Renaissance Technologies LLC Sells 429,500 Shares of Amentum Holdings, Inc. (NYSE:AMTM)

Renaissance Technologies LLC reduced its holdings in shares of Amentum Holdings, Inc. (NYSE:AMTM - Free Report) by 97.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 11,000 shares of the company's stock after selling 429,500 shares during the quarter. Renaissance Technologies LLC's holdings in Amentum were worth $231,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. CIBC Private Wealth Group LLC raised its position in Amentum by 9.7% in the fourth quarter. CIBC Private Wealth Group LLC now owns 7,639 shares of the company's stock valued at $164,000 after purchasing an additional 675 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of Amentum by 22.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 3,978 shares of the company's stock valued at $84,000 after buying an additional 730 shares during the period. IFP Advisors Inc lifted its stake in shares of Amentum by 119.2% in the 4th quarter. IFP Advisors Inc now owns 1,532 shares of the company's stock valued at $35,000 after purchasing an additional 833 shares during the period. GAMMA Investing LLC lifted its stake in shares of Amentum by 333.1% in the 4th 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. Finally, Huntington National Bank acquired a new stake in Amentum during the fourth quarter worth approximately $30,000. 39.93% of the stock is currently owned by institutional investors.

Amentum Trading Up 2.6%

Amentum stock traded up $0.54 during mid-day trading on Monday, reaching $21.75. The stock had a trading volume of 198,995 shares, compared to its average volume of 2,779,484. 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 fifty-two week low of $16.01 and a fifty-two week high of $34.47. The stock's 50-day simple moving average is $19.14 and its 200-day simple moving average is $21.81.

Amentum (NYSE:AMTM - Get Free Report) last announced its earnings results on Tuesday, May 6th. The company reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.05. The company had revenue of $3.49 billion for the quarter, compared to analysts' expectations of $3.44 billion. Equities research analysts forecast 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 business's stock in a transaction on Tuesday, February 18th. The shares were acquired at an average price of $21.23 per share, with a total value of $97,658.00. Following the completion of the transaction, 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 acquisition was disclosed in a document filed with the SEC, 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 stock was acquired at an average cost of $20.81 per share, for a total transaction of $2,081,000.00. Following the transaction, the insider now owns 620,893 shares of the company's stock, valued at approximately $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.

Analyst Ratings Changes

AMTM has been the subject of several recent analyst reports. 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. Citizens Jmp initiated coverage on Amentum in a research note on Monday. They set an "outperform" rating and a $30.00 target price for the company. Morgan Stanley initiated 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. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $24.00 target price on shares of Amentum in a research note on Thursday, February 6th. Finally, Cantor Fitzgerald raised Amentum to a "hold" rating in a research note on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $25.38.

Amentum 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.