Amentum Holdings, Inc. (NYSE:AMTM) Shares Bought by Rhumbline Advisers

Rhumbline Advisers grew its position in shares of Amentum Holdings, Inc. (NYSE:AMTM) by 5.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 310,103 shares of the company’s stock after acquiring an additional 14,919 shares during the quarter. Rhumbline Advisers owned about 0.13% of Amentum worth $5,644,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. GAMMA Investing LLC boosted its holdings in shares of Amentum by 3,155.0% during the first quarter. GAMMA Investing LLC now owns 57,093 shares of the company’s stock valued at $1,039,000 after acquiring an additional 55,339 shares during the period. Cacti Asset Management LLC raised its stake in shares of Amentum by 1.2% during the first quarter. Cacti Asset Management LLC now owns 834,442 shares of the company’s stock valued at $15,078,000 after purchasing an additional 9,978 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of Amentum by 149.5% during the fourth quarter. Wellington Management Group LLP now owns 2,333,221 shares of the company’s stock valued at $49,068,000 after purchasing an additional 1,398,143 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Amentum during the fourth quarter valued at about $676,000. Finally, Jefferies Financial Group Inc. bought a new stake in shares of Amentum during the fourth quarter valued at about $249,000. Institutional investors and hedge funds own 39.93% of the company’s stock.

Amentum Price Performance

Shares of NYSE AMTM opened at $22.98 on Friday. Amentum Holdings, Inc. has a twelve month low of $16.01 and a twelve month 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 firm has a 50-day moving average of $20.59 and a two-hundred day moving average of $20.75.

Amentum (NYSE:AMTM) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.05. The business had revenue of $3.49 billion during the quarter, compared to analyst estimates of $3.44 billion. As a group, research analysts expect that Amentum Holdings, Inc. will post 2.1 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on AMTM. Truist Financial cut their price objective on shares of Amentum from $31.00 to $24.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. Cantor Fitzgerald upgraded shares of Amentum to a “hold” rating in a research note on Tuesday, February 25th. BTIG Research began coverage on shares of Amentum in a research note on Tuesday, April 15th. They set a “buy” rating and a $30.00 price objective on the stock. The Goldman Sachs Group began coverage on shares of Amentum in a research note on Thursday, March 20th. They set a “neutral” rating and a $21.00 price objective on the stock. Finally, Citizens Jmp began coverage on shares of Amentum in a research note on Monday, May 12th. They set an “outperform” rating and a $30.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Amentum has a consensus rating of “Hold” and a consensus price target of $25.22.

Amentum Company 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.