Centiva Capital LP Invests $2.19 Million in Amentum Holdings, Inc. (NYSE:AMTM)

Centiva Capital LP bought a new stake in shares of Amentum Holdings, Inc. (NYSE:AMTM - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. 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 have also bought and sold shares of the stock. JPMorgan Chase & Co. purchased a new position in Amentum in the third quarter worth $8,739,000. Foundations Investment Advisors LLC purchased a new position in shares of Amentum during the 4th quarter valued at about $409,000. A. D. Beadell Investment Counsel Inc. lifted its position in Amentum by 177.0% in the 4th quarter. A. D. Beadell Investment Counsel Inc. now owns 43,155 shares of the company's stock worth $907,000 after buying an additional 27,575 shares during the last quarter. New York State Common Retirement Fund boosted its stake in Amentum by 382.6% in the fourth quarter. New York State Common Retirement Fund now owns 378,952 shares of the company's stock worth $7,969,000 after buying an additional 300,431 shares in the last quarter. Finally, Yousif Capital Management LLC grew its position in Amentum by 236.8% during the fourth quarter. Yousif Capital Management LLC now owns 48,770 shares of the company's stock valued at $1,026,000 after acquiring an additional 34,291 shares during the last quarter. Hedge funds and other institutional investors own 39.93% of the company's stock.

Amentum Trading Down 0.8%

AMTM traded down $0.17 during trading on Monday, hitting $21.04. The company's stock had a trading volume of 664,298 shares, compared to its average volume of 2,782,964. The business's 50 day simple moving average is $19.14 and its 200-day simple moving average is $21.81. Amentum Holdings, Inc. has a one year low of $16.01 and a one year high of $34.47. 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 (NYSE:AMTM - Get Free Report) last issued its earnings results on Tuesday, May 6th. The company reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.05. The firm had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.44 billion. On average, analysts predict that Amentum Holdings, Inc. will post 2.1 earnings per share for the current year.

Insider Buying and Selling at Amentum

In related news, Director Barbara Loughran acquired 4,600 shares of the 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 transaction, the director now directly owns 4,600 shares in the company, valued at approximately $97,658. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Steven J. Demetriou acquired 100,000 shares of the company's stock in a transaction that occurred on Wednesday, February 12th. The shares were bought 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 $12,920,783.33. This represents a 19.20% increase in their ownership of the stock. The disclosure for this purchase can be found here. 18.67% of the stock is owned by company insiders.

Analysts Set New Price Targets

AMTM has been the topic of a number of recent research reports. 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 price objective on the stock. Citizens Jmp started coverage on shares of Amentum in a research report on Monday. They set an "outperform" rating and a $30.00 price target for the company. Morgan Stanley initiated coverage on shares of Amentum in a research note on Wednesday, April 16th. They set an "underweight" rating and a $19.00 target price for the company. BTIG Research assumed coverage on Amentum in a research note on Tuesday, April 15th. They issued a "buy" rating and a $30.00 price target on the stock. Finally, Royal Bank of Canada reiterated a "sector perform" rating and set a $24.00 price objective on shares of Amentum in a research note on Thursday, February 6th. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Amentum presently has an average rating of "Hold" and a consensus price target of $25.38.

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.