Alpine Global Management LLC Has $1.82 Million Stock Position in Amentum Holdings, Inc. $AMTM

Key Points

• Alpine Global Management LLC increased its stake in Amentum Holdings, Inc. by 300.0% in Q1, acquiring 75,000 additional shares for a total of 100,000 shares worth $1,820,000.
• Several hedge funds have also expanded their holdings in Amentum, with 39.93% of the stock now owned by institutional investors.
• Amentum reported earnings of $0.56 per share for the last quarter, exceeding estimates, while also announcing guidance of 2.050-2.200 EPS for FY 2025.

Alpine Global Management LLC lifted its position in shares of Amentum Holdings, Inc. (NYSE:AMTM - Free Report) by 300.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 100,000 shares of the company's stock after acquiring an additional 75,000 shares during the quarter. Alpine Global Management LLC's holdings in Amentum were worth $1,820,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Ghisallo Capital Management LLC purchased a new stake in shares of Amentum in the first quarter valued at about $11,567,000. Quarry LP purchased a new position in shares of Amentum during the first quarter valued at approximately $30,000. Vident Advisory LLC raised its stake in Amentum by 1,818.7% during the first quarter. Vident Advisory LLC now owns 292,857 shares of the company's stock worth $5,330,000 after purchasing an additional 277,594 shares during the period. Kodai Capital Management LP purchased a new position in Amentum during the first quarter worth approximately $1,193,000. Finally, Carlson Capital L.P. purchased a new position in Amentum during the first quarter worth approximately $510,000. 39.93% of the stock is currently owned by institutional investors and hedge funds.

Amentum Price Performance

Shares of AMTM stock traded down $0.68 during midday trading on Thursday, reaching $24.17. 1,744,059 shares of the company were exchanged, compared to its average volume of 2,185,116. Amentum Holdings, Inc. has a 12 month low of $16.01 and a 12 month high of $34.50. The company has a market cap of $5.88 billion and a P/E ratio of 61.97. The company's 50 day moving average price is $24.78 and its two-hundred day moving average price is $21.72. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.58 and a current ratio of 1.58.

Amentum (NYSE:AMTM - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.03. Amentum had a return on equity of 10.90% and a net margin of 0.41%.The company had revenue of $2.23 billion for the quarter, compared to analysts' expectations of $3.51 billion. The firm'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, sell-side analysts expect that Amentum Holdings, Inc. will post 2.1 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. The Goldman Sachs Group increased their price objective on shares of Amentum from $21.00 to $26.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 13th. Royal Bank Of Canada increased their price objective on shares of Amentum from $24.00 to $26.00 and gave the stock a "sector perform" rating in a research report on Thursday, August 7th. JMP Securities reissued a "market outperform" rating and issued a $30.00 price objective on shares of Amentum in a research report on Monday, August 18th. Citizens Jmp assumed coverage on shares of Amentum in a research report on Monday, May 12th. They issued an "outperform" rating and a $30.00 price objective for the company. Finally, Truist Financial raised their price target on shares of Amentum from $24.00 to $30.00 and gave the company a "buy" rating in a report on Thursday, July 24th. Five 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 company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $27.30.

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.