Alliancebernstein L.P. Sells 94,593 Shares of Amentum Holdings, Inc. (NYSE:AMTM)

Alliancebernstein L.P. lowered its position in Amentum Holdings, Inc. (NYSE:AMTM - Free Report) by 66.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,053 shares of the company's stock after selling 94,593 shares during the quarter. Alliancebernstein L.P.'s holdings in Amentum were worth $1,011,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Anchor Investment Management LLC purchased a new stake in Amentum during the third quarter valued at approximately $32,000. IFP Advisors Inc lifted 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 worth $35,000 after buying an additional 833 shares in the last quarter. Asset Planning Inc purchased a new stake in shares of Amentum in the fourth quarter worth about $36,000. Horizon Investments LLC purchased a new stake in Amentum during the fourth quarter valued at approximately $36,000. Finally, GAMMA Investing LLC raised its position in Amentum by 333.1% during the fourth quarter. GAMMA Investing LLC now owns 1,754 shares of the company's stock valued at $37,000 after purchasing an additional 1,349 shares during the period. Hedge funds and other institutional investors own 39.93% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently commented on AMTM shares. The Goldman Sachs Group started coverage on Amentum in a research note on Thursday, March 20th. They set a "neutral" rating and a $21.00 target price on the stock. Truist Financial reduced their target price on Amentum from $31.00 to $24.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Cantor Fitzgerald raised Amentum to a "hold" rating in a research note on Tuesday, February 25th. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $24.00 target price on shares of Amentum in a research note on Thursday, February 6th. Finally, Morgan Stanley began 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 assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $24.71.

Amentum Trading Up 4.7 %

Shares of Amentum stock traded up $0.93 during trading hours on Thursday, reaching $20.68. 425,404 shares of the company's stock were exchanged, compared to its average volume of 2,843,757. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 1.02. The company's fifty day moving average is $18.72. Amentum Holdings, Inc. has a 52-week low of $16.01 and a 52-week high of $34.47.

Amentum (NYSE:AMTM - Get Free Report) last posted its quarterly 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. Analysts anticipate that Amentum Holdings, Inc. will post 2.1 earnings per share for the current year.

Insider Transactions at Amentum

In other news, insider Steven J. Demetriou acquired 100,000 shares of the firm's stock in a transaction that occurred on Wednesday, February 12th. The stock was acquired at an average cost of $20.81 per share, with a total value of $2,081,000.00. Following 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Barbara Loughran purchased 4,600 shares of Amentum 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 in the company, valued at approximately $97,658. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 18.67% of the company's stock.

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.