Legal & General Group Plc Reduces Holdings in Amentum Holdings, Inc. (NYSE:AMTM)

Legal & General Group Plc decreased its stake in Amentum Holdings, Inc. (NYSE:AMTM - Free Report) by 18.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 678,103 shares of the company's stock after selling 153,804 shares during the quarter. Legal & General Group Plc owned approximately 0.28% of Amentum worth $14,261,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AMTM. CIBC Private Wealth Group LLC boosted its stake in Amentum by 9.7% in the 4th quarter. CIBC Private Wealth Group LLC now owns 7,639 shares of the company's stock worth $164,000 after purchasing an additional 675 shares during the period. EverSource Wealth Advisors LLC grew its stake in Amentum by 22.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 3,978 shares of the company's stock worth $84,000 after acquiring an additional 730 shares in the last quarter. IFP Advisors Inc increased its stake in shares of Amentum by 119.2% during the fourth quarter. IFP Advisors Inc now owns 1,532 shares of the company's stock valued at $35,000 after buying an additional 833 shares during the period. Anchor Investment Management LLC purchased a new stake in Amentum during the third quarter worth $32,000. Finally, GAMMA Investing LLC lifted its position in shares of Amentum by 333.1% during the fourth 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 during the last quarter. Institutional investors own 39.93% of the company's stock.

Amentum Price Performance

AMTM stock traded down $0.27 during trading on Monday, hitting $18.53. 73,363 shares of the company's stock were exchanged, compared to its average volume of 2,854,426. Amentum Holdings, Inc. has a 52-week low of $16.01 and a 52-week high of $34.47. 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 firm's 50-day moving average price is $18.77.

Amentum (NYSE:AMTM - Get Free Report) last posted 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. Equities research analysts anticipate that Amentum Holdings, Inc. will post 2.1 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

AMTM has been the subject of a number of research analyst reports. Cantor Fitzgerald upgraded Amentum to a "hold" rating in a research note on Tuesday, February 25th. Truist Financial reduced their target price on Amentum from $31.00 to $24.00 and set a "buy" rating for the company in a report on Monday, April 14th. The Goldman Sachs Group initiated coverage on Amentum in a report on Thursday, March 20th. They issued a "neutral" rating and a $21.00 price target for the company. BTIG Research started coverage on Amentum in a research note on Tuesday, April 15th. They issued a "buy" rating and a $30.00 price target on the stock. Finally, Morgan Stanley began coverage on Amentum in a research report on Wednesday, April 16th. They set an "underweight" rating and a $19.00 price objective on the stock. One 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 company presently has a consensus rating of "Hold" and an average target price of $24.71.

Insider Activity

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

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.