Algert Global LLC Purchases Shares of 56,842 Amentum Holdings, Inc. (NYSE:AMTM)

Algert Global LLC purchased a new position in Amentum Holdings, Inc. (NYSE:AMTM) during the 4th quarter, HoldingsChannel reports. The fund purchased 56,842 shares of the company’s stock, valued at approximately $1,195,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Aristotle Capital Boston LLC grew its stake in Amentum by 944.2% in the 4th quarter. Aristotle Capital Boston LLC now owns 476,977 shares of the company’s stock worth $10,031,000 after buying an additional 431,299 shares in the last quarter. 683 Capital Management LLC purchased a new position in Amentum in the fourth quarter worth $8,938,000. Mercer Global Advisors Inc. ADV bought a new position in Amentum in the fourth quarter valued at $341,000. Nexpoint Asset Management L.P. raised its position in Amentum by 92.7% during the fourth quarter. Nexpoint Asset Management L.P. now owns 17,995 shares of the company’s stock valued at $378,000 after purchasing an additional 8,655 shares in the last quarter. Finally, Fifth Lane Capital LP bought a new stake in Amentum during the fourth quarter worth about $206,000. Hedge funds and other institutional investors own 39.93% of the company’s stock.

Insider Activity at Amentum

In other news, insider Steven J. Demetriou acquired 100,000 shares of the business’s stock in a transaction on Wednesday, February 12th. The shares were acquired at an average cost of $20.81 per share, with a total value of $2,081,000.00. Following the transaction, the insider now owns 620,893 shares in the company, valued at $12,920,783.33. The trade was a 19.20 % increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Barbara Loughran bought 4,600 shares of Amentum stock in a transaction on Tuesday, February 18th. The shares were purchased at an average price of $21.23 per share, for a total transaction of $97,658.00. Following the acquisition, the director now directly owns 4,600 shares in the company, valued at approximately $97,658. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. 18.67% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Royal Bank of Canada reissued a “sector perform” rating and set a $24.00 price objective on shares of Amentum in a report on Thursday, February 6th. Cantor Fitzgerald upgraded shares of Amentum to a “hold” rating in a report on Tuesday, February 25th. BTIG Research initiated coverage on shares of Amentum in a research note on Tuesday, April 15th. They issued a “buy” rating and a $30.00 price objective for the company. The Goldman Sachs Group assumed coverage on shares of Amentum in a research report on Thursday, March 20th. They issued a “neutral” rating and a $21.00 target price on the stock. Finally, Morgan Stanley assumed coverage on shares of Amentum in a research report on Wednesday, April 16th. They set an “underweight” rating and a $19.00 price target for the company. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $24.71.

Amentum Trading Down 0.9 %

Shares of Amentum stock opened at $21.12 on Friday. The company’s fifty day simple moving average is $19.14 and its two-hundred day simple moving average is $21.87. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.59 and a quick ratio of 1.59. Amentum Holdings, Inc. has a 12-month low of $16.01 and a 12-month high of $34.47.

Amentum (NYSE:AMTM) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.05. The business had revenue of $3.49 billion for the quarter, compared to analysts’ expectations of $3.44 billion. Sell-side analysts predict that Amentum Holdings, Inc. will post 2.1 EPS for the current year.

Amentum Profile

Amentum Holdings, Inc provides engineering and technology solutions to address challenges in science, security, and sustainability. It serves various markets, such as energy and environment, space, intelligence, defense, civilian, commercial, and international markets. The company was incorporated in 2010 and is headquatered in Chantilly, Virginia.