Amentum Holdings, Inc. (NYSE:AMTM) Shares Bought by Strategic Advisors LLC

Strategic Advisors LLC grew its position in shares of Amentum Holdings, Inc. (NYSE:AMTM - Free Report) by 201.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 45,705 shares of the company's stock after purchasing an additional 30,560 shares during the quarter. Strategic Advisors LLC's holdings in Amentum were worth $961,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in AMTM. State Street Corp purchased a new position in shares of Amentum during the third quarter worth about $236,306,000. Primecap Management Co. CA purchased a new stake in Amentum in the 3rd quarter valued at approximately $169,999,000. Geode Capital Management LLC purchased a new stake in Amentum in the 3rd quarter valued at approximately $101,022,000. Ruane Cunniff & Goldfarb L.P. acquired a new stake in shares of Amentum during the 3rd quarter valued at approximately $81,608,000. Finally, Allspring Global Investments Holdings LLC acquired a new stake in shares of Amentum during the 3rd quarter valued at approximately $78,399,000. Hedge funds and other institutional investors own 39.93% of the company's stock.

Insider Transactions at Amentum

In other news, insider Steven J. Demetriou acquired 100,000 shares of the company's stock in a transaction dated Wednesday, February 12th. The stock was acquired at an average cost of $20.81 per share, for a total transaction of $2,081,000.00. Following the acquisition, the insider now directly owns 620,893 shares in the company, valued at approximately $12,920,783.33. This represents a 19.20 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Barbara Loughran acquired 4,600 shares of the company's stock in a transaction dated Tuesday, February 18th. The shares were purchased at an average price of $21.23 per share, with a total value of $97,658.00. Following the completion of the acquisition, the director now owns 4,600 shares in the company, 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. Insiders own 18.67% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on AMTM. Cantor Fitzgerald began coverage on shares of Amentum in a research report on Friday, February 7th. They set a "neutral" rating and a $25.00 price target for the company. Raymond James started coverage on Amentum in a research 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 price objective on shares of Amentum in a research report on Thursday, February 6th.

Amentum Trading Down 2.3 %

Shares of Amentum stock traded down $0.48 during trading hours on Thursday, reaching $20.74. 1,940,031 shares of the company's stock were exchanged, compared to its average volume of 2,296,076. Amentum Holdings, Inc. has a 52-week low of $18.38 and a 52-week high of $34.50. The company's fifty day moving average is $21.44. 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 issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.51 earnings per share for the quarter, topping analysts' consensus estimates of $0.45 by $0.06. Analysts anticipate that Amentum Holdings, Inc. will post 2.1 earnings per share for the current year.

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.