Ancora Advisors LLC Grows Stake in Amentum Holdings, Inc. $AMTM

Key Points

• Ancora Advisors LLC significantly increased its stake in Amentum Holdings, acquiring an additional 68,705 shares, bringing its total holdings to 68,770 shares, valued at approximately $1.25 million.
• Research analysts have given Amentum a mostly positive outlook, with five analysts rating it as a "Buy" and a consensus price target of $27.30.
• Amentum reported quarterly earnings of $0.56 per share, exceeding expectations, and noted a revenue increase of 66.2% year-over-year despite a total revenue of $2.23 billion falling short of forecasts.

Ancora Advisors LLC lifted its stake in shares of Amentum Holdings, Inc. (NYSE:AMTM - Free Report) by 105,700.0% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 68,770 shares of the company's stock after acquiring an additional 68,705 shares during the period. Ancora Advisors LLC's holdings in Amentum were worth $1,252,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Quarry LP purchased a new position in Amentum during the first quarter worth about $30,000. Signaturefd LLC raised its position in shares of Amentum by 108.0% during the 1st quarter. Signaturefd LLC now owns 1,764 shares of the company's stock valued at $32,000 after buying an additional 916 shares during the period. FNY Investment Advisers LLC raised its position in shares of Amentum by 380.0% during the 1st quarter. FNY Investment Advisers LLC now owns 2,400 shares of the company's stock valued at $43,000 after buying an additional 1,900 shares during the period. GAMMA Investing LLC raised its position in shares of Amentum by 78.8% during the 1st quarter. GAMMA Investing LLC now owns 3,137 shares of the company's stock valued at $57,000 after buying an additional 1,383 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. raised its position in Amentum by 382.1% in the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,748 shares of the company's stock valued at $58,000 after purchasing an additional 2,178 shares during the period. 39.93% of the stock is owned by hedge funds and other institutional investors.

Amentum Stock Up 0.9%

AMTM traded up $0.22 during trading hours on Wednesday, hitting $23.93. 176,383 shares of the company's stock were exchanged, compared to its average volume of 2,160,681. Amentum Holdings, Inc. has a 12-month low of $16.01 and a 12-month high of $34.50. The firm has a 50 day moving average of $24.80 and a 200 day moving average of $21.82. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 0.97. The firm has a market cap of $5.82 billion and a P/E ratio of 61.36.

Amentum (NYSE:AMTM - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $0.56 earnings per share for the quarter, topping analysts' consensus estimates of $0.53 by $0.03. Amentum had a return on equity of 10.90% and a net margin of 0.41%.The business had revenue of $2.23 billion for the quarter, compared to analyst estimates of $3.51 billion. The business's quarterly revenue was up 66.2% compared to the same quarter last year. Amentum has set its FY 2025 guidance at 2.050-2.200 EPS. Analysts predict that Amentum Holdings, Inc. will post 2.1 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. The Goldman Sachs Group lifted their target price on Amentum from $21.00 to $26.00 and gave the company a "neutral" rating in a research report on Wednesday, August 13th. Truist Financial boosted their price objective on shares of Amentum from $24.00 to $30.00 and gave the company a "buy" rating in a report on Thursday, July 24th. Raymond James Financial restated an "outperform" rating and issued a $30.00 price objective on shares of Amentum in a report on Monday, August 18th. Bank of America boosted their price target on shares of Amentum from $26.00 to $27.00 and gave the company a "neutral" rating in a research note on Wednesday, August 13th. Finally, JMP Securities reissued a "market outperform" rating and issued a $30.00 price target on shares of Amentum in a research note on Monday, August 18th. Five equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, Amentum presently has an average rating of "Hold" and an average price target of $27.30.

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.