Country Club Bank raised its holdings in shares of Amentum Holdings, Inc. (NYSE:AMTM - Free Report) by 187.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 93,752 shares of the company's stock after purchasing an additional 61,158 shares during the quarter. Country Club Bank's holdings in Amentum were worth $1,694,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also added to or reduced their stakes in the company. Kovitz Investment Group Partners LLC grew its position in Amentum by 10,851.5% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 14,787,345 shares of the company's stock valued at $310,978,000 after acquiring an additional 14,652,319 shares during the last quarter. Invesco Ltd. raised its position in shares of Amentum by 77.6% in the 4th quarter. Invesco Ltd. now owns 13,856,239 shares of the company's stock worth $291,397,000 after purchasing an additional 6,055,638 shares during the last quarter. Cooper Creek Partners Management LLC raised its position in Amentum by 396.3% in the 4th quarter. Cooper Creek Partners Management LLC now owns 4,157,034 shares of the company's stock worth $87,422,000 after buying an additional 3,319,364 shares during the last quarter. Vanguard Group Inc. raised its position in Amentum by 18.0% in the 4th quarter. Vanguard Group Inc. now owns 16,542,447 shares of the company's stock worth $347,888,000 after buying an additional 2,529,173 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Amentum during the 4th quarter valued at about $30,286,000. 39.93% of the stock is owned by hedge funds and other institutional investors.
Amentum Stock Down 1.6%
Amentum stock traded down $0.38 during midday trading on Tuesday, reaching $23.79. The company's stock had a trading volume of 1,846,691 shares, compared to its average volume of 2,665,402. The stock's 50-day simple moving average is $22.21 and its 200-day simple moving average is $20.84. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 1.01. Amentum Holdings, Inc. has a 52-week low of $16.01 and a 52-week high of $34.47.
Amentum (NYSE:AMTM - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.05. The firm had revenue of $3.49 billion during the quarter, compared to analysts' expectations of $3.44 billion. As a group, equities analysts anticipate that Amentum Holdings, Inc. will post 2.1 EPS for the current fiscal year.
Analyst Ratings Changes
Several research analysts have weighed in on the company. Bank of America assumed coverage on Amentum in a research note on Tuesday, June 10th. They issued a "neutral" rating and a $24.00 price target for the company. The Goldman Sachs Group started coverage on Amentum in a research note on Thursday, March 20th. They issued a "neutral" rating and a $21.00 price target for the company. Truist Financial decreased their price objective on Amentum from $31.00 to $24.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Citizens Jmp started coverage on Amentum in a report on Monday, May 12th. They set an "outperform" rating and a $30.00 price objective on the stock. Finally, Morgan Stanley started coverage on Amentum in a report on Wednesday, April 16th. They set an "underweight" rating and a $19.00 price objective on the stock. One equities 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's stock. According to MarketBeat, Amentum presently has a consensus rating of "Hold" and an average target price of $25.22.
View Our Latest Research Report on Amentum
Amentum Company 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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