Amentum Holdings, Inc. (NYSE:AMTM) Shares Sold by Ameriprise Financial Inc.

Ameriprise Financial Inc. lessened its position in Amentum Holdings, Inc. (NYSE:AMTM - Free Report) by 13.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 359,227 shares of the company's stock after selling 53,806 shares during the quarter. Ameriprise Financial Inc. owned about 0.15% of Amentum worth $7,555,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Amentum by 18.0% in the fourth 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 in the last quarter. Kovitz Investment Group Partners LLC lifted 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 worth $310,978,000 after buying an additional 14,652,319 shares in the last quarter. Invesco Ltd. lifted its position in Amentum by 77.6% during the fourth quarter. Invesco Ltd. now owns 13,856,239 shares of the company's stock worth $291,397,000 after buying an additional 6,055,638 shares in the last quarter. Primecap Management Co. CA lifted its position in Amentum by 21.7% during the fourth quarter. Primecap Management Co. CA now owns 6,414,379 shares of the company's stock worth $134,894,000 after buying an additional 1,143,097 shares in the last quarter. Finally, Cooper Creek Partners Management LLC lifted its position in Amentum by 396.3% during the fourth 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 in the last quarter. Hedge funds and other institutional investors own 39.93% of the company's stock.

Amentum Trading Up 3.5%

Shares of NYSE AMTM traded up $0.72 during trading on Tuesday, reaching $21.26. The stock had a trading volume of 1,552,449 shares, compared to its average volume of 2,742,679. 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. The business's 50-day moving average price is $19.79 and its 200-day moving average price is $21.08.

Amentum (NYSE:AMTM - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $3.49 billion during the quarter, compared to analyst estimates of $3.44 billion. As a group, analysts forecast that Amentum Holdings, Inc. will post 2.1 earnings per share for the current year.

Analyst Upgrades and Downgrades

AMTM has been the topic of a number of analyst reports. Citizens Jmp initiated coverage on Amentum in a research report on Monday, May 12th. They set an "outperform" rating and a $30.00 price objective on the stock. Truist Financial reduced their target price on Amentum from $31.00 to $24.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. The Goldman Sachs Group began coverage on Amentum in a research report on Thursday, March 20th. They issued a "neutral" rating and a $21.00 target price on the stock. Cantor Fitzgerald upgraded Amentum to a "hold" rating in a research report on Tuesday, February 25th. Finally, Royal Bank of Canada set a $24.00 target price on Amentum and gave the company a "sector perform" rating in a research report on Wednesday, May 21st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus 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.