Dimensional Fund Advisors LP Reduces Position in Amentum Holdings, Inc. (NYSE:AMTM)

Dimensional Fund Advisors LP cut its holdings in Amentum Holdings, Inc. (NYSE:AMTM - Free Report) by 8.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,154,130 shares of the company's stock after selling 105,218 shares during the quarter. Dimensional Fund Advisors LP owned about 0.47% of Amentum worth $24,284,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Avenir Corp acquired a new stake in shares of Amentum in the fourth quarter worth $4,069,000. Keeley Teton Advisors LLC acquired a new stake in shares of Amentum in the fourth quarter worth $373,000. XTX Topco Ltd lifted its stake in shares of Amentum by 1,118.4% in the fourth quarter. XTX Topco Ltd now owns 90,065 shares of the company's stock worth $1,894,000 after buying an additional 82,673 shares during the last quarter. Barclays PLC lifted its stake in shares of Amentum by 6.2% in the fourth quarter. Barclays PLC now owns 169,651 shares of the company's stock worth $3,568,000 after buying an additional 9,838 shares during the last quarter. Finally, Cooper Creek Partners Management LLC lifted its stake in shares of Amentum by 396.3% in the fourth quarter. Cooper Creek Partners Management LLC now owns 4,157,034 shares of the company's stock worth $87,422,000 after buying an additional 3,319,364 shares during the last quarter. 39.93% of the stock is currently owned by institutional investors and hedge funds.

Amentum Stock Performance

Shares of AMTM stock traded up $0.54 on Monday, reaching $21.75. The company had a trading volume of 198,995 shares, compared to its average volume of 2,779,484. 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 one year low of $16.01 and a one year high of $34.47. The business's 50-day moving average is $19.14 and its 200 day moving average is $21.81.

Amentum (NYSE:AMTM - Get Free Report) last released its quarterly 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 for the quarter, compared to the consensus estimate of $3.44 billion. Equities analysts predict that Amentum Holdings, Inc. will post 2.1 EPS for the current year.

Analyst Upgrades and Downgrades

AMTM has been the topic of a number of research reports. Morgan Stanley assumed coverage on shares of Amentum in a research report on Wednesday, April 16th. They set an "underweight" rating and a $19.00 target price on the stock. Truist Financial decreased their price objective on shares of Amentum from $31.00 to $24.00 and set a "buy" rating on the stock in a report on Monday, April 14th. BTIG Research initiated 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. The Goldman Sachs Group initiated coverage on shares of Amentum in a research note on Thursday, March 20th. They set a "neutral" rating and a $21.00 price objective on the stock. Finally, Cantor Fitzgerald raised shares of Amentum to a "hold" rating in a research note on Tuesday, February 25th. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $25.38.

Insiders Place Their Bets

In related news, Director Barbara Loughran purchased 4,600 shares of the firm's stock in a transaction dated Tuesday, February 18th. The shares were purchased at an average cost of $21.23 per share, for a total transaction of $97,658.00. Following the completion of the transaction, the director now directly owns 4,600 shares in the company, valued at approximately $97,658. This represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Steven J. Demetriou purchased 100,000 shares of the firm's stock in a transaction dated 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 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 disclosure for this purchase can be found here. Insiders own 18.67% of the company's stock.

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.