GAMMA Investing LLC Has $1.04 Million Holdings in Amentum Holdings, Inc. (NYSE:AMTM)

GAMMA Investing LLC grew its stake in shares of Amentum Holdings, Inc. (NYSE:AMTM) by 3,155.0% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 57,093 shares of the company’s stock after buying an additional 55,339 shares during the period. GAMMA Investing LLC’s holdings in Amentum were worth $1,039,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Huntington National Bank acquired a new position in shares of Amentum during the fourth quarter worth approximately $30,000. IFP Advisors Inc raised its holdings in shares of Amentum by 119.2% during the fourth quarter. IFP Advisors Inc now owns 1,532 shares of the company’s stock worth $35,000 after acquiring an additional 833 shares during the period. Horizon Investments LLC acquired a new stake in shares of Amentum during the fourth quarter worth $36,000. National Bank of Canada FI raised its holdings in shares of Amentum by 31,328.6% during the fourth quarter. National Bank of Canada FI now owns 2,200 shares of the company’s stock worth $46,000 after acquiring an additional 2,193 shares during the period. Finally, Farther Finance Advisors LLC acquired a new stake in Amentum in the 4th quarter valued at $52,000. Institutional investors own 39.93% of the company’s stock.

Amentum Price Performance

Shares of Amentum stock opened at $22.56 on Tuesday. Amentum Holdings, Inc. has a 1 year low of $16.01 and a 1 year high of $34.47. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 1.02. The company has a 50 day simple moving average of $20.84 and a two-hundred day simple moving average of $20.68.

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

Wall Street Analyst Weigh In

A number of brokerages have recently commented on AMTM. The Goldman Sachs Group began coverage on shares of Amentum in a research report on Thursday, March 20th. They issued a “neutral” rating and a $21.00 price objective for the company. Morgan Stanley assumed coverage on shares of Amentum in a research report on Wednesday, April 16th. They set an “underweight” rating and a $19.00 price objective for the company. Bank of America assumed coverage on shares of Amentum in a research report on Tuesday, June 10th. They set a “neutral” rating and a $24.00 price objective for the company. BTIG Research assumed coverage on shares of Amentum in a research note on Tuesday, April 15th. They set a “buy” rating and a $30.00 target price on the stock. Finally, Royal Bank of Canada set a $24.00 price objective on shares of Amentum and gave the company a “sector perform” rating in a research note on Wednesday, May 21st. One analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, Amentum has a consensus rating of “Hold” and an average target price of $25.22.

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.