Corebridge Financial Inc. Lowers Stock Holdings in Amentum Holdings, Inc. (NYSE:AMTM)

Corebridge Financial Inc. cut its holdings in shares of Amentum Holdings, Inc. (NYSE:AMTM) by 83.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,278 shares of the company’s stock after selling 25,806 shares during the period. Corebridge Financial Inc.’s holdings in Amentum were worth $111,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. HighTower Advisors LLC acquired a new position in Amentum in the third quarter valued at $1,481,000. Stifel Financial Corp purchased a new position in Amentum during the 3rd quarter worth $2,107,000. Jane Street Group LLC purchased a new position in Amentum during the 3rd quarter worth $1,843,000. XTX Topco Ltd purchased a new stake in shares of Amentum in the third quarter valued at about $238,000. Finally, Orion Portfolio Solutions LLC acquired a new position in shares of Amentum during the third quarter worth about $352,000. Hedge funds and other institutional investors own 39.93% of the company’s stock.

Wall Street Analysts Forecast Growth

AMTM has been the subject of several research analyst reports. Truist Financial cut their price objective on Amentum from $31.00 to $24.00 and set a “buy” rating for the company in a research report on Monday. Cantor Fitzgerald upgraded shares of Amentum to a “hold” rating in a research report on Tuesday, February 25th. The Goldman Sachs Group began coverage on shares of Amentum in a report on Thursday, March 20th. They issued a “neutral” rating and a $21.00 target price on the stock. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $24.00 price target on shares of Amentum in a report on Thursday, February 6th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Amentum has a consensus rating of “Hold” and an average price target of $24.80.

Insider Transactions at Amentum

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

Amentum Trading Up 2.3 %

Shares of NYSE:AMTM opened at $18.56 on Tuesday. The business’s 50-day moving average price is $19.03. Amentum Holdings, Inc. has a 1 year low of $16.01 and a 1 year 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.

Amentum (NYSE:AMTM) last announced its earnings results on Tuesday, February 4th. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.45 by $0.06. On average, equities analysts predict that Amentum Holdings, Inc. will post 2.1 earnings per share for the current fiscal year.

Amentum 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.