Amentum Holdings, Inc. (NYSE:AMTM) Short Interest Down 26.7% in December

Amentum Holdings, Inc. (NYSE:AMTM) saw a significant decline in short interest in the month of December. As of December 15th, there was short interest totaling 7,000,683 shares, a decline of 26.7% from the November 30th total of 9,555,161 shares. Based on an average daily volume of 2,555,364 shares, the short-interest ratio is presently 2.7 days. Currently, 3.5% of the company’s shares are sold short. Currently, 3.5% of the company’s shares are sold short. Based on an average daily volume of 2,555,364 shares, the short-interest ratio is presently 2.7 days.

Amentum Stock Down 0.7%

Amentum stock opened at $29.70 on Monday. The company has a market capitalization of $7.24 billion, a PE ratio of 110.02, a price-to-earnings-growth ratio of 0.99 and a beta of -0.02. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.32 and a current ratio of 1.32. Amentum has a fifty-two week low of $16.01 and a fifty-two week high of $31.87. The firm has a 50 day moving average price of $25.86 and a 200 day moving average price of $24.72.

Amentum (NYSE:AMTM) last released its quarterly earnings results on Monday, November 24th. The company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.59 by $0.04. Amentum had a return on equity of 11.57% and a net margin of 0.46%.The business had revenue of $3.93 billion during the quarter, compared to analyst estimates of $3.61 billion. The firm’s quarterly revenue was up 10.1% on a year-over-year basis. Research analysts expect that Amentum will post 2.1 earnings per share for the current year.

Institutional Trading of Amentum

Hedge funds have recently made changes to their positions in the business. State of Alaska Department of Revenue boosted its holdings in Amentum by 13.2% in the second quarter. State of Alaska Department of Revenue now owns 89,832 shares of the company’s stock valued at $2,120,000 after purchasing an additional 10,487 shares in the last quarter. Geode Capital Management LLC raised its holdings in Amentum by 9.3% during the second quarter. Geode Capital Management LLC now owns 2,513,161 shares of the company’s stock worth $59,352,000 after purchasing an additional 213,164 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Amentum by 14.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 868,206 shares of the company’s stock worth $20,498,000 after buying an additional 107,697 shares during the last quarter. Voya Investment Management LLC boosted its holdings in shares of Amentum by 66.5% in the 3rd quarter. Voya Investment Management LLC now owns 1,084,969 shares of the company’s stock valued at $25,985,000 after buying an additional 433,397 shares in the last quarter. Finally, Invesco Ltd. grew its position in shares of Amentum by 13.9% in the 2nd quarter. Invesco Ltd. now owns 19,577,241 shares of the company’s stock valued at $462,219,000 after buying an additional 2,386,131 shares during the last quarter. Institutional investors and hedge funds own 39.93% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on AMTM shares. JMP Securities set a $35.00 price target on shares of Amentum in a report on Wednesday, November 26th. Royal Bank Of Canada increased their price objective on Amentum from $26.00 to $30.00 and gave the stock a “sector perform” rating in a research report on Wednesday, November 26th. Wall Street Zen cut Amentum from a “strong-buy” rating to a “buy” rating in a research note on Sunday. BTIG Research lifted their target price on Amentum from $30.00 to $35.00 and gave the company a “buy” rating in a research report on Wednesday, December 3rd. Finally, Truist Financial increased their price target on Amentum from $30.00 to $34.00 and gave the stock a “buy” rating in a report on Wednesday, November 26th. Seven equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $32.17.

Amentum Company Profile

Amentum is a government services provider specializing in mission-critical solutions for defense, federal civilian and commercial customers around the globe. The company delivers integrated services that span the full lifecycle of complex programs and facilities, including engineering, program and project management, logistics, operations, maintenance and environmental remediation.

Core offerings include infrastructure support, energy and facilities management, environmental solutions and nuclear services.