State of Alaska Department of Revenue Boosts Stock Position in Amentum Holdings, Inc. (NYSE:AMTM)

State of Alaska Department of Revenue lifted its holdings in shares of Amentum Holdings, Inc. (NYSE:AMTM - Free Report) by 223.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 70,447 shares of the company's stock after acquiring an additional 48,680 shares during the period. State of Alaska Department of Revenue's holdings in Amentum were worth $1,481,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Arrow Financial Corp purchased a new position in shares of Amentum during the third quarter worth approximately $26,000. US Bancorp DE acquired a new stake in shares of Amentum during the third quarter worth $30,000. Anchor Investment Management LLC acquired a new stake in shares of Amentum during the third quarter worth $32,000. Signaturefd LLC acquired a new stake in shares of Amentum during the third quarter worth $33,000. Finally, Glen Eagle Advisors LLC acquired a new stake in shares of Amentum during the third quarter worth $35,000. 39.93% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Amentum

In other news, insider Steven J. Demetriou purchased 100,000 shares of the company's stock in a transaction dated Wednesday, February 12th. The stock was acquired at an average price of $20.81 per share, for a total transaction of $2,081,000.00. Following the completion of the transaction, the insider now directly owns 620,893 shares in the company, valued at $12,920,783.33. This represents a 19.20 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. 18.67% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on AMTM. Raymond James began coverage on Amentum in a report on Thursday, November 21st. They set an "outperform" rating and a $30.00 price target for the company. Cantor Fitzgerald began coverage on Amentum in a report on Friday, February 7th. They set a "neutral" rating and a $25.00 price target for the company. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and set a $24.00 price target on shares of Amentum in a report on Thursday, February 6th.

Amentum Price Performance

Amentum stock traded up $0.01 during midday trading on Friday, reaching $19.82. The company's stock had a trading volume of 1,456,425 shares, compared to its average volume of 2,200,147. Amentum Holdings, Inc. has a fifty-two week low of $18.38 and a fifty-two week high of $34.50. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.57 and a current ratio of 1.59. The company's 50 day simple moving average is $21.67.

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 analysts' consensus estimates of $0.45 by $0.06. As a group, analysts predict that Amentum Holdings, Inc. will post 2.1 earnings per share for the current fiscal year.

Amentum Company 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.