Proficio Capital Partners LLC Buys New Shares in Amentum Holdings, Inc. (NYSE:AMTM)

Proficio Capital Partners LLC purchased a new position in shares of Amentum Holdings, Inc. (NYSE:AMTM - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 71,522 shares of the company's stock, valued at approximately $1,504,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Louisiana State Employees Retirement System bought a new stake in shares of Amentum during the third quarter valued at approximately $226,000. State of Alaska Department of Revenue bought a new stake in Amentum during the 3rd quarter valued at $701,000. New York State Teachers Retirement System acquired a new position in Amentum during the third quarter worth $3,745,000. US Bancorp DE bought a new position in shares of Amentum in the third quarter valued at $30,000. Finally, Janney Montgomery Scott LLC acquired a new position in shares of Amentum during the third quarter valued at about $2,178,000. Institutional investors own 39.93% of the company's stock.

Insider Buying and Selling at Amentum

In other news, Director Barbara Loughran acquired 4,600 shares of the business's stock in a transaction dated 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 acquisition, the director now owns 4,600 shares of the company's stock, valued at $97,658. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Steven J. Demetriou acquired 100,000 shares of the firm's 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 completion of the acquisition, the insider now owns 620,893 shares in the company, valued at $12,920,783.33. This represents a 19.20 % 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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Amentum Stock Performance

Amentum stock traded down $1.37 during midday trading on Monday, reaching $18.62. 1,844,035 shares of the stock were exchanged, compared to its average volume of 2,700,422. Amentum Holdings, Inc. has a 52 week low of $17.82 and a 52 week high of $34.47. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 1.02. The firm has a fifty day simple moving average of $21.16.

Amentum (NYSE:AMTM - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.06. As a group, analysts expect that Amentum Holdings, Inc. will post 2.1 earnings per share for the current fiscal year.

Analyst Ratings Changes

AMTM has been the topic of a number of analyst reports. Royal Bank of Canada restated a "sector perform" rating and issued a $24.00 target price on shares of Amentum in a report on Thursday, February 6th. Raymond James started coverage on Amentum in a research note on Thursday, November 21st. They issued an "outperform" rating and a $30.00 price objective for the company. Finally, Cantor Fitzgerald upgraded Amentum to a "hold" rating in a research note on Tuesday, February 25th.

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.