Mariner LLC Sells 26,019 Shares of Amentum Holdings, Inc. (NYSE:AMTM)

Mariner LLC cut its stake in Amentum Holdings, Inc. (NYSE:AMTM - Free Report) by 40.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 38,884 shares of the company's stock after selling 26,019 shares during the quarter. Mariner LLC's holdings in Amentum were worth $818,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of AMTM. Huntington National Bank bought a new position in Amentum during the fourth quarter valued at about $30,000. Anchor Investment Management LLC bought a new position in shares of Amentum in the 3rd quarter valued at approximately $32,000. IFP Advisors Inc lifted its holdings in Amentum by 119.2% in the 4th quarter. IFP Advisors Inc now owns 1,532 shares of the company's stock worth $35,000 after purchasing an additional 833 shares during the last quarter. Asset Planning Inc bought a new stake in Amentum during the fourth quarter worth approximately $36,000. Finally, Horizon Investments LLC bought a new position in shares of Amentum in the fourth quarter valued at approximately $36,000. 39.93% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

AMTM has been the topic of several research analyst reports. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $24.00 price target on shares of Amentum in a research report on Thursday, February 6th. BTIG Research assumed coverage on shares of Amentum in a research note on Tuesday, April 15th. They issued a "buy" rating and a $30.00 target price for the company. Truist Financial lowered their price target on Amentum from $31.00 to $24.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. The Goldman Sachs Group initiated coverage on Amentum in a research report on Thursday, March 20th. They issued a "neutral" rating and a $21.00 price objective for the company. Finally, Cantor Fitzgerald upgraded Amentum to a "hold" rating in a research report on Tuesday, February 25th. One investment 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. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $24.71.

Amentum Stock Up 0.9 %

AMTM stock traded up $0.19 during trading on Friday, hitting $21.88. 596,429 shares of the stock traded hands, compared to its average volume of 2,813,248. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 1.02. Amentum Holdings, Inc. has a one year low of $16.01 and a one year high of $34.47. The company has a 50 day simple moving average of $18.87 and a 200 day simple moving average of $22.23.

Amentum (NYSE:AMTM - Get Free Report) last announced its 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. On average, equities research analysts expect that Amentum Holdings, Inc. will post 2.1 EPS for the current year.

Insider Activity at Amentum

In other Amentum 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 acquired at an average cost of $21.23 per share, for a total transaction of $97,658.00. Following the transaction, the director now owns 4,600 shares of the company's stock, valued at $97,658. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Steven J. Demetriou bought 100,000 shares of the company's stock in a transaction on Wednesday, February 12th. The shares were bought at an average price of $20.81 per share, for a total transaction of $2,081,000.00. Following the completion of the acquisition, the insider now directly owns 620,893 shares in the company, valued at approximately $12,920,783.33. This trade represents a 19.20 % increase in their position. The disclosure for this purchase can be found here. Corporate 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.