Chung Wu Investment Group LLC Takes $230,000 Position in Amentum Holdings, Inc. $AMTM

Key Points

• Chung Wu Investment Group LLC acquired a new position in Amentum Holdings, purchasing 9,744 shares valued at approximately $230,000 in the 2nd quarter.
• During the same period, other hedge funds like Quarry LP and Signaturefd LLC also increased their stakes in Amentum, demonstrating growing institutional interest in the company.
• Amentum reported a quarterly EPS of $0.56, surpassing analysts' expectations, and has set FY 2025 guidance at 2.050-2.200 EPS.

Chung Wu Investment Group LLC bought a new position in shares of Amentum Holdings, Inc. (NYSE:AMTM - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 9,744 shares of the company's stock, valued at approximately $230,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Quarry LP purchased a new position in shares of Amentum during the 1st quarter worth about $30,000. Signaturefd LLC increased its position in Amentum by 108.0% during the first quarter. Signaturefd LLC now owns 1,764 shares of the company's stock worth $32,000 after purchasing an additional 916 shares during the last quarter. FNY Investment Advisers LLC raised its stake in Amentum by 380.0% during the first quarter. FNY Investment Advisers LLC now owns 2,400 shares of the company's stock worth $43,000 after purchasing an additional 1,900 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Amentum by 78.8% in the 1st quarter. GAMMA Investing LLC now owns 3,137 shares of the company's stock valued at $57,000 after purchasing an additional 1,383 shares during the last quarter. Finally, UMB Bank n.a. raised its position in shares of Amentum by 11.6% in the 2nd quarter. UMB Bank n.a. now owns 4,121 shares of the company's stock worth $97,000 after buying an additional 430 shares during the period. 39.93% of the stock is owned by institutional investors and hedge funds.

Amentum Price Performance

Shares of NYSE AMTM opened at $25.93 on Monday. 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 quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 0.97. The firm has a market cap of $6.31 billion and a PE ratio of 66.48. The business has a 50 day moving average price of $24.35 and a two-hundred day moving average price of $22.41.

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

Wall Street Analyst Weigh In

AMTM has been the topic of a number of research reports. The Goldman Sachs Group raised their price objective on Amentum from $21.00 to $26.00 and gave the stock a "neutral" rating in a report on Wednesday, August 13th. Weiss Ratings reissued a "sell (d+)" rating on shares of Amentum in a research report on Saturday, September 27th. Royal Bank Of Canada raised their price objective on Amentum from $24.00 to $26.00 and gave the company a "sector perform" rating in a research report on Thursday, August 7th. Truist Financial raised their target price on Amentum from $24.00 to $30.00 and gave the company a "buy" rating in a report on Thursday, July 24th. Finally, Cantor Fitzgerald upgraded Amentum from a "neutral" rating to an "overweight" rating and upped their price target for the stock from $25.00 to $35.00 in a report on Thursday, September 25th. Six investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Amentum presently has an average rating of "Hold" and an average price target of $28.40.

About Amentum

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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