Monashee Investment Management LLC Invests $6.55 Million in Amentum Holdings, Inc. $AMTM

Key Points

• Monashee Investment Management LLC invested approximately $6.55 million in Amentum Holdings, acquiring 360,000 shares, making it the 18th largest position in their portfolio.
• Major institutional investors, including American Securities LLC and Invesco Ltd., have also significantly increased their stakes in Amentum, highlighting strong investor interest.
• Analysts have set price targets for Amentum shares ranging from $24 to $30, with the consensus rating currently at "Hold" and an average price target of $27.30.

Monashee Investment Management LLC acquired a new stake in Amentum Holdings, Inc. (NYSE:AMTM - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 360,000 shares of the company's stock, valued at approximately $6,552,000. Amentum comprises about 0.8% of Monashee Investment Management LLC's portfolio, making the stock its 18th largest position. Monashee Investment Management LLC owned approximately 0.15% of Amentum at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. American Securities LLC acquired a new stake in Amentum in the 1st quarter valued at about $798,869,000. Invesco Ltd. raised its holdings in Amentum by 24.1% in the 1st quarter. Invesco Ltd. now owns 17,191,110 shares of the company's stock valued at $312,878,000 after acquiring an additional 3,334,871 shares during the last quarter. Kovitz Investment Group Partners LLC raised its holdings in Amentum by 10,851.5% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 14,787,345 shares of the company's stock valued at $310,978,000 after acquiring an additional 14,652,319 shares during the last quarter. Primecap Management Co. CA raised its holdings in Amentum by 56.9% in the 1st quarter. Primecap Management Co. CA now owns 10,061,589 shares of the company's stock valued at $183,121,000 after acquiring an additional 3,647,210 shares during the last quarter. Finally, Wellington Management Group LLP raised its holdings in Amentum by 149.5% in the 4th quarter. Wellington Management Group LLP now owns 2,333,221 shares of the company's stock valued at $49,068,000 after acquiring an additional 1,398,143 shares during the last quarter. Institutional investors and hedge funds own 39.93% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on AMTM shares. Bank of America increased their price objective on shares of Amentum from $26.00 to $27.00 and gave the company a "neutral" rating in a report on Wednesday, August 13th. JMP Securities restated a "market outperform" rating and set a $30.00 price target on shares of Amentum in a report on Monday. Royal Bank Of Canada raised 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. Raymond James Financial restated an "outperform" rating and set a $30.00 price target on shares of Amentum in a report on Monday. Finally, The Goldman Sachs Group raised their price target on shares of Amentum from $21.00 to $26.00 and gave the stock a "neutral" rating in a report on Wednesday, August 13th. Five equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $27.30.

Amentum Stock Performance

Shares of AMTM stock opened at $24.1450 on Thursday. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 0.97. Amentum Holdings, Inc. has a 52 week low of $16.01 and a 52 week high of $34.50. The stock has a market capitalization of $5.88 billion and a PE ratio of 61.91. The firm has a 50 day moving average of $24.26 and a two-hundred day moving average of $21.46.

Amentum (NYSE:AMTM - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.53 by $0.03. Amentum had a net margin of 0.41% and a return on equity of 10.90%. The company had revenue of $2.23 billion during the quarter, compared to analysts' expectations of $3.51 billion. The business's quarterly 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. On average, research analysts predict that Amentum Holdings, Inc. will post 2.1 EPS for the current fiscal year.

Amentum Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.