Avenir Corp Purchases New Shares in Amentum Holdings, Inc. (NYSE:AMTM)

Avenir Corp acquired a new stake in Amentum Holdings, Inc. (NYSE:AMTM - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 193,470 shares of the company's stock, valued at approximately $4,069,000. Amentum makes up 0.4% of Avenir Corp's portfolio, making the stock its 24th largest position. Avenir Corp owned about 0.08% of Amentum as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently added to or reduced their stakes in the business. CIBC Private Wealth Group LLC boosted its stake in Amentum by 9.7% during the fourth quarter. CIBC Private Wealth Group LLC now owns 7,639 shares of the company's stock valued at $164,000 after buying an additional 675 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Amentum by 22.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 3,978 shares of the company's stock valued at $84,000 after purchasing an additional 730 shares in the last quarter. IFP Advisors Inc raised its stake in Amentum by 119.2% during the fourth quarter. IFP Advisors Inc now owns 1,532 shares of the company's stock valued at $35,000 after purchasing an additional 833 shares in the last quarter. Anchor Investment Management LLC bought a new position in Amentum during the third quarter valued at $32,000. 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 worth $37,000 after buying an additional 1,349 shares during the last quarter. 39.93% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Amentum

In other news, insider Steven J. Demetriou purchased 100,000 shares of the company's stock in a transaction on Wednesday, February 12th. The shares were acquired at an average price of $20.81 per share, for a total transaction of $2,081,000.00. Following the purchase, the insider now owns 620,893 shares in the company, valued at $12,920,783.33. This trade 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 accessible through this hyperlink. Also, Director Barbara Loughran purchased 4,600 shares of Amentum stock in a transaction on Tuesday, February 18th. The shares were acquired at an average cost of $21.23 per share, with a total value of $97,658.00. Following the completion of the transaction, the director now directly owns 4,600 shares in the company, valued at $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 owned by corporate insiders.

Amentum Stock Performance

Shares of Amentum stock traded up $0.78 during trading on Tuesday, hitting $19.20. 424,144 shares of the stock traded hands, compared to its average volume of 2,484,114. 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 fifty day moving average is $18.73. Amentum Holdings, Inc. has a 52-week low of $16.01 and a 52-week high of $34.50.

Amentum (NYSE:AMTM - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.06. On average, equities research analysts expect that Amentum Holdings, Inc. will post 2.1 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on AMTM shares. The Goldman Sachs Group assumed coverage on Amentum in a research note on Thursday, March 20th. They set a "neutral" rating and a $21.00 price objective on the stock. Royal Bank of Canada reissued a "sector perform" rating and issued a $24.00 target price on shares of Amentum in a research note on Thursday, February 6th. Cantor Fitzgerald upgraded Amentum to a "hold" rating in a research report on Tuesday, February 25th. BTIG Research started coverage on Amentum in a report on Tuesday, April 15th. They set a "buy" rating and a $30.00 price objective for the company. Finally, Truist Financial reduced their target price on Amentum from $31.00 to $24.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. One investment 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 company has an average rating of "Hold" and an average price target of $24.71.

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.