Amentum Holdings, Inc. (NYSE:AMTM) Shares Bought by New York State Teachers Retirement System

New York State Teachers Retirement System lifted its stake in shares of Amentum Holdings, Inc. (NYSE:AMTM - Free Report) by 11.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 138,486 shares of the company's stock after buying an additional 14,364 shares during the period. New York State Teachers Retirement System owned approximately 0.06% of Amentum worth $2,520,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in AMTM. Kovitz Investment Group Partners LLC lifted its stake in shares of Amentum by 10,851.5% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 14,787,345 shares of the company's stock worth $310,978,000 after buying an additional 14,652,319 shares during the period. Invesco Ltd. lifted its stake 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 buying an additional 6,055,638 shares during the period. Cooper Creek Partners Management LLC lifted its stake in shares of Amentum by 396.3% during the fourth quarter. Cooper Creek Partners Management LLC now owns 4,157,034 shares of the company's stock worth $87,422,000 after buying an additional 3,319,364 shares during the period. Vanguard Group Inc. lifted its position in Amentum by 18.0% during 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 lifted its position in Amentum by 469.4% during 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 during the period. 39.93% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

AMTM has been the subject of a number of research reports. BTIG Research initiated coverage on shares of Amentum in a research report on Tuesday, April 15th. They set a "buy" rating and a $30.00 target price for the company. The Goldman Sachs Group began coverage on shares of Amentum in a research report on Thursday, March 20th. They set a "neutral" rating and a $21.00 target price for the company. Bank of America began coverage on shares of Amentum in a report on Tuesday, June 10th. They issued a "neutral" rating and a $24.00 price objective for the company. Citizens Jmp began coverage on shares of Amentum in a report on Monday, May 12th. They issued an "outperform" rating and a $30.00 price objective for the company. Finally, Truist Financial cut their price objective on shares of Amentum from $31.00 to $24.00 and set a "buy" rating for the company in a report on Monday, April 14th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, Amentum has a consensus rating of "Hold" and a consensus target price of $25.22.

Amentum Price Performance

NYSE AMTM traded down $0.34 during trading hours on Friday, hitting $23.68. 1,426,049 shares of the company's stock traded hands, compared to its average volume of 2,676,313. Amentum Holdings, Inc. has a 52-week low of $16.01 and a 52-week high of $34.47. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 1.01. The firm's 50-day moving average is $22.18 and its 200-day moving average is $20.81.

Amentum (NYSE:AMTM - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.05. The business had revenue of $3.49 billion for the quarter, compared to analysts' expectations of $3.44 billion. As a group, research analysts anticipate that Amentum Holdings, Inc. will post 2.1 EPS 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.