Victory Capital Management Inc. lessened its holdings in Amentum Holdings, Inc. (NYSE:AMTM - Free Report) by 29.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 29,859 shares of the company's stock after selling 12,460 shares during the quarter. Victory Capital Management Inc.'s holdings in Amentum were worth $543,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently bought and sold shares of AMTM. Huntington National Bank acquired a new stake in shares of Amentum in the 4th quarter valued at $30,000. Signaturefd LLC boosted its stake in shares of Amentum by 108.0% in 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 lifted its position in Amentum by 380.0% during the 1st quarter. FNY Investment Advisers LLC now owns 2,400 shares of the company's stock worth $43,000 after buying an additional 1,900 shares in the last quarter. National Bank of Canada FI lifted its position in Amentum by 31,328.6% during the 4th quarter. National Bank of Canada FI now owns 2,200 shares of the company's stock worth $46,000 after buying an additional 2,193 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in Amentum by 78.8% during the 1st quarter. GAMMA Investing LLC now owns 3,137 shares of the company's stock worth $57,000 after buying an additional 1,383 shares in the last quarter. Institutional investors own 39.93% of the company's stock.
Wall Street Analyst Weigh In
AMTM has been the topic of several research reports. Truist Financial upped their price target on shares of Amentum from $24.00 to $30.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. Royal Bank Of Canada set a $24.00 price target on shares of Amentum and gave the stock a "sector perform" rating in a research report on Wednesday, May 21st. Morgan Stanley initiated coverage on shares of Amentum in a research report on Wednesday, April 16th. They set an "underweight" rating and a $19.00 target price on the stock. 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 on the stock. Finally, Citizens Jmp initiated coverage on shares of Amentum in a research report on Monday, May 12th. They set an "outperform" rating and a $30.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $25.89.
Check Out Our Latest Stock Analysis on AMTM
Amentum Stock Performance
Shares of AMTM traded up $0.30 during mid-day trading on Monday, hitting $24.46. 1,466,633 shares of the company's stock were exchanged, compared to its average volume of 1,568,501. Amentum Holdings, Inc. has a 52 week low of $16.01 and a 52 week high of $34.50. The company has a 50-day simple moving average of $23.33 and a 200 day simple moving average of $21.14. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.56 and a quick ratio of 1.56.
Amentum (NYSE:AMTM - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.53 EPS 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 analyst estimates of $3.44 billion. On average, equities research analysts anticipate that Amentum Holdings, Inc. will post 2.1 EPS for the current fiscal year.
About Amentum
(
Free Report)
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.
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