ProShare Advisors LLC Raises Position in Amentum Holdings, Inc. (NYSE:AMTM)

ProShare Advisors LLC grew its holdings in shares of Amentum Holdings, Inc. (NYSE:AMTM - Free Report) by 81.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 31,054 shares of the company's stock after purchasing an additional 13,932 shares during the quarter. ProShare Advisors LLC's holdings in Amentum were worth $653,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Kovitz Investment Group Partners LLC increased its holdings in shares of Amentum by 10,851.5% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 14,787,345 shares of the company's stock worth $310,978,000 after purchasing an additional 14,652,319 shares during the period. Invesco Ltd. increased its stake in 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 acquiring an additional 6,055,638 shares during the last quarter. Cooper Creek Partners Management LLC raised its holdings in shares of Amentum by 396.3% in the 4th quarter. Cooper Creek Partners Management LLC now owns 4,157,034 shares of the company's stock valued at $87,422,000 after acquiring an additional 3,319,364 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Amentum by 18.0% during the 4th quarter. Vanguard Group Inc. now owns 16,542,447 shares of the company's stock valued at $347,888,000 after acquiring an additional 2,529,173 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC boosted its holdings in shares of Amentum by 469.4% during the fourth quarter. Thompson Siegel & Walmsley LLC now owns 1,948,684 shares of the company's stock worth $40,981,000 after purchasing an additional 1,606,442 shares during the period. Institutional investors own 39.93% of the company's stock.

Amentum Price Performance

Shares of Amentum stock traded down $0.08 during trading on Friday, hitting $20.28. The company's stock had a trading volume of 260,645 shares, compared to its average volume of 2,714,002. Amentum Holdings, Inc. has a 52 week low of $16.01 and a 52 week high of $34.47. The company has a fifty day simple moving average of $19.87 and a two-hundred day simple moving average of $21.00. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 1.02.

Amentum (NYSE:AMTM - Get Free Report) last announced its earnings results on Tuesday, May 6th. The company reported $0.53 earnings per share for the quarter, beating analysts' consensus estimates of $0.48 by $0.05. The business had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $3.44 billion. On average, equities research analysts forecast that Amentum Holdings, Inc. will post 2.1 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on AMTM shares. Royal Bank of Canada set a $24.00 price target on Amentum and gave the company a "sector perform" rating in a research report on Wednesday, May 21st. The Goldman Sachs Group assumed 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. Cantor Fitzgerald upgraded shares of Amentum to a "hold" rating in a report on Tuesday, February 25th. Truist Financial decreased their price objective on shares of Amentum from $31.00 to $24.00 and set a "buy" rating for the company in a report on Monday, April 14th. Finally, BTIG Research began coverage on shares of Amentum in a research note on Tuesday, April 15th. They set a "buy" rating and a $30.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $25.38.

Amentum 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.