MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $18.29 Million Stock Position in Amentum Holdings, Inc. (NYSE:AMTM)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Amentum Holdings, Inc. (NYSE:AMTM) by 4.5% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 869,596 shares of the company’s stock after acquiring an additional 37,571 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.36% of Amentum worth $18,288,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of AMTM. Huntington National Bank bought a new stake in shares of Amentum during the 4th quarter worth approximately $30,000. IFP Advisors Inc raised its position in Amentum by 119.2% during the fourth quarter. IFP Advisors Inc now owns 1,532 shares of the company’s stock worth $35,000 after acquiring an additional 833 shares in the last quarter. Asset Planning Inc acquired a new stake in Amentum in the fourth quarter valued at $36,000. Horizon Investments LLC bought a new position in shares of Amentum in the 4th quarter valued at about $36,000. Finally, GAMMA Investing LLC grew its position in shares of Amentum by 333.1% in the 4th quarter. GAMMA Investing LLC now owns 1,754 shares of the company’s stock valued at $37,000 after acquiring an additional 1,349 shares during the period. 39.93% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Amentum

In related news, Director Barbara Loughran bought 4,600 shares of Amentum stock in a transaction dated Tuesday, February 18th. The shares were bought at an average cost of $21.23 per share, with a total value of $97,658.00. Following the acquisition, the director now owns 4,600 shares in the company, valued at $97,658. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders own 18.67% of the company’s stock.

Amentum Stock Down 1.0%

NYSE:AMTM opened at $20.93 on Thursday. The stock has a 50 day simple moving average of $19.25 and a 200 day simple moving average of $21.74. Amentum Holdings, Inc. has a 1-year low of $16.01 and a 1-year high of $34.47. 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 (NYSE:AMTM) last posted its earnings results on Tuesday, May 6th. The company reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.05. The firm had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.44 billion. As a group, research analysts expect that Amentum Holdings, Inc. will post 2.1 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

AMTM has been the topic of a number of research analyst reports. Cantor Fitzgerald raised shares of Amentum to a “hold” rating in a report on Tuesday, February 25th. Royal Bank of Canada restated a “sector perform” rating and issued a $24.00 price objective on shares of Amentum in a research note on Thursday, February 6th. Citizens Jmp initiated coverage on Amentum in a research note on Monday. They set an “outperform” rating and a $30.00 target price for the company. The Goldman Sachs Group initiated coverage on Amentum in a report on Thursday, March 20th. They set a “neutral” rating and a $21.00 target price on the stock. Finally, Morgan Stanley initiated coverage on Amentum in a report on Wednesday, April 16th. They set an “underweight” rating and a $19.00 price target for the company. One analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Amentum has an average rating of “Hold” and an average target price of $25.38.

About Amentum

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.