Alpine Global Management LLC Invests $526,000 in Amentum Holdings, Inc. (NYSE:AMTM)

Alpine Global Management LLC purchased a new position in Amentum Holdings, Inc. (NYSE:AMTM - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 25,000 shares of the company's stock, valued at approximately $526,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in Amentum by 18.0% in the fourth quarter. Vanguard Group Inc. now owns 16,542,447 shares of the company's stock valued at $347,888,000 after purchasing an additional 2,529,173 shares during the last quarter. Kovitz Investment Group Partners LLC boosted its stake in shares of Amentum by 10,851.5% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 14,787,345 shares of the company's stock worth $310,978,000 after acquiring an additional 14,652,319 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Amentum by 77.6% during the 4th quarter. Invesco Ltd. now owns 13,856,239 shares of the company's stock worth $291,397,000 after acquiring an additional 6,055,638 shares in the last quarter. Primecap Management Co. CA boosted its stake in shares of Amentum by 21.7% during the 4th quarter. Primecap Management Co. CA now owns 6,414,379 shares of the company's stock worth $134,894,000 after acquiring an additional 1,143,097 shares in the last quarter. Finally, Cooper Creek Partners Management LLC boosted its stake in shares of Amentum by 396.3% during the 4th quarter. Cooper Creek Partners Management LLC now owns 4,157,034 shares of the company's stock worth $87,422,000 after acquiring an additional 3,319,364 shares in the last quarter. 39.93% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

AMTM has been the topic of several recent analyst reports. Cantor Fitzgerald raised shares of Amentum to a "hold" rating in a research note on Tuesday, February 25th. Morgan Stanley initiated coverage on Amentum in a research note on Wednesday, April 16th. They set an "underweight" rating and a $19.00 price objective for the company. Royal Bank of Canada set a $24.00 target price on Amentum and gave the company a "sector perform" rating in a report on Wednesday, May 21st. BTIG Research initiated coverage on Amentum in a report on Tuesday, April 15th. They set a "buy" rating and a $30.00 target price 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 target price for the company. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $25.38.

Amentum Stock Performance

Shares of NYSE:AMTM traded up $0.72 during midday trading on Tuesday, hitting $21.26. The company had a trading volume of 1,551,852 shares, compared to its average volume of 2,742,675. Amentum Holdings, Inc. has a twelve month low of $16.01 and a twelve month high of $34.47. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.59 and a quick ratio of 1.59. The business's 50-day simple moving average is $19.73 and its 200-day simple moving average is $21.08.

Amentum (NYSE:AMTM - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.05. The business had revenue of $3.49 billion during the quarter, compared to analysts' expectations of $3.44 billion. Analysts anticipate that Amentum Holdings, Inc. will post 2.1 EPS for the current year.

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.