Ghisallo Capital Management LLC Purchases Shares of 635,569 Amentum Holdings, Inc. $AMTM

Key Points

• Ghisallo Capital Management LLC purchased 635,569 shares of Amentum Holdings, Inc. for approximately $11.57 million, making Amentum 1.0% of its portfolio.
• Amentum has a market capitalization of $6.07 billion and reported a quarterly revenue of $2.23 billion, which was significantly below analysts' estimates of $3.51 billion.
• Research analysts have set an average target price of $27.30 for Amentum, with five analysts giving the stock a Buy rating and one rating it as a Sell.

Ghisallo Capital Management LLC bought a new position in Amentum Holdings, Inc. (NYSE:AMTM - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 635,569 shares of the company's stock, valued at approximately $11,567,000. Amentum makes up about 1.0% of Ghisallo Capital Management LLC's investment portfolio, making the stock its 26th largest holding. Ghisallo Capital Management LLC owned 0.26% of Amentum at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in AMTM. Quarry LP acquired a new stake in Amentum during the first quarter worth approximately $30,000. Signaturefd LLC grew its stake in Amentum by 108.0% during the first quarter. Signaturefd LLC now owns 1,764 shares of the company's stock worth $32,000 after purchasing an additional 916 shares during the period. FNY Investment Advisers LLC grew its stake 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 purchasing an additional 1,900 shares during the period. GAMMA Investing LLC boosted its holdings in Amentum by 78.8% in the first quarter. GAMMA Investing LLC now owns 3,137 shares of the company's stock worth $57,000 after acquiring an additional 1,383 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. boosted its holdings in Amentum by 382.1% in the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,748 shares of the company's stock worth $58,000 after acquiring an additional 2,178 shares in the last quarter. Institutional investors and hedge funds own 39.93% of the company's stock.

Amentum Stock Performance

NYSE:AMTM traded down $0.18 during trading hours on Wednesday, reaching $24.80. The stock had a trading volume of 1,096,538 shares, compared to its average volume of 1,402,897. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.58 and a current ratio of 1.58. The stock has a 50 day simple moving average of $24.78 and a 200 day simple moving average of $21.72. Amentum Holdings, Inc. has a 12-month low of $16.01 and a 12-month high of $34.50. The stock has a market cap of $6.04 billion and a P/E ratio of 12.17.

Amentum (NYSE:AMTM - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.03. The company had revenue of $2.23 billion during the quarter, compared to analysts' expectations of $3.51 billion. Amentum had a return on equity of 10.90% and a net margin of 0.41%.Amentum's revenue for the quarter was up 66.2% on a year-over-year basis. Amentum has set its FY 2025 guidance at 2.050-2.200 EPS. On average, research analysts forecast that Amentum Holdings, Inc. will post 2.1 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have issued reports on AMTM. Raymond James Financial reiterated an "outperform" rating and issued a $30.00 price target on shares of Amentum in a report on Monday, August 18th. Citizens Jmp started coverage on Amentum in a report on Monday, May 12th. They issued an "outperform" rating and a $30.00 price target on the stock. Royal Bank Of Canada raised their target price on Amentum from $24.00 to $26.00 and gave the company a "sector perform" rating in a report on Thursday, August 7th. JMP Securities restated a "market outperform" rating and issued a $30.00 target price on shares of Amentum in a report on Monday, August 18th. Finally, Bank of America increased their price target on Amentum from $26.00 to $27.00 and gave the company a "neutral" rating in a research report on Wednesday, August 13th. Five equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $27.30.

About Amentum

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.