10,437 Shares in Amentum Holdings, Inc. (NYSE:AMTM) Acquired by Lecap Asset Management Ltd.

Lecap Asset Management Ltd. purchased a new stake in Amentum Holdings, Inc. (NYSE:AMTM - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The firm purchased 10,437 shares of the company's stock, valued at approximately $190,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. raised its holdings in Amentum by 66.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,264,257 shares of the company's stock valued at $26,587,000 after acquiring an additional 503,741 shares during the last quarter. IFP Advisors Inc raised its holdings in Amentum by 119.2% in the 4th 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 last quarter. Mutual of America Capital Management LLC acquired a new stake in Amentum in the 4th quarter valued at about $395,000. Rhumbline Advisers raised its holdings in Amentum by 5.1% in the 1st quarter. Rhumbline Advisers now owns 310,103 shares of the company's stock valued at $5,644,000 after acquiring an additional 14,919 shares during the last quarter. Finally, Principal Financial Group Inc. raised its holdings in Amentum by 313.6% in the 4th quarter. Principal Financial Group Inc. now owns 602,049 shares of the company's stock valued at $12,661,000 after acquiring an additional 456,475 shares during the last quarter. 39.93% of the stock is owned by hedge funds and other institutional investors.

Amentum Stock Performance

Shares of NYSE AMTM traded down $0.57 during midday trading on Friday, reaching $23.47. 2,825,030 shares of the stock were exchanged, compared to its average volume of 2,741,018. The company has a 50 day simple moving average of $21.51 and a 200 day simple moving average of $20.65. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 1.01. Amentum Holdings, Inc. has a twelve month low of $16.01 and a twelve month high of $34.47.

Amentum (NYSE:AMTM - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.53 earnings per share for the quarter, topping analysts' consensus estimates of $0.48 by $0.05. The company had revenue of $3.49 billion for the quarter, compared to analysts' expectations of $3.44 billion. As a group, sell-side analysts forecast that Amentum Holdings, Inc. will post 2.1 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. BTIG Research assumed coverage on shares of Amentum in a report on Tuesday, April 15th. They issued a "buy" rating and a $30.00 price objective for the company. Royal Bank Of Canada set a $24.00 price objective on shares of Amentum and gave the company a "sector perform" rating in a report on Wednesday, May 21st. The Goldman Sachs Group started coverage on shares of Amentum in a report on Thursday, March 20th. They set a "neutral" rating and a $21.00 price target for the company. Morgan Stanley started coverage on shares of Amentum in a report on Wednesday, April 16th. They set an "underweight" rating and a $19.00 price target for the company. Finally, Truist Financial cut their price target on shares of Amentum from $31.00 to $24.00 and set a "buy" rating for the company in a report on Monday, April 14th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Amentum presently has an average 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.