GSA Capital Partners LLP Takes $555,000 Position in Amentum Holdings, Inc. (NYSE:AMTM)

Key Points

• GSA Capital Partners LLP acquired a new stake in Amentum Holdings, Inc., purchasing 30,488 shares valued at approximately $555,000 during the first quarter.
• Various hedge funds have shown increased interest in Amentum, with significant growth in holdings from firms like Signaturefd LLC and FNY Investment Advisers LLC.
• Amentum received a mix of ratings from analysts, including a target price of $30.00 from several firms, while the stock currently holds a consensus rating of "Hold" with a target price of $25.89.

GSA Capital Partners LLP purchased a new stake in shares of Amentum Holdings, Inc. (NYSE:AMTM - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 30,488 shares of the company's stock, valued at approximately $555,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Huntington National Bank acquired a new stake in shares of Amentum during the 4th quarter valued at about $30,000. Signaturefd LLC raised its position in Amentum by 108.0% in the first quarter. Signaturefd LLC now owns 1,764 shares of the company's stock worth $32,000 after purchasing an additional 916 shares in the last quarter. FNY Investment Advisers LLC boosted its holdings in Amentum by 380.0% during the first quarter. FNY Investment Advisers LLC now owns 2,400 shares of the company's stock valued at $43,000 after purchasing an additional 1,900 shares in the last quarter. National Bank of Canada FI grew its stake in shares of Amentum by 31,328.6% in the 4th quarter. National Bank of Canada FI now owns 2,200 shares of the company's stock valued at $46,000 after purchasing an additional 2,193 shares during the period. Finally, GAMMA Investing LLC raised 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 worth $57,000 after buying an additional 1,383 shares in the last quarter. 39.93% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on AMTM. Royal Bank Of Canada boosted their price target on Amentum from $24.00 to $26.00 and gave the company a "sector perform" rating in a research note on Thursday. Morgan Stanley began coverage on shares of Amentum in a research note on Wednesday, April 16th. They issued an "underweight" rating and a $19.00 target price on the stock. Truist Financial increased their target price on shares of Amentum from $24.00 to $30.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. Citizens Jmp initiated coverage on shares of Amentum in a research report on Monday, May 12th. They issued an "outperform" rating and a $30.00 price target on the stock. Finally, BTIG Research started coverage on shares of Amentum in a research note on Tuesday, April 15th. They set a "buy" rating and a $30.00 price objective on the stock. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $26.11.

Amentum Price Performance

Shares of AMTM stock traded up $0.12 during trading hours on Thursday, reaching $25.86. 1,713,383 shares of the company were exchanged, compared to its average volume of 2,292,411. Amentum Holdings, Inc. has a fifty-two week low of $16.01 and a fifty-two week high of $34.50. 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 stock's fifty day moving average is $23.51 and its two-hundred day moving average is $21.20. The company has a market cap of $6.29 billion and a price-to-earnings ratio of 66.31.

Amentum (NYSE:AMTM - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate 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 return on equity of 10.91% and a net margin of 0.41%. The company's quarterly revenue was up 66.2% on a year-over-year basis. Sell-side analysts forecast that Amentum Holdings, Inc. will post 2.1 earnings per share for the current fiscal 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.