56,842 Shares in Amentum Holdings, Inc. (NYSE:AMTM) Bought by Algert Global LLC

Algert Global LLC bought a new stake in shares of Amentum Holdings, Inc. (NYSE:AMTM - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 56,842 shares of the company's stock, valued at approximately $1,195,000.

A number of other hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. lifted its position in Amentum by 18.0% during the 4th quarter. Vanguard Group Inc. now owns 16,542,447 shares of the company's stock worth $347,888,000 after acquiring an additional 2,529,173 shares during the period. Kovitz Investment Group Partners LLC increased its stake in shares of Amentum by 10,851.5% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 14,787,345 shares of the company's stock valued at $310,978,000 after purchasing an additional 14,652,319 shares in the last quarter. Invesco Ltd. grew its position in Amentum by 77.6% in the fourth quarter. Invesco Ltd. now owns 13,856,239 shares of the company's stock worth $291,397,000 after acquiring an additional 6,055,638 shares during the period. Primecap Management Co. CA lifted its stake in Amentum by 21.7% during the fourth quarter. Primecap Management Co. CA now owns 6,414,379 shares of the company's stock worth $134,894,000 after purchasing an additional 1,143,097 shares in the last quarter. Finally, Cooper Creek Partners Management LLC raised its stake in shares of Amentum by 396.3% in the fourth quarter. Cooper Creek Partners Management LLC now owns 4,157,034 shares of the company's stock valued at $87,422,000 after acquiring an additional 3,319,364 shares in the last quarter. Institutional investors own 39.93% of the company's stock.

Analysts Set New Price Targets

Several research firms recently commented on AMTM. Cantor Fitzgerald raised Amentum to a "hold" rating in a report on Tuesday, February 25th. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $24.00 price objective on shares of Amentum in a report on Thursday, February 6th. Truist Financial dropped their price objective on Amentum from $31.00 to $24.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Morgan Stanley assumed coverage on Amentum in a report on Wednesday, April 16th. They set an "underweight" rating and a $19.00 price target on the stock. Finally, BTIG Research assumed coverage on Amentum in a report on Tuesday, April 15th. They set a "buy" rating and a $30.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have given 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 $25.38.

Amentum Stock Down 2.8%

AMTM stock traded down $0.62 during trading on Friday, reaching $20.99. The stock had a trading volume of 945,277 shares, compared to its average volume of 2,768,712. 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 quick ratio of 1.59 and a current ratio of 1.59. The firm has a fifty day moving average price of $19.31 and a 200 day moving average price of $21.68.

Amentum (NYSE:AMTM - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.53 earnings per share 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 the consensus estimate of $3.44 billion. As a group, sell-side analysts expect that Amentum Holdings, Inc. will post 2.1 EPS for the current year.

Insider Activity

In other news, Director Barbara Loughran acquired 4,600 shares of the firm's stock in a transaction that occurred on Tuesday, February 18th. The stock was purchased at an average price of $21.23 per share, with a total value of $97,658.00. Following the purchase, the director now owns 4,600 shares of the company's stock, valued at approximately $97,658. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 18.67% of the company's stock.

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.