Voss Capital LP Acquires New Shares in Amentum Holdings, Inc. (NYSE:AMTM)

Voss Capital LP acquired a new position in Amentum Holdings, Inc. (NYSE:AMTM - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 449,818 shares of the company's stock, valued at approximately $9,460,000. Amentum comprises about 0.7% of Voss Capital LP's investment portfolio, making the stock its 28th largest position. Voss Capital LP owned about 0.18% of Amentum as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Huntington National Bank bought a new stake in Amentum during the fourth quarter valued at approximately $30,000. Anchor Investment Management LLC purchased a new position in shares of Amentum during the 3rd quarter valued at about $32,000. IFP Advisors Inc boosted its stake in Amentum by 119.2% in 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. Asset Planning Inc bought a new position in Amentum during the fourth quarter valued at approximately $36,000. Finally, Horizon Investments LLC purchased a new position in shares of Amentum during the fourth quarter worth approximately $36,000. Institutional investors own 39.93% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on AMTM shares. BTIG Research assumed coverage on shares of Amentum in a report on Tuesday, April 15th. They set a "buy" rating and a $30.00 target price on the stock. Morgan Stanley assumed coverage on Amentum in a research note on Wednesday, April 16th. They set an "underweight" rating and a $19.00 price objective on the stock. Royal Bank of Canada restated a "sector perform" rating and set a $24.00 target price on shares of Amentum in a report on Thursday, February 6th. The Goldman Sachs Group initiated coverage on shares of Amentum in a research note on Thursday, March 20th. They issued a "neutral" rating and a $21.00 target price on the stock. Finally, Truist Financial dropped their price target on shares of Amentum from $31.00 to $24.00 and set a "buy" rating for the company in a research report on Monday, April 14th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $24.71.

Amentum Trading Up 0.9 %

NYSE AMTM traded up $0.20 during trading on Friday, hitting $21.88. The company had a trading volume of 2,411,450 shares, compared to its average volume of 2,860,884. The company's fifty day moving average is $18.76 and its 200-day moving average is $22.24. Amentum Holdings, Inc. has a one year low of $16.01 and a one year high of $34.47. 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 (NYSE:AMTM - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.51 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.45 by $0.06. Equities research analysts expect that Amentum Holdings, Inc. will post 2.1 earnings per share for the current year.

Insider Activity

In related news, Director Barbara Loughran purchased 4,600 shares of the company's stock in a transaction dated Tuesday, February 18th. The shares were purchased at an average cost of $21.23 per share, with a total value of $97,658.00. Following the transaction, the director now directly owns 4,600 shares in the company, valued at $97,658. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Steven J. Demetriou acquired 100,000 shares of the stock in a transaction on Wednesday, February 12th. The shares were bought at an average price of $20.81 per share, with a total value of $2,081,000.00. Following the purchase, the insider now directly owns 620,893 shares of the company's stock, valued at $12,920,783.33. The trade was a 19.20 % increase in their position. The disclosure for this purchase can be found here. 18.67% of the stock is currently owned by company insiders.

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.