Sterling Capital Management LLC Has $157,000 Stock Holdings in Amentum Holdings, Inc. (NYSE:AMTM)

Sterling Capital Management LLC lowered its holdings in Amentum Holdings, Inc. (NYSE:AMTM - Free Report) by 92.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,475 shares of the company's stock after selling 85,755 shares during the period. Sterling Capital Management LLC's holdings in Amentum were worth $157,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Paralel Advisors LLC lifted its position in shares of Amentum by 10.0% during the fourth quarter. Paralel Advisors LLC now owns 16,329 shares of the company's stock worth $343,000 after purchasing an additional 1,480 shares during the last quarter. Kennedy Capital Management LLC bought a new position in Amentum during the fourth quarter worth $325,000. Treasurer of the State of North Carolina raised its holdings in shares of Amentum by 4.8% during the fourth quarter. Treasurer of the State of North Carolina now owns 57,093 shares of the company's stock worth $1,201,000 after purchasing an additional 2,620 shares during the period. Phoenix Financial Ltd. bought a new position in shares of Amentum in the 4th quarter worth about $398,000. Finally, CenterBook Partners LP bought a new position in shares of Amentum in the 4th quarter worth about $1,500,000. 39.93% of the stock is currently owned by hedge funds and other institutional investors.

Amentum Stock Performance

Shares of NYSE AMTM traded up $0.20 during mid-day trading on Friday, reaching $21.88. 2,411,450 shares of the company traded hands, 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. Amentum Holdings, Inc. has a fifty-two week low of $16.01 and a fifty-two week high of $34.47. The stock has a fifty day simple moving average of $18.76 and a 200-day simple moving average of $22.24.

Amentum (NYSE:AMTM - Get Free Report) last posted its quarterly earnings data 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 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on AMTM. Cantor Fitzgerald raised shares of Amentum to a "hold" rating in a report on Tuesday, February 25th. Truist Financial lowered their price objective on Amentum from $31.00 to $24.00 and set a "buy" rating for the company in a research note on Monday, April 14th. BTIG Research assumed coverage on Amentum in a research note on Tuesday, April 15th. They issued a "buy" rating and a $30.00 target price on the stock. Morgan Stanley started coverage on shares of Amentum in a report on Wednesday, April 16th. They issued an "underweight" rating and a $19.00 price objective on the stock. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and set a $24.00 price target on shares of Amentum in a report on Thursday, February 6th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $24.71.

Insider Buying and Selling at Amentum

In related news, Director Barbara Loughran bought 4,600 shares of Amentum stock in a transaction dated Tuesday, February 18th. The stock was acquired 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 directly owns 4,600 shares in the company, valued at approximately $97,658. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Steven J. Demetriou purchased 100,000 shares of the company's stock in a transaction that occurred on Wednesday, February 12th. The stock was bought at an average cost of $20.81 per share, for a total transaction of $2,081,000.00. Following the purchase, the insider now directly owns 620,893 shares in the company, valued at $12,920,783.33. This represents a 19.20 % increase in their position. The disclosure for this purchase can be found here. 18.67% of the stock is owned by corporate insiders.

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.