Telos Capital Management Inc. Sells 10,858 Shares of Amentum Holdings, Inc. (NYSE:AMTM)

Telos Capital Management Inc. lowered its stake in Amentum Holdings, Inc. (NYSE:AMTM - Free Report) by 4.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 256,178 shares of the company's stock after selling 10,858 shares during the quarter. Telos Capital Management Inc. owned approximately 0.11% of Amentum worth $4,662,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the business. CIBC Private Wealth Group LLC boosted its holdings in shares of Amentum by 9.7% during the 4th quarter. CIBC Private Wealth Group LLC now owns 7,639 shares of the company's stock worth $164,000 after buying an additional 675 shares during the period. EverSource Wealth Advisors LLC grew its position in Amentum by 22.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 3,978 shares of the company's stock worth $84,000 after purchasing an additional 730 shares during the last quarter. State of Wyoming increased its holdings in shares of Amentum by 43.3% during the 4th quarter. State of Wyoming now owns 2,756 shares of the company's stock worth $58,000 after purchasing an additional 833 shares during the period. KBC Group NV raised its position in shares of Amentum by 14.3% during the first quarter. KBC Group NV now owns 7,339 shares of the company's stock valued at $134,000 after buying an additional 918 shares during the last quarter. Finally, North Growth Management Ltd. lifted its stake in shares of Amentum by 1.1% in the first quarter. North Growth Management Ltd. now owns 92,000 shares of the company's stock valued at $1,669,000 after buying an additional 1,000 shares during the period. Institutional investors and hedge funds own 39.93% of the company's stock.

Analyst Ratings Changes

Several brokerages recently issued reports on AMTM. Royal Bank Of Canada set a $24.00 price target on Amentum and gave the company a "sector perform" rating in a research note on Wednesday, May 21st. Bank of America started coverage on Amentum in a research report on Tuesday, June 10th. They set a "neutral" rating and a $24.00 price objective on the stock. BTIG Research began coverage on Amentum in a research report on Tuesday, April 15th. They issued a "buy" rating and a $30.00 target price for the company. Citizens Jmp assumed coverage on shares of Amentum in a report on Monday, May 12th. They issued an "outperform" rating and a $30.00 price target on the stock. Finally, Truist Financial lowered their target price on shares of Amentum from $31.00 to $24.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Amentum currently has a consensus rating of "Hold" and an average price target of $25.22.

Amentum Stock Performance

Shares of AMTM stock traded down $0.34 during trading hours on Friday, hitting $23.68. 1,426,049 shares of the company's stock were exchanged, compared to its average volume of 2,676,313. Amentum Holdings, Inc. has a 52 week low of $16.01 and a 52 week high of $34.47. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.56 and a quick ratio of 1.56. The stock's 50-day moving average is $22.21 and its 200-day moving average is $20.84.

Amentum (NYSE:AMTM - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.05. The company had revenue of $3.49 billion during the quarter, compared to analyst estimates of $3.44 billion. Research 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.