving average is $1.53 and its two-hundred day simple moving average is $1.52. The stock has a market capitalization of $428.17 million, a PE ratio of -1.92 and a beta of 3.48. The company has a debt-to-equity ratio of 1.99, a current ratio of 2.10 and a quick ratio of 2.10. BigBear.ai Holdings, Inc. has a 1 year low of $1.16 and a 1 year high of $4.80.

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

Analysts Set New Price Targets

Several equities analysts have recently weighed in on BBAI shares. HC Wainwright reiterated a “buy” rating and issued a $3.00 price target on shares of BigBear.ai in a research report on Tuesday, October 15th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $3.50 target price on shares of BigBear.ai in a report on Wednesday, August 21st.

BigBear.ai Company 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.