Victory Capital Management Inc. Sells 169,831 Shares of Amentum Holdings, Inc. (NYSE:AMTM)

Victory Capital Management Inc. trimmed its holdings in shares of Amentum Holdings, Inc. (NYSE:AMTM - Free Report) by 80.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 42,319 shares of the company's stock after selling 169,831 shares during the period. Victory Capital Management Inc.'s holdings in Amentum were worth $890,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in AMTM. Anchor Investment Management LLC acquired a new stake in Amentum during the 3rd quarter worth $32,000. Glen Eagle Advisors LLC acquired a new stake in shares of Amentum during the third quarter worth about $35,000. IFP Advisors Inc grew its holdings in shares of Amentum by 119.2% during the fourth quarter. IFP Advisors Inc now owns 1,532 shares of the company's stock worth $35,000 after buying an additional 833 shares during the last quarter. Asset Planning Inc acquired a new position in Amentum in the 4th quarter valued at about $36,000. Finally, GAMMA Investing LLC raised its stake in Amentum by 333.1% during the 4th quarter. GAMMA Investing LLC now owns 1,754 shares of the company's stock valued at $37,000 after acquiring an additional 1,349 shares during the last quarter. Hedge funds and other institutional investors own 39.93% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on AMTM. Cantor Fitzgerald upgraded shares of Amentum to a "hold" rating in a research report on Tuesday, February 25th. Royal Bank of Canada reiterated a "sector perform" rating and set a $24.00 price target on shares of Amentum in a research note on Thursday, February 6th. Finally, The Goldman Sachs Group began coverage on Amentum in a report on Thursday. They issued a "neutral" rating and a $21.00 price objective on the stock. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $26.20.

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Insider Buying and Selling

In other news, Director Barbara Loughran purchased 4,600 shares of the stock in a transaction dated Tuesday, February 18th. The stock was acquired at an average price of $21.23 per share, for a total transaction of $97,658.00. Following the completion of the transaction, the director now owns 4,600 shares of the company's stock, valued at approximately $97,658. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Steven J. Demetriou bought 100,000 shares of the 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 acquisition, the insider now owns 620,893 shares of the company's stock, valued at $12,920,783.33. This trade represents 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 currently owned by company insiders.

Amentum Stock Performance

NYSE AMTM traded up $0.30 during mid-day trading on Monday, hitting $18.62. The stock had a trading volume of 1,770,254 shares, compared to its average volume of 2,770,329. The stock has a 50 day moving average price of $20.44. 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 52-week low of $16.95 and a 52-week high of $34.47.

Amentum (NYSE:AMTM - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.45 by $0.06. Sell-side analysts expect that Amentum Holdings, Inc. will post 2.1 EPS for the current fiscal year.

About Amentum

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.