Cerity Partners LLC lowered its holdings in Amentum Holdings, Inc. (NYSE:AMTM - Free Report) by 44.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 38,804 shares of the company's stock after selling 30,719 shares during the quarter. Cerity Partners LLC's holdings in Amentum were worth $706,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in Amentum by 18.0% during the fourth quarter. Vanguard Group Inc. now owns 16,542,447 shares of the company's stock worth $347,888,000 after purchasing an additional 2,529,173 shares during the last quarter. Kovitz Investment Group Partners LLC raised its position in Amentum by 10,851.5% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 14,787,345 shares of the company's stock valued at $310,978,000 after purchasing an additional 14,652,319 shares during the last quarter. Invesco Ltd. raised its position in Amentum by 77.6% during the 4th 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 during the last quarter. Cooper Creek Partners Management LLC grew its stake in 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 during the last quarter. Finally, Wellington Management Group LLP boosted its position in shares of Amentum by 149.5% in the fourth quarter. Wellington Management Group LLP now owns 2,333,221 shares of the company's stock worth $49,068,000 after acquiring an additional 1,398,143 shares during the last quarter. Institutional investors and hedge funds own 39.93% of the company's stock.
Wall Street Analyst Weigh In
A number of research firms have recently weighed in on AMTM. Citizens Jmp assumed coverage on shares of Amentum in a research report on Monday, May 12th. They set an "outperform" rating and a $30.00 price target for the company. Truist Financial upped their target price on Amentum from $24.00 to $30.00 and gave the company a "buy" rating in a research note on Thursday. Bank of America initiated coverage on Amentum in a report on Tuesday, June 10th. They set a "neutral" rating and a $24.00 target price on the stock. Morgan Stanley started coverage on Amentum in a research note on Wednesday, April 16th. They issued an "underweight" rating and a $19.00 price target for the company. Finally, BTIG Research assumed coverage on Amentum in a research report on Tuesday, April 15th. They set a "buy" rating and a $30.00 target price on the stock. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $25.89.
Read Our Latest Research Report on AMTM
Amentum Stock Up 1.0%
Shares of Amentum stock traded up $0.25 during midday trading on Friday, hitting $25.56. The company had a trading volume of 817,510 shares, compared to its average volume of 1,488,565. The company has a 50 day moving average of $22.83 and a 200 day moving average of $21.05. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.56 and a current ratio of 1.56. 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 released its quarterly earnings results on Tuesday, May 6th. The company reported $0.53 EPS for the quarter, topping the consensus estimate of $0.48 by $0.05. The company had revenue of $3.49 billion during the quarter, compared to analysts' expectations of $3.44 billion. On average, research analysts forecast that Amentum Holdings, Inc. will post 2.1 EPS for the current year.
Amentum Company Profile
(
Free Report)
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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