Arrowstreet Capital Limited Partnership Invests $1.51 Million in Amentum Holdings, Inc. (NYSE:AMTM)

Arrowstreet Capital Limited Partnership purchased a new stake in Amentum Holdings, Inc. (NYSE:AMTM - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 71,946 shares of the company's stock, valued at approximately $1,513,000.

A number of other hedge funds have also recently bought and sold shares of the business. Anchor Investment Management LLC bought a new position in shares of Amentum during the third quarter worth about $32,000. IFP Advisors Inc lifted its holdings in 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 buying an additional 833 shares during the last quarter. Asset Planning Inc acquired a new position in shares of Amentum in the 4th quarter worth approximately $36,000. Horizon Investments LLC acquired a new position in shares of Amentum in the 4th quarter worth approximately $36,000. Finally, GAMMA Investing LLC increased its holdings in shares of Amentum by 333.1% in 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. Institutional investors and hedge funds own 39.93% of the company's stock.

Analyst Upgrades and Downgrades

AMTM has been the subject of a number of research reports. Truist Financial decreased their price objective on shares of Amentum from $31.00 to $24.00 and set a "buy" rating for the company in a report on Monday. BTIG Research began coverage on shares of Amentum in a report on Tuesday. They issued a "buy" rating and a $30.00 price target for the company. Morgan Stanley began coverage on shares of Amentum in a research note on Wednesday. They set an "underweight" rating and a $19.00 price objective on the stock. The Goldman Sachs Group assumed coverage on Amentum in a research note on Thursday, March 20th. They issued a "neutral" rating and a $21.00 target price for the company. Finally, Cantor Fitzgerald upgraded Amentum to a "hold" rating in a research report on Tuesday, February 25th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $24.71.

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Amentum Stock Performance

Shares of AMTM traded down $0.26 during mid-day trading on Wednesday, reaching $18.50. 1,243,074 shares of the company's stock traded hands, compared to its average volume of 2,877,133. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 1.02. The firm's 50-day simple moving average is $18.95. Amentum Holdings, Inc. has a 12 month low of $16.01 and a 12 month 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 for the quarter, beating the consensus estimate of $0.45 by $0.06. On average, analysts predict that Amentum Holdings, Inc. will post 2.1 earnings per share for the current year.

Insider Activity at Amentum

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

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.