Rangeley Capital LLC Buys Shares of 47,000 Amentum Holdings, Inc. (NYSE:AMTM)

Rangeley Capital LLC purchased a new stake in Amentum Holdings, Inc. (NYSE:AMTM - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 47,000 shares of the company's stock, valued at approximately $988,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AMTM. Huntington National Bank bought a new stake in Amentum in the fourth quarter valued at $30,000. Anchor Investment Management LLC acquired a new position in Amentum in the third quarter valued at about $32,000. Glen Eagle Advisors LLC bought a new stake in Amentum during the third quarter worth about $35,000. IFP Advisors Inc raised its stake in shares of Amentum by 119.2% in the fourth quarter. IFP Advisors Inc now owns 1,532 shares of the company's stock valued at $35,000 after acquiring an additional 833 shares during the last quarter. Finally, Asset Planning Inc acquired a new position in shares of Amentum in the 4th quarter worth approximately $36,000. 39.93% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director Barbara Loughran acquired 4,600 shares of the company's stock in a transaction dated Tuesday, February 18th. The shares were bought at an average price of $21.23 per share, for a total transaction of $97,658.00. Following the purchase, the director now directly owns 4,600 shares in the company, valued at approximately $97,658. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Steven J. Demetriou bought 100,000 shares of the firm's stock in a transaction that occurred on Wednesday, February 12th. The stock was purchased at an average cost of $20.81 per share, with a total value 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. 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.

Remove Ads

Amentum Price Performance

AMTM stock traded down $0.12 during trading hours on Tuesday, reaching $16.85. 728,895 shares of the stock were exchanged, compared to its average volume of 2,895,471. 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's 50-day simple moving average is $19.46. Amentum Holdings, Inc. has a 12 month low of $16.14 and a 12 month high of $34.47.

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. Equities analysts forecast that Amentum Holdings, Inc. will post 2.1 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

AMTM has been the subject of a number of recent analyst reports. Cantor Fitzgerald raised Amentum to a "hold" rating in a report on Tuesday, February 25th. The Goldman Sachs Group began coverage on shares of Amentum in a research note on Thursday, March 20th. They set a "neutral" rating and a $21.00 price target on the stock. Finally, Royal Bank of Canada reiterated a "sector perform" rating and issued a $24.00 price objective on shares of Amentum in a research report on Thursday, February 6th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, Amentum currently has an average rating of "Hold" and an average target price of $26.20.

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.