GAMMA Investing LLC Grows Stake in Amentum Holdings, Inc. (NYSE:AMTM)

GAMMA Investing LLC increased its holdings in Amentum Holdings, Inc. (NYSE:AMTM - Free Report) by 3,155.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 57,093 shares of the company's stock after buying an additional 55,339 shares during the quarter. GAMMA Investing LLC's holdings in Amentum were worth $1,039,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Cacti Asset Management LLC grew its holdings in Amentum by 1.2% during the first quarter. Cacti Asset Management LLC now owns 834,442 shares of the company's stock valued at $15,078,000 after purchasing an additional 9,978 shares during the period. Wellington Management Group LLP lifted its position in shares of Amentum by 149.5% during the 4th quarter. Wellington Management Group LLP now owns 2,333,221 shares of the company's stock valued at $49,068,000 after buying an additional 1,398,143 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Amentum during the 4th quarter valued at approximately $676,000. Jefferies Financial Group Inc. bought a new position in shares of Amentum during the 4th quarter valued at approximately $249,000. Finally, Shufro Rose & Co. LLC purchased a new stake in Amentum in the 4th quarter worth approximately $287,000. 39.93% of the stock is currently owned by institutional investors.

Amentum Price Performance

Shares of NYSE:AMTM traded down $0.21 during midday trading on Friday, reaching $21.67. 761,576 shares of the company were exchanged, compared to its average volume of 2,750,266. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.56 and a quick ratio of 1.56. The business's fifty day moving average is $21.10 and its two-hundred day moving average is $20.69. Amentum Holdings, Inc. has a one year low of $16.01 and a one year high of $34.47.

Amentum (NYSE:AMTM - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.53 EPS for the quarter, beating the consensus estimate of $0.48 by $0.05. The company had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $3.44 billion. Equities analysts expect that Amentum Holdings, Inc. will post 2.1 EPS for the current year.

Wall Street Analyst Weigh In

AMTM has been the topic of several analyst reports. The Goldman Sachs Group assumed coverage on shares of Amentum in a report on Thursday, March 20th. They set a "neutral" rating and a $21.00 price target on the stock. Bank of America assumed coverage on shares of Amentum in a research report on Tuesday, June 10th. They set a "neutral" rating and a $24.00 price objective on the stock. Morgan Stanley assumed coverage on shares of Amentum in a report on Wednesday, April 16th. They issued an "underweight" rating and a $19.00 target price for the company. Truist Financial cut their price target on Amentum from $31.00 to $24.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Finally, Royal Bank Of Canada set a $24.00 price target on Amentum and gave the company a "sector perform" rating in a report on Wednesday, May 21st. One analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Amentum has a consensus rating of "Hold" and a consensus price target of $25.22.

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.