HighTower Advisors LLC Trims Stock Holdings in Amentum Holdings, Inc. (NYSE:AMTM)

HighTower Advisors LLC decreased its position in shares of Amentum Holdings, Inc. (NYSE:AMTM - Free Report) by 63.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,553 shares of the company's stock after selling 29,350 shares during the quarter. HighTower Advisors LLC's holdings in Amentum were worth $348,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Anchor Investment Management LLC purchased a new position in Amentum during the 3rd quarter valued at about $32,000. Glen Eagle Advisors LLC purchased a new position in shares of Amentum during the 3rd quarter worth approximately $35,000. IFP Advisors Inc increased its stake in shares of Amentum by 119.2% during the 4th quarter. IFP Advisors Inc now owns 1,532 shares of the company's stock worth $35,000 after purchasing an additional 833 shares in the last quarter. Asset Planning Inc acquired a new position in shares of Amentum during the 4th quarter worth approximately $36,000. Finally, GAMMA Investing LLC lifted its stake in Amentum by 333.1% in the 4th quarter. GAMMA Investing LLC now owns 1,754 shares of the company's stock valued at $37,000 after buying an additional 1,349 shares in the last quarter. Institutional investors and hedge funds own 39.93% of the company's stock.

Insider Transactions at Amentum

In other Amentum news, insider Steven J. Demetriou acquired 100,000 shares of the company's stock in a transaction dated Wednesday, February 12th. The stock was bought at an average price 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 of the company's stock, valued at approximately $12,920,783.33. The trade was a 19.20 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Barbara Loughran bought 4,600 shares of the stock in a transaction dated Tuesday, February 18th. The stock was bought at an average price of $21.23 per share, with a total value of $97,658.00. Following the purchase, the director now owns 4,600 shares of the company's stock, valued at approximately $97,658. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders own 18.67% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on AMTM. Cantor Fitzgerald raised Amentum to a "hold" rating in a report on Tuesday, February 25th. Royal Bank of Canada reiterated a "sector perform" rating and set a $24.00 price target on shares of Amentum in a report on Thursday, February 6th. Finally, The Goldman Sachs Group started coverage on shares of Amentum in a research report on Thursday, March 20th. They issued a "neutral" rating and a $21.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $26.20.

Amentum Stock Down 5.0 %

AMTM traded down $0.91 during midday trading on Friday, hitting $17.39. The company's stock had a trading volume of 3,097,081 shares, compared to its average volume of 2,913,240. Amentum Holdings, Inc. has a 52-week low of $16.92 and a 52-week 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. The firm has a 50-day simple moving average of $19.63.

Amentum (NYSE:AMTM - Get Free Report) last issued its quarterly 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, research analysts expect that Amentum Holdings, Inc. will post 2.1 earnings per share for the current 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.