Amentum Holdings, Inc. (NYSE:AMTM) Shares Sold by Sterling Capital Management LLC

Sterling Capital Management LLC decreased its position in shares of Amentum Holdings, Inc. (NYSE:AMTM - Free Report) by 92.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,475 shares of the company's stock after selling 85,755 shares during the period. Sterling Capital Management LLC's holdings in Amentum were worth $157,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AMTM. Paralel Advisors LLC boosted its position in shares of Amentum by 10.0% during the fourth quarter. Paralel Advisors LLC now owns 16,329 shares of the company's stock worth $343,000 after acquiring an additional 1,480 shares during the last quarter. Kennedy Capital Management LLC bought a new position in shares of Amentum during the 4th quarter valued at about $325,000. Treasurer of the State of North Carolina boosted its holdings in shares of Amentum by 4.8% during the 4th quarter. Treasurer of the State of North Carolina now owns 57,093 shares of the company's stock valued at $1,201,000 after purchasing an additional 2,620 shares during the last quarter. Phoenix Financial Ltd. purchased a new position in shares of Amentum during the fourth quarter valued at about $398,000. Finally, CenterBook Partners LP bought a new stake in shares of Amentum in the fourth quarter worth about $1,500,000. Institutional investors own 39.93% of the company's stock.

Amentum Trading Up 9.7 %

Shares of NYSE:AMTM traded up $1.92 during trading on Thursday, hitting $21.67. The stock had a trading volume of 3,457,062 shares, compared to its average volume of 2,864,048. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 1.02. Amentum Holdings, Inc. has a 12-month low of $16.01 and a 12-month high of $34.47. The business's 50-day moving average price is $18.75.

Amentum (NYSE:AMTM - Get Free Report) last posted its quarterly 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. Equities analysts predict that Amentum Holdings, Inc. will post 2.1 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on AMTM. The Goldman Sachs Group began coverage on shares of Amentum in a report on Thursday, March 20th. They issued a "neutral" rating and a $21.00 target price on the stock. Morgan Stanley started coverage on Amentum in a report on Wednesday, April 16th. They issued an "underweight" rating and a $19.00 target price for the company. Truist Financial decreased their price target on Amentum from $31.00 to $24.00 and set a "buy" rating for the company in a research note on Monday, April 14th. BTIG Research assumed coverage on Amentum in a report on Tuesday, April 15th. They issued a "buy" rating and a $30.00 price target for the company. Finally, Royal Bank of Canada restated a "sector perform" rating and set a $24.00 price objective on shares of Amentum in a report on Thursday, February 6th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $24.71.

Insider Activity at Amentum

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

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.