Lecap Asset Management Ltd. Acquires Shares of 10,437 Amentum Holdings, Inc. (NYSE:AMTM)

Lecap Asset Management Ltd. bought a new position in shares of Amentum Holdings, Inc. (NYSE:AMTM - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 10,437 shares of the company's stock, valued at approximately $190,000.

Several other hedge funds have also recently bought and sold shares of AMTM. Huntington National Bank acquired a new position in Amentum during the 4th quarter worth $30,000. IFP Advisors Inc boosted its position in shares of Amentum by 119.2% in the fourth quarter. IFP Advisors Inc now owns 1,532 shares of the company's stock valued at $35,000 after acquiring an additional 833 shares during the period. Horizon Investments LLC acquired a new stake in shares of Amentum in the fourth quarter worth $36,000. National Bank of Canada FI grew its stake in shares of Amentum by 31,328.6% in the fourth quarter. National Bank of Canada FI now owns 2,200 shares of the company's stock worth $46,000 after acquiring an additional 2,193 shares during the last quarter. Finally, FNY Investment Advisers LLC increased its position in Amentum by 380.0% during the first quarter. FNY Investment Advisers LLC now owns 2,400 shares of the company's stock worth $43,000 after acquiring an additional 1,900 shares during the period. 39.93% of the stock is owned by institutional investors and hedge funds.

Amentum Price Performance

Shares of AMTM traded up $0.16 during mid-day trading on Monday, hitting $23.61. 1,343,341 shares of the company traded hands, compared to its average volume of 2,733,548. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.56 and a quick ratio of 1.56. The business has a 50-day moving average of $21.70 and a 200 day moving average of $20.61. Amentum Holdings, Inc. has a one year low of $16.01 and a one year high of $34.47.

Amentum (NYSE:AMTM - Get Free Report) last released its earnings results on Tuesday, May 6th. The company reported $0.53 EPS for the quarter, beating the consensus estimate of $0.48 by $0.05. The firm had revenue of $3.49 billion during the quarter, compared to analyst estimates of $3.44 billion. As a group, analysts expect that Amentum Holdings, Inc. will post 2.1 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Royal Bank Of Canada set a $24.00 price target on shares of Amentum and gave the company a "sector perform" rating in a report on Wednesday, May 21st. Bank of America began coverage on Amentum in a research report on Tuesday, June 10th. They set a "neutral" rating and a $24.00 target price on the stock. Truist Financial lowered their price target on Amentum from $31.00 to $24.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Morgan Stanley initiated coverage on Amentum in a research report on Wednesday, April 16th. They issued an "underweight" rating and a $19.00 price objective for the company. Finally, Citizens Jmp initiated coverage on Amentum in a report on Monday, May 12th. They set an "outperform" rating and a $30.00 price objective on the stock. One analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $25.22.

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.