Everett Harris & Co. CA reduced its stake in Amentum Holdings, Inc. (NYSE:AMTM - Free Report) by 58.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 41,888 shares of the company's stock after selling 59,905 shares during the quarter. Everett Harris & Co. CA's holdings in Amentum were worth $881,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Dover Advisors LLC acquired a new stake in Amentum during the third quarter worth approximately $219,000. McKinley Carter Wealth Services Inc. purchased a new stake in shares of Amentum during the 3rd quarter valued at about $1,764,000. Heritage Family Offices LLP purchased a new position in shares of Amentum in the third quarter valued at $308,000. ZWJ Investment Counsel Inc. purchased a new position in shares of Amentum during the 3rd quarter valued at approximately $2,256,000. Finally, Compass Wealth Management LLC bought a new position in shares of Amentum during the third quarter worth about $804,000. Institutional investors and hedge funds own 39.93% of the company's stock.
Amentum Stock Up 11.7 %
Amentum stock traded up $2.40 during mid-day trading on Wednesday, hitting $22.90. 3,615,824 shares of the company's stock traded hands, compared to its average volume of 2,322,825. The company has a 50 day moving average price of $22.07. Amentum Holdings, Inc. has a one year low of $18.38 and a one year high of $34.50. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.57 and a quick ratio of 1.57.
Amentum (NYSE:AMTM - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.45 by $0.06. As a group, research analysts forecast that Amentum Holdings, Inc. will post 2.1 EPS for the current year.
Analysts Set New Price Targets
Several equities research analysts recently issued reports on AMTM shares. Royal Bank of Canada began coverage on Amentum in a research report on Friday, January 10th. They set a "sector perform" rating and a $24.00 price target on the stock. Truist Financial assumed coverage on shares of Amentum in a research report on Monday, October 14th. They set a "buy" rating and a $31.00 price objective for the company. Finally, Raymond James started coverage on Amentum in a report on Thursday, November 21st. They set an "outperform" rating and a $30.00 target price for the company.
Read Our Latest Stock Analysis on Amentum
Amentum Profile
(
Free Report)
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.
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