Kennedy Capital Management LLC Purchases New Position in Amentum Holdings, Inc. (NYSE:AMTM)

Kennedy Capital Management LLC purchased a new stake in Amentum Holdings, Inc. (NYSE:AMTM - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 15,449 shares of the company's stock, valued at approximately $325,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Treasurer of the State of North Carolina grew its stake in Amentum by 4.8% in the 4th quarter. Treasurer of the State of North Carolina now owns 57,093 shares of the company's stock valued at $1,201,000 after acquiring an additional 2,620 shares during the period. Phoenix Financial Ltd. acquired a new stake in shares of Amentum in the fourth quarter valued at about $398,000. CenterBook Partners LP acquired a new position in shares of Amentum during the 4th quarter worth about $1,500,000. DRW Securities LLC purchased a new position in shares of Amentum in the fourth quarter valued at approximately $259,000. Finally, FIL Ltd boosted its stake in Amentum by 144.0% during the 4th quarter. FIL Ltd now owns 1,793,553 shares of the company's stock worth $37,718,000 after purchasing an additional 1,058,441 shares during the last quarter. 39.93% of the stock is owned by hedge funds and other institutional investors.

Amentum Stock Down 1.3 %

NYSE AMTM traded down $0.24 on Monday, reaching $18.56. The stock had a trading volume of 100,897 shares, compared to its average volume of 2,854,686. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 1.02. The company's fifty day moving average price is $18.77. Amentum Holdings, Inc. has a 12-month low of $16.01 and a 12-month high of $34.47.

Amentum (NYSE:AMTM - Get Free Report) last announced its earnings results on Tuesday, February 4th. The company reported $0.51 EPS for the quarter, beating analysts' consensus estimates of $0.45 by $0.06. Research analysts predict that Amentum Holdings, Inc. will post 2.1 EPS for the current year.

Insider Buying and Selling at Amentum

In other news, insider Steven J. Demetriou purchased 100,000 shares of the firm's stock in a transaction that occurred on Wednesday, February 12th. The stock was bought at an average price of $20.81 per share, for a total transaction of $2,081,000.00. Following the completion of the purchase, the insider now directly owns 620,893 shares of the company's stock, valued at $12,920,783.33. The trade was a 19.20 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Barbara Loughran acquired 4,600 shares of the company's stock in a transaction on Tuesday, February 18th. The stock was purchased at an average cost of $21.23 per share, for a total transaction of $97,658.00. Following the completion of the transaction, the director now owns 4,600 shares in the company, valued at approximately $97,658. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. 18.67% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have commented on AMTM. Morgan Stanley assumed coverage on shares of Amentum in a report on Wednesday, April 16th. They issued an "underweight" rating and a $19.00 price objective for the company. Royal Bank of Canada reiterated a "sector perform" rating and set a $24.00 price objective on shares of Amentum in a research report on Thursday, February 6th. BTIG Research started coverage on Amentum in a report on Tuesday, April 15th. They issued a "buy" rating and a $30.00 target price for the company. Cantor Fitzgerald upgraded Amentum to a "hold" rating in a report on Tuesday, February 25th. Finally, The Goldman Sachs Group began coverage on shares of Amentum in a research report on Thursday, March 20th. They set a "neutral" rating and a $21.00 price objective for the company. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price 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.