Jefferies Financial Group Inc. purchased a new position in shares of Amentum Holdings, Inc. (NYSE:AMTM - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 11,830 shares of the company's stock, valued at approximately $249,000.
Other large investors also recently added to or reduced their stakes in the company. Kovitz Investment Group Partners LLC lifted its stake in Amentum by 10,851.5% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 14,787,345 shares of the company's stock worth $310,978,000 after acquiring an additional 14,652,319 shares in the last quarter. Invesco Ltd. lifted its position in shares of Amentum by 77.6% during the fourth quarter. Invesco Ltd. now owns 13,856,239 shares of the company's stock worth $291,397,000 after purchasing an additional 6,055,638 shares in the last quarter. Cooper Creek Partners Management LLC boosted its stake in shares of Amentum by 396.3% in the fourth quarter. Cooper Creek Partners Management LLC now owns 4,157,034 shares of the company's stock valued at $87,422,000 after purchasing an additional 3,319,364 shares during the period. Vanguard Group Inc. boosted its stake in shares of Amentum by 18.0% in the fourth quarter. Vanguard Group Inc. now owns 16,542,447 shares of the company's stock valued at $347,888,000 after purchasing an additional 2,529,173 shares during the period. Finally, Thompson Siegel & Walmsley LLC grew its holdings in shares of Amentum by 469.4% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 1,948,684 shares of the company's stock valued at $40,981,000 after purchasing an additional 1,606,442 shares in the last quarter. 39.93% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
AMTM has been the topic of a number of research reports. Royal Bank of Canada set a $24.00 target price on shares of Amentum and gave the stock a "sector perform" rating in a report on Wednesday. BTIG Research assumed coverage on Amentum in a research report on Tuesday, April 15th. They set a "buy" rating and a $30.00 price objective on the stock. Cantor Fitzgerald upgraded Amentum to a "hold" rating in a report on Tuesday, February 25th. Citizens Jmp initiated coverage on Amentum in a research note on Monday, May 12th. They set an "outperform" rating and a $30.00 target price for the company. Finally, Morgan Stanley began coverage on Amentum in a research report on Wednesday, April 16th. They issued an "underweight" rating and a $19.00 price target on the stock. One analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $25.38.
Read Our Latest Stock Report on Amentum
Amentum Price Performance
NYSE AMTM traded down $0.65 during trading on Friday, reaching $20.56. 1,351,454 shares of the company's stock were exchanged, compared to its average volume of 2,749,981. The company has a 50 day moving average price of $19.70 and a two-hundred day moving average price of $21.31. Amentum Holdings, Inc. has a 1 year low of $16.01 and a 1 year high of $34.47. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 1.02.
Amentum (NYSE:AMTM - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.53 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.48 by $0.05. The business had revenue of $3.49 billion during the quarter, compared to analyst estimates of $3.44 billion. Sell-side analysts forecast that Amentum Holdings, Inc. will post 2.1 EPS for the current fiscal year.
Amentum Company Profile
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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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