Bryn Mawr Capital Management LLC Has $1.25 Million Stake in Amentum Holdings, Inc. (NYSE:AMTM)

Bryn Mawr Capital Management LLC increased its position in shares of Amentum Holdings, Inc. (NYSE:AMTM - Free Report) by 34.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 59,474 shares of the company's stock after buying an additional 15,387 shares during the period. Bryn Mawr Capital Management LLC's holdings in Amentum were worth $1,251,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of AMTM. National Pension Service bought a new stake in shares of Amentum in the fourth quarter valued at about $327,000. Amalgamated Bank grew its stake in Amentum by 51.1% during the fourth quarter. Amalgamated Bank now owns 38,610 shares of the company's stock worth $812,000 after buying an additional 13,053 shares during the last quarter. Pine Valley Investments Ltd Liability Co raised its position in Amentum by 88.4% in the 4th quarter. Pine Valley Investments Ltd Liability Co now owns 39,560 shares of the company's stock valued at $832,000 after purchasing an additional 18,567 shares during the last quarter. Crestwood Advisors Group LLC lifted its position in Amentum by 16.8% during the 4th quarter. Crestwood Advisors Group LLC now owns 93,522 shares of the company's stock worth $1,967,000 after buying an additional 13,451 shares in the last quarter. Finally, IFP Advisors Inc grew its stake in shares of 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 during the last quarter. 39.93% of the stock is currently owned by institutional investors and hedge funds.

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Insider Buying and Selling at Amentum

In other news, insider Steven J. Demetriou bought 100,000 shares of the company's stock in a transaction on Wednesday, February 12th. The stock was purchased at an average cost 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 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 purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Barbara Loughran bought 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, for a total transaction of $97,658.00. Following the completion of the acquisition, 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 disclosure for this purchase can be found here. Insiders own 18.67% of the company's stock.

Analyst Upgrades and Downgrades

AMTM has been the topic of several recent research reports. Cantor Fitzgerald upgraded Amentum to a "hold" rating in a research report on Tuesday, February 25th. Royal Bank of Canada restated a "sector perform" rating and issued a $24.00 price target on shares of Amentum in a report on Thursday, February 6th. Finally, Raymond James initiated coverage on shares of Amentum in a research note on Thursday, November 21st. They issued an "outperform" rating and a $30.00 price target on the stock.

Amentum Stock Performance

Shares of AMTM traded up $0.40 during mid-day trading on Friday, reaching $19.64. The company's stock had a trading volume of 2,080,353 shares, compared to its average volume of 2,201,194. The business's 50-day moving average price is $21.28. Amentum Holdings, Inc. has a 1-year low of $18.38 and a 1-year high of $34.50. 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 (NYSE:AMTM - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.51 earnings per share (EPS) for the quarter, beating 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 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.