25,000 Shares in Amentum Holdings, Inc. (NYSE:AMTM) Acquired by Alpine Global Management LLC

Alpine Global Management LLC acquired a new stake in Amentum Holdings, Inc. (NYSE:AMTM - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 25,000 shares of the company's stock, valued at approximately $526,000.

Several other hedge funds have also bought and sold shares of AMTM. Vanguard Group Inc. boosted its position in Amentum by 18.0% during the fourth quarter. Vanguard Group Inc. now owns 16,542,447 shares of the company's stock worth $347,888,000 after purchasing an additional 2,529,173 shares in the last quarter. Invesco Ltd. boosted its position in shares of Amentum by 77.6% during the 4th quarter. Invesco Ltd. now owns 13,856,239 shares of the company's stock worth $291,397,000 after purchasing an additional 6,055,638 shares during the period. Primecap Management Co. CA boosted its holdings in Amentum by 21.7% during the 4th quarter. Primecap Management Co. CA now owns 6,414,379 shares of the company's stock valued at $134,894,000 after acquiring an additional 1,143,097 shares during the period. Cooper Creek Partners Management LLC grew its stake in shares of Amentum by 396.3% in the fourth quarter. Cooper Creek Partners Management LLC now owns 4,157,034 shares of the company's stock worth $87,422,000 after acquiring an additional 3,319,364 shares in the last quarter. Finally, Wellington Management Group LLP raised its stake in shares of Amentum by 149.5% in the fourth quarter. Wellington Management Group LLP now owns 2,333,221 shares of the company's stock valued at $49,068,000 after acquiring an additional 1,398,143 shares in the last quarter. Hedge funds and other institutional investors own 39.93% of the company's stock.

Insider Activity

In other Amentum news, insider Steven J. Demetriou purchased 100,000 shares of the firm's stock in a transaction that occurred on Wednesday, February 12th. The shares were purchased at an average cost of $20.81 per share, for a total transaction of $2,081,000.00. Following the completion of the purchase, the insider now directly owns 620,893 shares in the company, valued at $12,920,783.33. This represents a 19.20 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Barbara Loughran purchased 4,600 shares of the business's stock in a transaction dated 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 acquisition, the director now directly owns 4,600 shares in the company, valued at approximately $97,658. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 18.67% of the company's stock.

Amentum Price Performance

AMTM traded up $0.20 on Friday, reaching $21.88. The company had a trading volume of 2,411,450 shares, compared to its average volume of 2,860,884. The stock has a 50-day moving average price of $18.76 and a 200-day moving average price of $22.24. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.59 and a quick ratio of 1.59. Amentum Holdings, Inc. has a 1 year low of $16.01 and a 1 year high of $34.47.

Amentum (NYSE:AMTM - Get Free Report) last announced its earnings results 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. On average, equities analysts predict that Amentum Holdings, Inc. will post 2.1 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts recently commented on the company. Morgan Stanley assumed coverage on Amentum in a research note on Wednesday, April 16th. They set an "underweight" rating and a $19.00 target price for the company. BTIG Research started coverage on shares of Amentum in a report on Tuesday, April 15th. They issued a "buy" rating and a $30.00 target price on the stock. The Goldman Sachs Group started coverage on shares of Amentum in a report on Thursday, March 20th. They set a "neutral" rating and a $21.00 price target for the company. Cantor Fitzgerald upgraded shares of Amentum to a "hold" rating in a report on Tuesday, February 25th. Finally, Truist Financial lowered their target price on shares of Amentum from $31.00 to $24.00 and set a "buy" rating for the company in a research note on Monday, April 14th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Amentum presently has a consensus rating of "Hold" and a consensus target price of $24.71.

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.