Amentum Holdings, Inc. (NYSE:AMTM) Position Trimmed by Proficio Capital Partners LLC

Proficio Capital Partners LLC lessened its stake in Amentum Holdings, Inc. (NYSE:AMTM - Free Report) by 67.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 22,977 shares of the company's stock after selling 48,545 shares during the quarter. Proficio Capital Partners LLC's holdings in Amentum were worth $412,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Allianz Asset Management GmbH acquired a new stake in shares of Amentum during the 1st quarter valued at approximately $704,000. Teachers Retirement System of The State of Kentucky increased its stake in Amentum by 12.6% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 55,816 shares of the company's stock valued at $1,016,000 after purchasing an additional 6,232 shares during the last quarter. Bryn Mawr Capital Management LLC raised its holdings in shares of Amentum by 4.9% during the first quarter. Bryn Mawr Capital Management LLC now owns 62,372 shares of the company's stock worth $1,135,000 after purchasing an additional 2,898 shares during the period. Signaturefd LLC lifted its position in shares of Amentum by 108.0% in the 1st quarter. Signaturefd LLC now owns 1,764 shares of the company's stock worth $32,000 after buying an additional 916 shares during the last quarter. Finally, New York State Common Retirement Fund boosted its holdings in shares of Amentum by 61.4% in the 1st quarter. New York State Common Retirement Fund now owns 611,787 shares of the company's stock valued at $11,135,000 after buying an additional 232,835 shares during the period. Institutional investors own 39.93% of the company's stock.

Amentum Stock Up 1.0%

AMTM traded up $0.25 during trading hours on Friday, hitting $25.56. The company's stock had a trading volume of 817,510 shares, compared to its average volume of 1,488,565. The company has a 50-day simple moving average of $22.90 and a 200 day simple moving average of $21.07. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 1.01. Amentum Holdings, Inc. has a fifty-two week low of $16.01 and a fifty-two week high of $34.50.

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Morgan Stanley assumed coverage on shares of Amentum in a research report on Wednesday, April 16th. They set an "underweight" rating and a $19.00 price objective for the company. Citizens Jmp initiated coverage on Amentum in a report on Monday, May 12th. They set an "outperform" rating and a $30.00 target price for the company. Truist Financial raised their price target on Amentum from $24.00 to $30.00 and gave the stock a "buy" rating in a report on Thursday. Royal Bank Of Canada set a $24.00 price objective on Amentum and gave the stock a "sector perform" rating in a research note on Wednesday, May 21st. Finally, BTIG Research began coverage on Amentum in a research note on Tuesday, April 15th. They issued a "buy" rating and a $30.00 target price on the stock. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $25.89.

Amentum Company 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.