Centiva Capital LP Buys Shares of 104,140 Amentum Holdings, Inc. (NYSE:AMTM)

Centiva Capital LP bought a new position in Amentum Holdings, Inc. (NYSE:AMTM - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 104,140 shares of the company's stock, valued at approximately $2,190,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AMTM. Barclays PLC purchased a new stake in shares of Amentum during the 3rd quarter worth approximately $5,153,000. Tidal Investments LLC bought a new stake in Amentum in the third quarter worth $768,000. Retirement Systems of Alabama purchased a new stake in Amentum during the third quarter valued at $881,000. JPMorgan Chase & Co. bought a new position in Amentum during the third quarter valued at $8,739,000. Finally, GAMMA Investing LLC grew 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 worth $37,000 after buying an additional 1,349 shares in the last quarter. 39.93% of the stock is owned by institutional investors.

Amentum Stock Performance

Shares of NYSE:AMTM traded down $0.19 on Friday, hitting $21.12. 1,760,610 shares of the company's stock were exchanged, compared to its average volume of 2,796,011. The business's 50 day simple moving average is $19.14 and its two-hundred day simple moving average is $21.92. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 1.02. Amentum Holdings, Inc. has a 12 month low of $16.01 and a 12 month high of $34.47.

Amentum (NYSE:AMTM - Get Free Report) last released its quarterly earnings data 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 during the quarter, compared to analysts' expectations of $3.44 billion. Research analysts anticipate that Amentum Holdings, Inc. will post 2.1 earnings per share for the current fiscal year.

Analyst Ratings Changes

AMTM has been the subject of a number of analyst reports. Cantor Fitzgerald raised shares of Amentum to a "hold" rating in a report on Tuesday, February 25th. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $24.00 price objective on shares of Amentum in a research note on Thursday, February 6th. Truist Financial cut their target price on Amentum from $31.00 to $24.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. The Goldman Sachs Group started coverage on Amentum in a research report on Thursday, March 20th. They issued a "neutral" rating and a $21.00 price target for the company. Finally, Morgan Stanley started coverage on shares of Amentum in a research report on Wednesday, April 16th. They set an "underweight" rating and a $19.00 price objective on the stock. One equities research 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 data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $24.71.

Insider Buying and Selling

In other Amentum news, insider Steven J. Demetriou purchased 100,000 shares of the stock in a transaction dated Wednesday, February 12th. The stock was 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 of the company's stock, valued at approximately $12,920,783.33. This trade represents a 19.20 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Barbara Loughran acquired 4,600 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The shares were acquired at an average cost of $21.23 per share, for a total transaction of $97,658.00. Following the completion of the acquisition, 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 disclosure for this purchase can be found here. 18.67% of the stock is owned by insiders.

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.