Rock Creek Group LP Makes New Investment in Amentum Holdings, Inc. (NYSE:AMTM)

Key Points

• Rock Creek Group LP has made a significant investment of $455,000 in Amentum Holdings, acquiring 25,000 shares as reported in its recent SEC filing.
• Multiple institutional investors, including Signaturefd LLC and FNY Investment Advisers LLC, have increased their holdings in Amentum, showcasing growing interest from the investment community.
• Amentum Holdings has experienced a revenue surge of 66.2% compared to the same quarter last year, although it reported $2.23 billion in revenue against expectations of $3.51 billion.

Rock Creek Group LP purchased a new stake in Amentum Holdings, Inc. (NYSE:AMTM - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 25,000 shares of the company's stock, valued at approximately $455,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Signaturefd LLC raised its holdings in shares of Amentum by 108.0% during the 1st quarter. Signaturefd LLC now owns 1,764 shares of the company's stock valued at $32,000 after purchasing an additional 916 shares in the last quarter. FNY Investment Advisers LLC raised its holdings in shares of Amentum by 380.0% during the 1st 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. GAMMA Investing LLC raised its holdings in shares of Amentum by 78.8% during the 1st quarter. GAMMA Investing LLC now owns 3,137 shares of the company's stock valued at $57,000 after purchasing an additional 1,383 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. raised its holdings in shares of Amentum by 382.1% during the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,748 shares of the company's stock valued at $58,000 after purchasing an additional 2,178 shares in the last quarter. Finally, State of Wyoming raised its holdings in shares of Amentum by 43.3% during the 4th quarter. State of Wyoming now owns 2,756 shares of the company's stock valued at $58,000 after purchasing an additional 833 shares in the last quarter. Hedge funds and other institutional investors own 39.93% of the company's stock.

Amentum Stock Performance

NYSE AMTM traded down $0.25 during midday trading on Friday, hitting $25.19. The company had a trading volume of 1,235,520 shares, compared to its average volume of 1,652,314. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 0.97. The stock has a market cap of $6.13 billion and a price-to-earnings ratio of 64.59. The firm has a fifty day simple moving average of $24.14 and a two-hundred day simple moving average of $21.37. 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 posted its quarterly earnings results 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 company had revenue of $2.23 billion for the quarter, compared to analyst estimates of $3.51 billion. Amentum had a net margin of 0.41% and a return on equity of 10.90%. The firm's quarterly revenue was up 66.2% compared to the same quarter last year. Equities analysts forecast that Amentum Holdings, Inc. will post 2.1 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. Citizens Jmp assumed coverage on shares of Amentum in a report on Monday, May 12th. They set an "outperform" rating and a $30.00 price target on the stock. Bank of America raised their price target on shares of Amentum from $26.00 to $27.00 and gave the company a "neutral" rating in a report on Wednesday. Truist Financial raised their target price on shares of Amentum from $24.00 to $30.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. The Goldman Sachs Group raised their target price on shares of Amentum from $21.00 to $26.00 and gave the company a "neutral" rating in a research note on Wednesday. Finally, Royal Bank Of Canada raised their target price on shares of Amentum from $24.00 to $26.00 and gave the company a "sector perform" rating in a research note on Thursday, August 7th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Amentum currently has an average rating of "Hold" and an average target price of $27.00.

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.