Amentum Holdings, Inc. (NYSE:AMTM) Shares Sold by Tower Bridge Advisors

Tower Bridge Advisors lowered its stake in shares of Amentum Holdings, Inc. (NYSE:AMTM - Free Report) by 25.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 93,732 shares of the company's stock after selling 31,930 shares during the period. Tower Bridge Advisors' holdings in Amentum were worth $1,971,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. State Street Corp purchased a new stake in Amentum during the 3rd quarter worth approximately $236,306,000. Primecap Management Co. CA acquired a new stake in shares of Amentum in the third quarter worth approximately $169,999,000. Geode Capital Management LLC purchased a new stake in shares of Amentum during the third quarter worth approximately $101,022,000. Ruane Cunniff & Goldfarb L.P. acquired a new position in Amentum in the 3rd quarter valued at $81,608,000. Finally, Massachusetts Financial Services Co. MA purchased a new position in Amentum in the 3rd quarter valued at $39,613,000. Institutional investors and hedge funds own 39.93% of the company's stock.

Amentum Stock Up 2.7 %

Shares of NYSE AMTM traded up $0.51 during trading on Tuesday, hitting $18.95. 1,360,123 shares of the company were exchanged, compared to its average volume of 2,708,741. 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 Holdings, Inc. has a 12-month low of $17.83 and a 12-month high of $34.47. The company's fifty day moving average is $21.25.

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Amentum (NYSE:AMTM - Get Free Report) last posted its earnings results 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. As a group, equities analysts anticipate that Amentum Holdings, Inc. will post 2.1 earnings per share for the current year.

Wall Street Analyst Weigh In

AMTM has been the subject of a number of recent research reports. Cantor Fitzgerald upgraded shares of Amentum to a "hold" rating in a research report on Tuesday, February 25th. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $24.00 price objective on shares of Amentum in a research note on Thursday, February 6th. Finally, Raymond James began coverage on shares of Amentum in a research note on Thursday, November 21st. They issued an "outperform" rating and a $30.00 target price on the stock.

Insider Buying and Selling

In related news, insider Steven J. Demetriou acquired 100,000 shares of the stock in a transaction that occurred on Wednesday, February 12th. The stock was purchased at an average price of $20.81 per share, with a total value of $2,081,000.00. Following the transaction, the insider now owns 620,893 shares of the company's stock, valued at approximately $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 the SEC website. Also, Director Barbara Loughran bought 4,600 shares of the company's stock in a transaction that occurred on Tuesday, February 18th. The stock was bought at an average price of $21.23 per share, with a total value of $97,658.00. Following the acquisition, the director now directly owns 4,600 shares in the company, valued at $97,658. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. 18.67% of the stock is currently owned by company insiders.

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.