Sei Investments Co. Boosts Stock Position in Amentum Holdings, Inc. (NYSE:AMTM)

Sei Investments Co. increased its position in Amentum Holdings, Inc. (NYSE:AMTM - Free Report) by 17.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 287,313 shares of the company's stock after acquiring an additional 43,597 shares during the period. Sei Investments Co. owned approximately 0.12% of Amentum worth $6,042,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in AMTM. Anchor Investment Management LLC acquired a new position in Amentum in the 3rd quarter worth about $32,000. Glen Eagle Advisors LLC acquired a new stake in Amentum during the 3rd quarter valued at $35,000. IFP Advisors Inc increased its holdings 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 purchasing an additional 833 shares in the last quarter. Asset Planning Inc acquired a new position in shares of Amentum during the fourth quarter valued at $36,000. Finally, Horizon Investments LLC bought a new position in Amentum in the fourth quarter valued at approximately $36,000. Institutional investors own 39.93% of the company's stock.

Insider Buying and Selling at Amentum

In other Amentum news, insider Steven J. Demetriou bought 100,000 shares of the firm's stock in a transaction dated 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 owns 620,893 shares of the company's stock, valued at $12,920,783.33. This represents a 19.20 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Barbara Loughran acquired 4,600 shares of the business's stock in a transaction on 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 transaction, the director now directly owns 4,600 shares of the company's stock, valued at approximately $97,658. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 18.67% of the stock is owned by company insiders.

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Amentum Trading Down 5.0 %

AMTM stock traded down $0.91 during mid-day trading on Friday, hitting $17.39. 3,097,196 shares of the stock were exchanged, compared to its average volume of 2,913,412. Amentum Holdings, Inc. has a 12 month low of $16.90 and a 12 month high of $34.47. The firm's fifty day simple moving average is $19.55. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 1.02.

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

Analysts Set New Price Targets

AMTM has been the subject of a number of research reports. Cantor Fitzgerald raised Amentum to a "hold" rating in a research note on Tuesday, February 25th. 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. Finally, The Goldman Sachs Group started coverage on shares of Amentum in a research note on Thursday, March 20th. They issued a "neutral" rating and a $21.00 price objective for the company. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $26.20.

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.