D. E. Shaw & Co. Inc. increased its holdings in shares of Amentum Holdings, Inc. (NYSE:AMTM - Free Report) by 38.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 119,936 shares of the company's stock after purchasing an additional 33,546 shares during the quarter. D. E. Shaw & Co. Inc.'s holdings in Amentum were worth $2,522,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. CIBC Private Wealth Group LLC boosted its stake in shares of Amentum by 9.7% in the 4th quarter. CIBC Private Wealth Group LLC now owns 7,639 shares of the company's stock valued at $164,000 after buying an additional 675 shares during the period. EverSource Wealth Advisors LLC raised its holdings in Amentum by 22.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 3,978 shares of the company's stock worth $84,000 after purchasing an additional 730 shares in the last quarter. IFP Advisors Inc raised its holdings in Amentum by 119.2% during the fourth quarter. IFP Advisors Inc now owns 1,532 shares of the company's stock worth $35,000 after purchasing an additional 833 shares in the last quarter. Huntington National Bank purchased a new position in shares of Amentum during the fourth quarter worth about $30,000. Finally, Captrust Financial Advisors increased its position in shares of Amentum by 5.9% during the fourth quarter. Captrust Financial Advisors now owns 25,856 shares of the company's stock worth $544,000 after purchasing an additional 1,445 shares in the last quarter. 39.93% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of research firms recently issued reports on AMTM. The Goldman Sachs Group assumed coverage on Amentum in a research note on Thursday, March 20th. They set a "neutral" rating and a $21.00 price target on the stock. BTIG Research initiated coverage on Amentum in a research report on Tuesday, April 15th. They set a "buy" rating and a $30.00 price target on the stock. Cantor Fitzgerald raised Amentum to a "hold" rating in a report on Tuesday, February 25th. Truist Financial dropped their target price on Amentum from $31.00 to $24.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Finally, Morgan Stanley initiated coverage on Amentum in a report on Wednesday, April 16th. They issued an "underweight" rating and a $19.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Amentum presently has an average rating of "Hold" and an average target price of $25.38.
Get Our Latest Stock Report on AMTM
Amentum Trading Down 3.0%
Shares of NYSE:AMTM traded down $0.65 during trading on Friday, reaching $20.56. The company had a trading volume of 1,351,454 shares, compared to its average volume of 2,749,981. The stock's fifty day moving average price is $19.70 and its 200 day moving average price is $21.17. Amentum Holdings, Inc. has a fifty-two week low of $16.01 and a fifty-two week high of $34.47. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 1.02.
Amentum (NYSE:AMTM - Get Free Report) last announced 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 business had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.44 billion. Analysts anticipate that Amentum Holdings, Inc. will post 2.1 earnings per share for the current year.
Amentum Profile
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Free Report)
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.
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