Amentum Target of Unusually High Options Trading (NYSE:AMTM)

Amentum Holdings, Inc. (NYSE:AMTM) saw some unusual options trading activity on Wednesday. Stock investors acquired 17,448 call options on the stock. This is an increase of 2,020% compared to the typical daily volume of 823 call options.

Amentum Stock Up 14.7%

NYSE AMTM traded up $3.20 on Wednesday, reaching $24.99. The company had a trading volume of 5,269,103 shares, compared to its average volume of 2,050,288. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 0.97. The company’s fifty day moving average is $22.99 and its 200 day moving average is $23.29. Amentum has a 52-week low of $16.01 and a 52-week high of $26.63. The stock has a market capitalization of $6.08 billion, a P/E ratio of 63.99, a P/E/G ratio of 0.71 and a beta of 0.23.

Institutional Investors Weigh In On Amentum

A number of institutional investors have recently added to or reduced their stakes in AMTM. Atlantic Union Bankshares Corp bought a new position in shares of Amentum during the 2nd quarter worth approximately $25,000. Blue Trust Inc. lifted its holdings in Amentum by 116.5% during the third quarter. Blue Trust Inc. now owns 1,204 shares of the company’s stock worth $29,000 after acquiring an additional 648 shares during the period. Quarry LP purchased a new position in Amentum in the first quarter worth $30,000. Signaturefd LLC grew its stake in Amentum by 108.0% in the 1st quarter. Signaturefd LLC now owns 1,764 shares of the company’s stock valued at $32,000 after purchasing an additional 916 shares during the period. Finally, Mather Group LLC. purchased a new stake in shares of Amentum during the 3rd quarter valued at $32,000. 39.93% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently commented on AMTM shares. JPMorgan Chase & Co. assumed coverage on shares of Amentum in a research note on Thursday, October 9th. They issued a “neutral” rating and a $30.00 price target on the stock. JMP Securities reissued a “market outperform” rating and set a $30.00 target price on shares of Amentum in a report on Monday, August 18th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Amentum in a research note on Wednesday, October 8th. BTIG Research restated a “buy” rating and set a $30.00 target price on shares of Amentum in a research report on Monday, October 27th. Finally, The Goldman Sachs Group increased their price target on Amentum from $21.00 to $26.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 13th. Six investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Amentum has an average rating of “Hold” and an average price target of $28.25.

Amentum Company 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.