QRG Capital Management Inc. Trims Stock Position in Amentum Holdings, Inc. (NYSE:AMTM)

QRG Capital Management Inc. lowered its position in Amentum Holdings, Inc. (NYSE:AMTM - Free Report) by 55.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 18,678 shares of the company's stock after selling 23,095 shares during the period. QRG Capital Management Inc.'s holdings in Amentum were worth $393,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Arrow Financial Corp bought a new position in shares of Amentum during the 3rd quarter valued at about $26,000. IFP Advisors Inc boosted its holdings in shares of Amentum by 119.2% during the 4th quarter. IFP Advisors Inc now owns 1,532 shares of the company's stock valued at $35,000 after purchasing an additional 833 shares during the last quarter. US Bancorp DE bought a new position in shares of Amentum during the 3rd quarter valued at about $30,000. Anchor Investment Management LLC bought a new position in shares of Amentum during the 3rd quarter valued at about $32,000. Finally, Glen Eagle Advisors LLC bought a new position in shares of Amentum during the 3rd quarter valued at about $35,000. Institutional investors own 39.93% of the company's stock.

Amentum Stock Up 8.5 %

Shares of NYSE AMTM traded up $1.57 during mid-day trading on Friday, hitting $19.90. 3,628,715 shares of the company's stock traded hands, compared to its average volume of 2,708,274. The business has a 50-day moving average of $21.16. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 1.02. Amentum Holdings, Inc. has a 1 year low of $17.82 and a 1 year high of $34.47.

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Amentum (NYSE:AMTM - Get Free Report) last announced its earnings results on Tuesday, February 4th. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.06. On average, equities research analysts anticipate that Amentum Holdings, Inc. will post 2.1 EPS for the current fiscal year.

Insider Buying and Selling

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

Analysts Set New Price Targets

Several research analysts have commented on the stock. Cantor Fitzgerald raised shares of Amentum to a "hold" rating in a report on Tuesday, February 25th. Raymond James started coverage on shares of Amentum in a report on Thursday, November 21st. They set an "outperform" rating and a $30.00 price objective for the company. Finally, Royal Bank of Canada restated a "sector perform" rating and set a $24.00 target price on shares of Amentum in a research report on Thursday, February 6th.

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.