Squarepoint Ops LLC Sells 20,346 Shares of Amentum Holdings, Inc. (NYSE:AMTM)

Squarepoint Ops LLC lowered its stake in shares of Amentum Holdings, Inc. (NYSE:AMTM - Free Report) by 51.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,989 shares of the company's stock after selling 20,346 shares during the quarter. Squarepoint Ops LLC's holdings in Amentum were worth $399,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. New York State Common Retirement Fund increased its position in Amentum by 382.6% during the fourth quarter. New York State Common Retirement Fund now owns 378,952 shares of the company's stock worth $7,969,000 after acquiring an additional 300,431 shares during the period. Yousif Capital Management LLC boosted its stake in Amentum by 236.8% during the fourth quarter. Yousif Capital Management LLC now owns 48,770 shares of the company's stock worth $1,026,000 after buying an additional 34,291 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Amentum by 66.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,264,257 shares of the company's stock worth $26,587,000 after buying an additional 503,741 shares in the last quarter. Van ECK Associates Corp acquired a new stake in Amentum during the fourth quarter worth $23,812,000. Finally, IFP Advisors Inc boosted its stake in Amentum by 119.2% during the fourth quarter. IFP Advisors Inc now owns 1,532 shares of the company's stock worth $35,000 after buying an additional 833 shares in the last quarter. Institutional investors own 39.93% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on AMTM shares. Truist Financial decreased their price target on shares of Amentum from $31.00 to $24.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Morgan Stanley started coverage on shares of Amentum in a research note on Wednesday, April 16th. They set an "underweight" rating and a $19.00 price target on the stock. The Goldman Sachs Group started coverage on shares of Amentum in a research note on Thursday, March 20th. They set a "neutral" rating and a $21.00 price target on the stock. Citizens Jmp began coverage on shares of Amentum in a research note on Monday, May 12th. They set an "outperform" rating and a $30.00 price target on the stock. Finally, BTIG Research began coverage on shares of Amentum in a research note on Tuesday, April 15th. They issued a "buy" rating and a $30.00 target price on the stock. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $25.38.

Amentum Trading Up 2.7%

Shares of NYSE:AMTM opened at $21.86 on Friday. Amentum Holdings, Inc. has a 52 week low of $16.01 and a 52 week high of $34.47. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.59 and a current ratio of 1.59. The company's fifty day moving average is $20.13 and its 200-day moving average is $20.79.

Amentum (NYSE:AMTM - Get Free Report) last issued its earnings results on Tuesday, May 6th. The company reported $0.53 EPS for the quarter, beating the consensus estimate of $0.48 by $0.05. The firm had revenue of $3.49 billion during the quarter, compared to analyst estimates of $3.44 billion. On average, equities analysts forecast that Amentum Holdings, Inc. will post 2.1 EPS for the current fiscal year.

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.

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.