Tidal Investments LLC Purchases 25,630 Shares of Amentum Holdings, Inc. (NYSE:AMTM)

Tidal Investments LLC boosted its stake in Amentum Holdings, Inc. (NYSE:AMTM - Free Report) by 107.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 49,457 shares of the company's stock after purchasing an additional 25,630 shares during the quarter. Tidal Investments LLC's holdings in Amentum were worth $1,040,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in AMTM. Huntington National Bank acquired a new position in shares of Amentum in the 4th quarter valued at $30,000. IFP Advisors Inc lifted its holdings 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 acquiring an additional 833 shares in the last quarter. Asset Planning Inc bought a new position in Amentum during the fourth quarter worth about $36,000. Horizon Investments LLC bought a new position in Amentum during the fourth quarter worth about $36,000. Finally, National Bank of Canada FI grew its stake in Amentum by 31,328.6% in the fourth quarter. National Bank of Canada FI now owns 2,200 shares of the company's stock valued at $46,000 after acquiring an additional 2,193 shares during the period. Institutional investors and hedge funds own 39.93% of the company's stock.

Amentum Stock Down 0.1%

Amentum stock traded down $0.03 during mid-day trading on Friday, reaching $20.33. The company's stock had a trading volume of 326,795 shares, compared to its average volume of 2,714,305. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 1.02. Amentum Holdings, Inc. has a 12 month low of $16.01 and a 12 month high of $34.47. The business's 50 day simple moving average is $19.87 and its 200 day simple moving average is $21.00.

Amentum (NYSE:AMTM - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.05. The company had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.44 billion. Equities analysts forecast that Amentum Holdings, Inc. will post 2.1 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

AMTM has been the topic of a number of research analyst reports. Morgan Stanley assumed coverage on Amentum in a research report on Wednesday, April 16th. They set an "underweight" rating and a $19.00 price target on the stock. Citizens Jmp assumed coverage on shares of Amentum in a report on Monday, May 12th. They issued an "outperform" rating and a $30.00 price target for the company. Truist Financial dropped their price objective on shares of Amentum from $31.00 to $24.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Royal Bank of Canada set a $24.00 target price on shares of 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 price target on the stock. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $25.38.

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.