Proficio Capital Partners LLC Makes New Investment in Amentum Holdings, Inc. (NYSE:AMTM)

Proficio Capital Partners LLC acquired a new stake in shares of Amentum Holdings, Inc. (NYSE:AMTM - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 71,522 shares of the company's stock, valued at approximately $1,504,000.

Several other hedge funds also recently bought and sold shares of AMTM. Smithfield Trust Co purchased a new stake in Amentum in the 4th quarter valued at about $155,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of Amentum by 66.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,264,257 shares of the company's stock valued at $26,587,000 after purchasing an additional 503,741 shares during the period. Jones Financial Companies Lllp bought a new position in Amentum in the fourth quarter worth approximately $778,000. US Bancorp DE grew its stake in Amentum by 2,872.6% in the fourth quarter. US Bancorp DE now owns 27,942 shares of the company's stock worth $588,000 after purchasing an additional 27,002 shares in the last quarter. Finally, Mutual of America Capital Management LLC purchased a new position in Amentum during the 4th quarter worth $395,000. Institutional investors own 39.93% of the company's stock.

Insider Transactions at Amentum

In related news, insider Steven J. Demetriou acquired 100,000 shares of the firm's stock in a transaction that occurred on Wednesday, February 12th. The stock was purchased at an average cost of $20.81 per share, with a total value of $2,081,000.00. Following the transaction, the insider now directly owns 620,893 shares of the company's stock, valued at $12,920,783.33. This trade represents a 19.20 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Barbara Loughran bought 4,600 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was bought at an average price of $21.23 per share, with a total value of $97,658.00. Following the completion of the purchase, the director now directly owns 4,600 shares in the company, valued at $97,658. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 18.67% of the company's stock.

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Amentum Price Performance

AMTM stock traded up $0.30 during trading on Monday, reaching $18.62. 1,770,254 shares of the company traded hands, compared to its average volume of 2,770,329. 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 company's 50 day moving average price is $20.44. Amentum Holdings, Inc. has a 12 month low of $16.95 and a 12 month high of $34.47.

Amentum (NYSE:AMTM - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.51 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.45 by $0.06. Research analysts predict that Amentum Holdings, Inc. will post 2.1 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Cantor Fitzgerald raised Amentum to a "hold" rating in a research report on Tuesday, February 25th. The Goldman Sachs Group assumed coverage on shares of Amentum in a report on Thursday. They set a "neutral" rating and a $21.00 target price on the stock. Finally, Royal Bank of Canada restated a "sector perform" rating and issued 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 assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $26.20.

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.