California Public Employees Retirement System Sells 58,718 Shares of Amentum Holdings, Inc. (NYSE:AMTM)

California Public Employees Retirement System decreased its position in Amentum Holdings, Inc. (NYSE:AMTM - Free Report) by 22.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 197,519 shares of the company's stock after selling 58,718 shares during the quarter. California Public Employees Retirement System owned 0.08% of Amentum worth $4,154,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of AMTM. Anchor Investment Management LLC purchased a new position in Amentum in the third quarter valued at about $32,000. IFP Advisors Inc boosted its holdings in shares of Amentum by 119.2% during the 4th quarter. IFP Advisors Inc now owns 1,532 shares of the company's stock worth $35,000 after purchasing an additional 833 shares during the last quarter. Asset Planning Inc acquired a new stake in shares of Amentum during the 4th quarter worth approximately $36,000. Horizon Investments LLC acquired a new stake in Amentum in the 4th quarter valued at approximately $36,000. Finally, GAMMA Investing LLC boosted its stake in shares of Amentum by 333.1% in the fourth quarter. GAMMA Investing LLC now owns 1,754 shares of the company's stock valued at $37,000 after purchasing an additional 1,349 shares during the period. Hedge funds and other institutional investors own 39.93% of the company's stock.

Insider Buying and Selling

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

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Amentum Price Performance

Shares of NYSE AMTM traded up $0.26 during mid-day trading on Monday, reaching $18.41. The company had a trading volume of 118,921 shares, compared to its average volume of 2,878,550. The business has a fifty day simple moving average of $19.11. Amentum Holdings, Inc. has a 12-month low of $16.01 and a 12-month high of $34.47. 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 (NYSE:AMTM - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.45 by $0.06. Equities research analysts predict that Amentum Holdings, Inc. will post 2.1 earnings per share for the current fiscal year.

Analysts Set New Price Targets

AMTM has been the subject of a number of recent analyst reports. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $24.00 price target on shares of Amentum in a report on Thursday, February 6th. Cantor Fitzgerald upgraded shares of Amentum to a "hold" rating in a research report on Tuesday, February 25th. Truist Financial cut 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. Finally, The Goldman Sachs Group initiated coverage on Amentum in a report on Thursday, March 20th. They issued a "neutral" rating and a $21.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $24.80.

Amentum Company 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.