Penn Capital Management Company LLC Invests $9.39 Million in Amentum Holdings, Inc. (NYSE:AMTM)

Penn Capital Management Company LLC acquired a new stake in Amentum Holdings, Inc. (NYSE:AMTM - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 446,308 shares of the company's stock, valued at approximately $9,386,000. Penn Capital Management Company LLC owned about 0.18% of Amentum as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AMTM. Anchor Investment Management LLC acquired a new position in Amentum during the third quarter worth about $32,000. Huntington National Bank acquired a new position in shares of Amentum during the 4th quarter worth approximately $30,000. IFP Advisors Inc grew its position in shares of Amentum by 119.2% in the fourth quarter. IFP Advisors Inc now owns 1,532 shares of the company's stock valued at $35,000 after purchasing an additional 833 shares in the last quarter. Asset Planning Inc acquired a new stake in shares of Amentum in the fourth quarter valued at approximately $36,000. Finally, Horizon Investments LLC purchased a new position in Amentum during the fourth quarter worth approximately $36,000. Hedge funds and other institutional investors own 39.93% of the company's stock.

Insider Activity

In related news, insider Steven J. Demetriou acquired 100,000 shares of the firm's stock in a transaction that occurred on Wednesday, February 12th. The shares were purchased at an average price of $20.81 per share, with a total value of $2,081,000.00. Following the completion of the acquisition, the insider now owns 620,893 shares in the company, valued at approximately $12,920,783.33. This represents a 19.20 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Barbara Loughran bought 4,600 shares of the company's stock in a transaction on Tuesday, February 18th. The stock was bought at an average cost of $21.23 per share, with a total value of $97,658.00. Following the completion of the acquisition, the director now owns 4,600 shares of the company's stock, valued at $97,658. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 18.67% of the company's stock.

Wall Street Analyst Weigh In

AMTM has been the topic of several analyst reports. BTIG Research started coverage on Amentum in a report on Tuesday, April 15th. They set a "buy" rating and a $30.00 price target on the stock. Truist Financial lowered their target price on Amentum from $31.00 to $24.00 and set a "buy" rating for the company in a report on Monday, April 14th. Royal Bank of Canada restated a "sector perform" rating and issued a $24.00 price objective on shares of Amentum in a report on Thursday, February 6th. Morgan Stanley began coverage on shares of Amentum in a research note on Wednesday, April 16th. They issued an "underweight" rating and a $19.00 price target for the company. Finally, The Goldman Sachs Group initiated coverage on Amentum in a research note on Thursday, March 20th. They set a "neutral" rating and a $21.00 target price for the company. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, Amentum has an average rating of "Hold" and an average target price of $24.71.

Amentum Stock Up 0.7 %

AMTM traded up $0.16 on Tuesday, reaching $22.00. The company's stock had a trading volume of 353,924 shares, compared to its average volume of 2,833,889. Amentum Holdings, Inc. has a fifty-two week low of $16.01 and a fifty-two week high of $34.47. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.59 and a current ratio of 1.59. The stock has a 50 day moving average of $18.77 and a two-hundred day moving average of $22.23.

Amentum (NYSE:AMTM - Get Free Report) last posted its earnings results on Tuesday, February 4th. The company reported $0.51 EPS for the quarter, topping analysts' consensus estimates of $0.45 by $0.06. On average, research analysts predict that Amentum Holdings, Inc. will post 2.1 EPS for the current year.

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.