GAMMA Investing LLC Buys 1,306 Shares of Amentum Holdings, Inc. $AMTM

GAMMA Investing LLC increased its stake in Amentum Holdings, Inc. (NYSE:AMTM) by 41.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,443 shares of the company’s stock after purchasing an additional 1,306 shares during the period. GAMMA Investing LLC’s holdings in Amentum were worth $105,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of AMTM. American Securities LLC bought a new stake in shares of Amentum during the 1st quarter worth approximately $798,869,000. Invesco Ltd. raised its position in Amentum by 24.1% during the first quarter. Invesco Ltd. now owns 17,191,110 shares of the company’s stock valued at $312,878,000 after purchasing an additional 3,334,871 shares in the last quarter. Primecap Management Co. CA raised its position in Amentum by 56.9% during the first quarter. Primecap Management Co. CA now owns 10,061,589 shares of the company’s stock valued at $183,121,000 after purchasing an additional 3,647,210 shares in the last quarter. Voss Capital LP raised its position in Amentum by 393.7% during the first quarter. Voss Capital LP now owns 2,220,709 shares of the company’s stock valued at $40,417,000 after purchasing an additional 1,770,891 shares in the last quarter. Finally, Millennium Management LLC increased its stake in shares of Amentum by 68.1% in the 1st quarter. Millennium Management LLC now owns 2,011,792 shares of the company’s stock valued at $36,615,000 after purchasing an additional 815,218 shares during the last quarter. 39.93% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently issued reports on AMTM. Raymond James Financial reiterated an “outperform” rating and issued a $30.00 price target on shares of Amentum in a research note on Monday, August 18th. Truist Financial increased their target price on shares of Amentum from $24.00 to $30.00 and gave the stock a “buy” rating in a report on Thursday, July 24th. The Goldman Sachs Group increased their target price on shares of Amentum from $21.00 to $26.00 and gave the stock a “neutral” rating in a report on Wednesday, August 13th. Morgan Stanley upped their price objective on shares of Amentum from $19.00 to $20.00 and gave the stock an “underweight” rating in a research report on Thursday, September 18th. Finally, Bank of America upped their price objective on shares of Amentum from $26.00 to $27.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 13th. Six equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $28.40.

Amentum Trading Up 4.9%

Shares of AMTM stock opened at $25.11 on Thursday. The stock has a market cap of $6.11 billion and a price-to-earnings ratio of 64.39. The stock has a 50-day moving average of $24.35 and a 200-day moving average of $22.26. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 0.97. Amentum Holdings, Inc. has a 1-year low of $16.01 and a 1-year high of $34.47.

Amentum (NYSE:AMTM) last announced its earnings results on Tuesday, August 5th. The company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.53 by $0.03. Amentum had a return on equity of 10.90% and a net margin of 0.41%.The business had revenue of $2.23 billion for the quarter, compared to analysts’ expectations of $3.51 billion. The firm’s revenue was up 66.2% compared to the same quarter last year. Amentum has set its FY 2025 guidance at 2.050-2.200 EPS. On average, equities research analysts forecast that Amentum Holdings, Inc. will post 2.1 earnings per share for the current 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.