Voss Capital LP Buys New Shares in Amentum Holdings, Inc. (NYSE:AMTM)

Voss Capital LP acquired a new position in Amentum Holdings, Inc. (NYSE:AMTM - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 449,818 shares of the company's stock, valued at approximately $9,460,000. Amentum accounts for approximately 0.7% of Voss Capital LP's investment portfolio, making the stock its 28th largest position. Voss Capital LP owned 0.18% of Amentum as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also made changes to their positions in the stock. Jane Street Group LLC acquired a new stake in Amentum during the 3rd quarter valued at $1,843,000. MML Investors Services LLC bought a new stake in shares of Amentum during the 3rd quarter worth approximately $449,000. Barclays PLC acquired a new stake in shares of Amentum in the third quarter valued at approximately $5,153,000. Anchor Investment Management LLC bought a new position in Amentum during the third quarter worth $32,000. Finally, Pine Valley Investments Ltd Liability Co bought a new position in Amentum in the 3rd quarter valued at about $677,000. Institutional investors own 39.93% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on AMTM shares. Cantor Fitzgerald raised Amentum to a "hold" rating in a research report on Tuesday, February 25th. BTIG Research started coverage on Amentum in a research report on Tuesday, April 15th. They issued a "buy" rating and a $30.00 price objective for the company. Truist Financial lowered their price objective on shares of Amentum from $31.00 to $24.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $24.00 target price on shares of Amentum in a research report on Thursday, February 6th. Finally, Morgan Stanley began coverage on shares of Amentum in a report on Wednesday, April 16th. They set an "underweight" rating and a $19.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $24.71.

Amentum Trading Up 0.9 %

AMTM traded up $0.20 on Friday, hitting $21.88. The company had a trading volume of 2,411,450 shares, compared to its average volume of 2,523,420. The company's fifty day moving average is $18.75. Amentum Holdings, Inc. has a 12-month low of $16.01 and a 12-month high of $34.50. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 1.02.

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

Insider Buying and Selling at Amentum

In other news, Director Barbara Loughran purchased 4,600 shares of the company's stock in a transaction that occurred 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 purchase, the director now directly owns 4,600 shares of the company's stock, valued at $97,658. This represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Steven J. Demetriou purchased 100,000 shares of the firm's stock in a transaction that occurred on 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 purchase, the insider now owns 620,893 shares of the company's stock, valued at approximately $12,920,783.33. This represents a 19.20 % increase in their ownership of the stock. 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.