Oppenheimer & Co. Inc. Sells 35,012 Shares of Amentum Holdings, Inc. (NYSE:AMTM)

Oppenheimer & Co. Inc. lessened its position in shares of Amentum Holdings, Inc. (NYSE:AMTM - Free Report) by 76.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,621 shares of the company's stock after selling 35,012 shares during the period. Oppenheimer & Co. Inc.'s holdings in Amentum were worth $223,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Wilmington Savings Fund Society FSB acquired a new position in shares of Amentum in the 3rd quarter valued at $790,000. Wharton Business Group LLC purchased a new position in Amentum during the 3rd quarter worth $2,106,000. JPMorgan Chase & Co. acquired a new position in Amentum in the 3rd quarter valued at about $8,739,000. Peak Asset Management LLC acquired a new position in shares of Amentum in the third quarter valued at approximately $774,000. Finally, Foundations Investment Advisors LLC acquired a new position in Amentum in the 4th quarter valued at $409,000. 39.93% of the stock is owned by hedge funds and other institutional investors.

Amentum Stock Performance

Shares of NYSE AMTM traded down $0.50 during midday trading on Thursday, reaching $17.92. 2,794,219 shares of the stock were exchanged, compared to its average volume of 2,777,012. Amentum Holdings, Inc. has a 52-week low of $16.95 and a 52-week high of $34.47. The stock's 50 day simple moving average is $20.95. 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, beating the consensus estimate of $0.45 by $0.06. On average, equities analysts anticipate that Amentum Holdings, Inc. will post 2.1 earnings per share for the current year.

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Insider Activity at Amentum

In other Amentum news, Director Barbara Loughran bought 4,600 shares of the business's stock in a transaction dated Tuesday, February 18th. The shares were acquired 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 in the company, valued at approximately $97,658. The trade was a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Steven J. Demetriou purchased 100,000 shares of the firm's stock in a transaction that occurred on Wednesday, February 12th. The shares were acquired at an average cost of $20.81 per share, with a total value of $2,081,000.00. Following the completion of the transaction, the insider now owns 620,893 shares in the company, valued at $12,920,783.33. This trade represents a 19.20 % increase in their position. The disclosure for this purchase can be found here. 18.67% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on AMTM shares. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $24.00 target price on shares of Amentum in a report on Thursday, February 6th. Cantor Fitzgerald upgraded Amentum to a "hold" rating in a research report on Tuesday, February 25th. Finally, Raymond James initiated coverage on Amentum in a research note on Thursday, November 21st. They set an "outperform" rating and a $30.00 target price for the company.

About Amentum

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.