CenterBook Partners LP Buys 343,268 Shares of Amentum Holdings, Inc. (NYSE:AMTM)

Key Points

• CenterBook Partners LP significantly increased its investment in Amentum Holdings, Inc. by purchasing 343,268 shares, raising its total to 414,574 shares, valued at approximately $7.5 million.
• Amentum's stock price has risen by 1.5% recently, with shares opening at $25.70 and the company holding a market capitalization of $6.25 billion.
• Analyst ratings for Amentum are mixed, with a consensus average rating of "Hold" and various price targets ranging from $24.00 to $30.00 among different research firms.

CenterBook Partners LP boosted its position in Amentum Holdings, Inc. (NYSE:AMTM - Free Report) by 481.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 414,574 shares of the company's stock after buying an additional 343,268 shares during the period. CenterBook Partners LP owned approximately 0.17% of Amentum worth $7,545,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in AMTM. Principal Financial Group Inc. boosted its holdings in Amentum by 18.3% during the first quarter. Principal Financial Group Inc. now owns 712,172 shares of the company's stock worth $12,962,000 after purchasing an additional 110,123 shares during the last quarter. Amalgamated Bank lifted its holdings in Amentum by 12.3% during the first quarter. Amalgamated Bank now owns 43,366 shares of the company's stock worth $789,000 after acquiring an additional 4,756 shares during the period. KBC Group NV boosted its position in Amentum by 14.3% in the first quarter. KBC Group NV now owns 7,339 shares of the company's stock worth $134,000 after purchasing an additional 918 shares during the last quarter. Janney Montgomery Scott LLC bought a new position in Amentum in the 1st quarter valued at $615,000. Finally, New York State Teachers Retirement System increased its position in shares of Amentum by 11.6% during the 1st quarter. New York State Teachers Retirement System now owns 138,486 shares of the company's stock valued at $2,520,000 after purchasing an additional 14,364 shares during the last quarter. 39.93% of the stock is owned by institutional investors and hedge funds.

Amentum Stock Up 1.5%

Shares of NYSE:AMTM opened at $25.70 on Thursday. The firm has a market capitalization of $6.25 billion and a P/E ratio of 65.89. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.56 and a current ratio of 1.56. The stock has a 50 day moving average price of $23.51 and a 200-day moving average price of $21.20. Amentum Holdings, Inc. has a 52-week low of $16.01 and a 52-week high of $34.50.

Amentum (NYSE:AMTM - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.53 by $0.03. The business had revenue of $2.23 billion during the quarter, compared to analyst estimates of $3.51 billion. Amentum had a return on equity of 10.91% and a net margin of 0.41%. The business's quarterly revenue was up 66.2% compared to the same quarter last year. As a group, equities research analysts anticipate that Amentum Holdings, Inc. will post 2.1 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Citizens Jmp initiated coverage on shares of Amentum in a report on Monday, May 12th. They set an "outperform" rating and a $30.00 price objective for the company. BTIG Research started coverage on Amentum in a report on Tuesday, April 15th. They set a "buy" rating and a $30.00 price objective on the stock. Royal Bank Of Canada set a $24.00 price target on shares of Amentum and gave the company a "sector perform" rating in a research report on Wednesday, May 21st. Bank of America assumed coverage on shares of Amentum in a research report on Tuesday, June 10th. They issued a "neutral" rating and a $24.00 target price on the stock. Finally, Truist Financial lifted their price objective on Amentum from $24.00 to $30.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Amentum has an average rating of "Hold" and a consensus target price of $25.89.

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.

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