Alpine Global Management LLC Purchases New Stake in Amentum Holdings, Inc. (NYSE:AMTM)

Alpine Global Management LLC bought a new position in shares of Amentum Holdings, Inc. (NYSE:AMTM - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 25,000 shares of the company's stock, valued at approximately $526,000.

Several other institutional investors also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB purchased a new position in shares of Amentum in the third quarter valued at approximately $790,000. JPMorgan Chase & Co. purchased a new position in Amentum in the 3rd quarter valued at approximately $8,739,000. Foundations Investment Advisors LLC purchased a new position in Amentum in the 4th quarter valued at approximately $409,000. A. D. Beadell Investment Counsel Inc. grew its stake in shares of Amentum by 177.0% in the fourth quarter. A. D. Beadell Investment Counsel Inc. now owns 43,155 shares of the company's stock worth $907,000 after acquiring an additional 27,575 shares in the last quarter. Finally, Cacti Asset Management LLC purchased a new stake in shares of Amentum during the fourth quarter worth $18,386,000. 39.93% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Barbara Loughran acquired 4,600 shares of the company's stock in a transaction on 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 purchase, the director now owns 4,600 shares of the company's stock, valued at $97,658. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Steven J. Demetriou acquired 100,000 shares of the business's stock in a transaction 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 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 disclosure for this purchase can be found here. 18.67% of the stock is owned by insiders.

Amentum Trading Up 0.9 %

Shares of AMTM stock traded up $0.20 during trading hours on Friday, hitting $21.88. The stock had a trading volume of 2,411,450 shares, compared to its average volume of 2,860,884. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.59 and a quick ratio of 1.59. The stock's 50 day moving average is $18.76 and its 200 day moving average is $22.24. Amentum Holdings, Inc. has a twelve month low of $16.01 and a twelve month high of $34.47.

Amentum (NYSE:AMTM - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.51 earnings per share for the quarter, topping analysts' consensus estimates of $0.45 by $0.06. As a group, equities analysts anticipate that Amentum Holdings, Inc. will post 2.1 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on AMTM. Morgan Stanley began coverage on Amentum in a research note on Wednesday, April 16th. They set an "underweight" rating and a $19.00 target price for the company. The Goldman Sachs Group began coverage on Amentum in a research report on Thursday, March 20th. They set a "neutral" rating and a $21.00 price objective for the company. Truist Financial reduced their target price on shares of Amentum from $31.00 to $24.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Royal Bank of Canada reiterated a "sector perform" rating and set a $24.00 price target on shares of Amentum in a report on Thursday, February 6th. Finally, Cantor Fitzgerald upgraded shares of Amentum to a "hold" rating in a report on Tuesday, February 25th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Amentum has a consensus rating of "Hold" and a consensus price target of $24.71.

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.