Corebridge Financial Inc. Lowers Stock Position in Amentum Holdings, Inc. (NYSE:AMTM)

Corebridge Financial Inc. decreased its position in shares of Amentum Holdings, Inc. (NYSE:AMTM - Free Report) by 83.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,278 shares of the company's stock after selling 25,806 shares during the quarter. Corebridge Financial Inc.'s holdings in Amentum were worth $111,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC boosted its stake in shares of Amentum by 22.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 3,978 shares of the company's stock worth $84,000 after acquiring an additional 730 shares in the last quarter. IFP Advisors Inc boosted its holdings in Amentum by 119.2% in 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. Anchor Investment Management LLC purchased a new stake in shares of Amentum during the third quarter worth approximately $32,000. GAMMA Investing LLC grew its holdings in shares of Amentum by 333.1% during the fourth quarter. GAMMA Investing LLC now owns 1,754 shares of the company's stock worth $37,000 after buying an additional 1,349 shares in the last quarter. Finally, Asset Planning Inc purchased a new stake in Amentum during the 4th quarter valued at about $36,000. Institutional investors and hedge funds own 39.93% of the company's stock.

Insider Activity

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

Amentum Price Performance

AMTM traded up $0.05 on Friday, reaching $18.75. The company had a trading volume of 1,572,004 shares, compared to its average volume of 2,874,487. The stock's 50-day simple moving average is $18.77. Amentum Holdings, Inc. has a 1 year low of $16.01 and a 1 year high of $34.47. 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 (NYSE:AMTM - Get Free Report) last posted 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. As a group, sell-side analysts anticipate that Amentum Holdings, Inc. will post 2.1 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have issued reports on AMTM shares. Cantor Fitzgerald raised Amentum to a "hold" rating in a research note on Tuesday, February 25th. Royal Bank of Canada reissued a "sector perform" rating and issued a $24.00 target price on shares of Amentum in a research report on Thursday, February 6th. The Goldman Sachs Group assumed coverage on shares of Amentum in a research note on Thursday, March 20th. They set a "neutral" rating and a $21.00 price target on the stock. Truist Financial reduced their price objective on Amentum from $31.00 to $24.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Finally, Morgan Stanley began coverage on shares of Amentum in a report on Wednesday. They issued an "underweight" rating and a $19.00 target price on the stock. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Amentum currently has an average rating of "Hold" and a consensus 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.