Discovery Capital Management LLC CT Invests $9.79 Million in Amentum Holdings, Inc. (NYSE:AMTM)

Discovery Capital Management LLC CT bought a new position in Amentum Holdings, Inc. (NYSE:AMTM - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 465,300 shares of the company's stock, valued at approximately $9,785,000. Discovery Capital Management LLC CT owned about 0.19% of Amentum at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in shares of Amentum by 18.0% during the 4th quarter. Vanguard Group Inc. now owns 16,542,447 shares of the company's stock valued at $347,888,000 after buying an additional 2,529,173 shares during the period. State Street Corp purchased a new stake in shares of Amentum during the 3rd quarter valued at about $236,306,000. Primecap Management Co. CA lifted its stake in shares of Amentum by 21.7% in the 4th quarter. Primecap Management Co. CA now owns 6,414,379 shares of the company's stock worth $134,894,000 after purchasing an additional 1,143,097 shares during the period. Geode Capital Management LLC purchased a new position in shares of Amentum in the third quarter worth approximately $101,022,000. Finally, Wellington Management Group LLP grew its position in Amentum by 149.5% during the fourth quarter. Wellington Management Group LLP now owns 2,333,221 shares of the company's stock valued at $49,068,000 after buying an additional 1,398,143 shares during the period. Institutional investors own 39.93% of the company's stock.

Insider Transactions at Amentum

In other Amentum news, Director Barbara Loughran acquired 4,600 shares of the stock in a transaction on 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 directly owns 4,600 shares of the company's stock, valued at $97,658. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Steven J. Demetriou bought 100,000 shares of the firm's stock in a transaction dated 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 completion of the transaction, the insider now directly owns 620,893 shares in the company, valued at approximately $12,920,783.33. This represents a 19.20 % increase in their position. The disclosure for this purchase can be found here. Insiders own 18.67% of the company's stock.

Wall Street Analysts Forecast Growth

AMTM has been the subject of a number of recent research reports. Royal Bank of Canada reissued a "sector perform" rating and set a $24.00 price objective on shares of Amentum in a research report on Thursday, February 6th. The Goldman Sachs Group started coverage on Amentum in a research note on Thursday, March 20th. They issued a "neutral" rating and a $21.00 price objective on the stock. Finally, Cantor Fitzgerald raised shares of Amentum to a "hold" rating in a report on Tuesday, February 25th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $26.20.

Amentum Trading Down 5.0 %

Shares of Amentum stock traded down $0.91 on Friday, hitting $17.39. 3,097,196 shares of the company traded hands, compared to its average volume of 2,913,412. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.59 and a quick ratio of 1.59. The company's 50-day moving average price is $19.55. Amentum Holdings, Inc. has a 52 week low of $16.90 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, beating the consensus estimate of $0.45 by $0.06. On average, equities analysts predict that Amentum Holdings, Inc. will post 2.1 earnings per share for the current fiscal year.

Amentum 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.