Hyperion Capital Advisors LP Purchases Shares of 19,563 Amentum Holdings, Inc. (NYSE:AMTM)

Hyperion Capital Advisors LP purchased a new stake in Amentum Holdings, Inc. (NYSE:AMTM - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 19,563 shares of the company's stock, valued at approximately $411,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. CIBC Private Wealth Group LLC increased its position in shares of Amentum by 9.7% during the 4th quarter. CIBC Private Wealth Group LLC now owns 7,639 shares of the company's stock valued at $164,000 after purchasing an additional 675 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in Amentum by 22.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 3,978 shares of the company's stock worth $84,000 after buying an additional 730 shares during the period. IFP Advisors Inc lifted its holdings in Amentum by 119.2% in the 4th quarter. IFP Advisors Inc now owns 1,532 shares of the company's stock worth $35,000 after buying an additional 833 shares during the period. GAMMA Investing LLC lifted its holdings in Amentum by 333.1% in the 4th quarter. GAMMA Investing LLC now owns 1,754 shares of the company's stock worth $37,000 after buying an additional 1,349 shares during the period. Finally, Huntington National Bank purchased a new stake in Amentum in the 4th quarter worth approximately $30,000. Hedge funds and other institutional investors own 39.93% of the company's stock.

Amentum Trading Down 0.4%

Shares of NYSE:AMTM traded down $0.08 on Friday, hitting $21.52. 1,252,575 shares of the company traded hands, compared to its average volume of 2,770,911. 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 current ratio of 1.59 and a quick ratio of 1.59. The stock has a 50 day simple moving average of $19.31 and a 200-day simple moving average of $21.68.

Amentum (NYSE:AMTM - Get Free Report) last issued its quarterly earnings results 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 for the quarter, compared to the consensus estimate of $3.44 billion. As a group, analysts predict that Amentum Holdings, Inc. will post 2.1 EPS for the current fiscal year.

Insider Activity at Amentum

In other Amentum news, Director Barbara Loughran acquired 4,600 shares of the company's stock in a transaction that occurred on Tuesday, February 18th. The shares were bought at an average cost of $21.23 per share, with a total value of $97,658.00. Following the completion of the transaction, the director now directly owns 4,600 shares of the company's stock, valued at approximately $97,658. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 18.67% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. BTIG Research assumed coverage on Amentum in a report on Tuesday, April 15th. They issued a "buy" rating and a $30.00 price objective for the company. Royal Bank of Canada reissued a "sector perform" rating and issued a $24.00 target price on shares of Amentum in a research report on Thursday, February 6th. Cantor Fitzgerald raised Amentum to a "hold" rating in a research report on Tuesday, February 25th. Truist Financial decreased their target price on Amentum from $31.00 to $24.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Finally, The Goldman Sachs Group initiated coverage on Amentum in a research report on Thursday, March 20th. They issued a "neutral" rating and a $21.00 target price for the company. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target 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.