Eisler Capital Management Ltd. Buys New Stake in Amentum Holdings, Inc. $AMTM

Key Points

• Eisler Capital Management Ltd. acquired 126,889 shares of Amentum Holdings, valued at approximately $2.3 million, representing about 0.05% of the company's stock as of its latest filing.
• Several hedge funds increased their stakes in Amentum, with Signaturefd LLC increasing holdings by 108% and FNY Investment Advisers LLC by 380% during the first quarter.
• Wall Street analysts have raised their price targets for Amentum, with Goldman Sachs increasing its target from $21 to $26 and Truist Financial raising it from $24 to $30, indicating a generally optimistic outlook.

Eisler Capital Management Ltd. purchased a new stake in Amentum Holdings, Inc. (NYSE:AMTM - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 126,889 shares of the company's stock, valued at approximately $2,308,000. Eisler Capital Management Ltd. owned about 0.05% of Amentum at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in AMTM. American Securities LLC bought a new stake in Amentum in the first quarter worth about $798,869,000. Invesco Ltd. lifted its stake in Amentum by 24.1% in the first quarter. Invesco Ltd. now owns 17,191,110 shares of the company's stock worth $312,878,000 after purchasing an additional 3,334,871 shares during the last quarter. Primecap Management Co. CA lifted its stake in Amentum by 56.9% in the first quarter. Primecap Management Co. CA now owns 10,061,589 shares of the company's stock worth $183,121,000 after purchasing an additional 3,647,210 shares during the last quarter. Wellington Management Group LLP lifted its stake in 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 purchasing an additional 1,398,143 shares during the last quarter. Finally, Voss Capital LP lifted its stake in Amentum by 393.7% in the first quarter. Voss Capital LP now owns 2,220,709 shares of the company's stock worth $40,417,000 after purchasing an additional 1,770,891 shares during the last quarter. Institutional investors own 39.93% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on AMTM shares. The Goldman Sachs Group raised their price objective on shares of Amentum from $21.00 to $26.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 13th. Citizens Jmp began coverage on shares of Amentum in a report on Monday, May 12th. They set an "outperform" rating and a $30.00 price objective on the stock. Truist Financial lifted 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. JMP Securities reaffirmed a "market outperform" rating and issued a $30.00 price target on shares of Amentum in a report on Monday, August 18th. Finally, Royal Bank Of Canada lifted their price target on shares of Amentum from $24.00 to $26.00 and gave the stock a "sector perform" rating in a report on Thursday, August 7th. Five research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Amentum currently has a consensus rating of "Hold" and a consensus target price of $27.30.

Amentum Stock Performance

Shares of NYSE:AMTM traded down $0.33 on Tuesday, hitting $24.63. 212,314 shares of the company were exchanged, compared to its average volume of 2,189,831. Amentum Holdings, Inc. has a 1-year low of $16.01 and a 1-year high of $34.50. The stock's 50 day moving average price is $24.69 and its 200 day moving average price is $21.68. 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 capitalization of $5.99 billion and a P/E ratio of 63.22.

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, topping the consensus estimate of $0.53 by $0.03. The business had revenue of $2.23 billion during 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 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 predict that Amentum Holdings, Inc. will post 2.1 EPS for the current year.

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.