Yousif Capital Management LLC Increases Position in Amentum Holdings, Inc. (NYSE:AMTM)

Yousif Capital Management LLC lifted its stake in Amentum Holdings, Inc. (NYSE:AMTM - Free Report) by 236.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 48,770 shares of the company's stock after purchasing an additional 34,291 shares during the quarter. Yousif Capital Management LLC's holdings in Amentum were worth $1,026,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Analyst Ratings Changes

A number of research firms recently issued reports on AMTM. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $24.00 price target on shares of Amentum in a report on Thursday, February 6th. Cantor Fitzgerald started coverage on Amentum in a research report on Friday, February 7th. They issued a "neutral" rating and a $25.00 price objective for the company. Finally, Raymond James began coverage on Amentum in a research note on Thursday, November 21st. They issued an "outperform" rating and a $30.00 target price on the stock.

Amentum Stock Performance

Shares of AMTM traded up $1.66 during trading hours on Tuesday, hitting $21.46. 952,817 shares of the company were exchanged, compared to its average volume of 2,246,120. 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 business's fifty day simple moving average is $21.59.

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, topping the consensus estimate of $0.45 by $0.06. Sell-side analysts expect that Amentum Holdings, Inc. will post 2.1 EPS for the current fiscal year.

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 that occurred on Wednesday, February 12th. The stock was acquired at an average price of $20.81 per share, with a total value of $2,081,000.00. Following the completion of the purchase, the insider now directly 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 purchase was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 18.67% of the company's stock.

Amentum 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.