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

Discovery Capital Management LLC CT acquired a new position in shares of Amentum Holdings, Inc. (NYSE:AMTM - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also added to or reduced their stakes in the stock. State Street Corp purchased a new stake in Amentum during the 3rd quarter worth about $236,306,000. Geode Capital Management LLC bought a new stake in Amentum during the 3rd quarter worth approximately $101,022,000. Vanguard Group Inc. boosted its holdings in Amentum by 18.0% in the 4th quarter. Vanguard Group Inc. now owns 16,542,447 shares of the company's stock valued at $347,888,000 after purchasing an additional 2,529,173 shares during the period. Thompson Siegel & Walmsley LLC grew its position in shares of Amentum by 469.4% during the 4th quarter. Thompson Siegel & Walmsley LLC now owns 1,948,684 shares of the company's stock valued at $40,981,000 after purchasing an additional 1,606,442 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of Amentum during the 4th quarter valued at $30,286,000. Institutional investors own 39.93% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently commented on AMTM shares. Cantor Fitzgerald raised Amentum to a "hold" rating in a report on Tuesday, February 25th. The Goldman Sachs Group initiated coverage on shares of Amentum in a report on Thursday, March 20th. They issued a "neutral" rating and a $21.00 price target on the stock. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and set a $24.00 price objective on shares of Amentum in a report on Thursday, February 6th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $26.20.

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Insider Transactions at Amentum

In other Amentum news, insider Steven J. Demetriou bought 100,000 shares of the firm's stock in a transaction on Wednesday, February 12th. The stock was acquired at an average price of $20.81 per share, with a total value of $2,081,000.00. Following 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 ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Barbara Loughran bought 4,600 shares of the stock in a transaction on Tuesday, February 18th. The shares were bought at an average price of $21.23 per share, for a total transaction of $97,658.00. Following the purchase, the director now directly owns 4,600 shares in the company, valued at approximately $97,658. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders own 18.67% of the company's stock.

Amentum Price Performance

Shares of NYSE AMTM traded down $0.91 during midday trading on Friday, hitting $17.39. 3,096,876 shares of the company traded hands, compared to its average volume of 2,913,238. Amentum Holdings, Inc. has a 12-month low of $16.92 and a 12-month high of $34.47. The firm has a 50-day moving average of $19.63. 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 released its earnings results on Tuesday, February 4th. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.45 by $0.06. On average, sell-side analysts expect that Amentum Holdings, Inc. will post 2.1 earnings per share for the current year.

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.