Bryn Mawr Capital Management LLC Acquires 15,387 Shares of Amentum Holdings, Inc. (NYSE:AMTM)

Bryn Mawr Capital Management LLC lifted its holdings in Amentum Holdings, Inc. (NYSE:AMTM) by 34.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 59,474 shares of the company’s stock after purchasing an additional 15,387 shares during the quarter. Bryn Mawr Capital Management LLC’s holdings in Amentum were worth $1,251,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. National Pension Service bought a new stake in Amentum during the fourth quarter worth $327,000. Amalgamated Bank increased its holdings in shares of Amentum by 51.1% in the fourth quarter. Amalgamated Bank now owns 38,610 shares of the company’s stock valued at $812,000 after purchasing an additional 13,053 shares during the last quarter. Pine Valley Investments Ltd Liability Co increased its holdings in shares of Amentum by 88.4% in the fourth quarter. Pine Valley Investments Ltd Liability Co now owns 39,560 shares of the company’s stock valued at $832,000 after purchasing an additional 18,567 shares during the last quarter. Crestwood Advisors Group LLC increased its holdings in shares of Amentum by 16.8% in the fourth quarter. Crestwood Advisors Group LLC now owns 93,522 shares of the company’s stock valued at $1,967,000 after purchasing an additional 13,451 shares during the last quarter. Finally, IFP Advisors Inc increased its holdings in shares of Amentum by 119.2% in the fourth quarter. IFP Advisors Inc now owns 1,532 shares of the company’s stock valued at $35,000 after purchasing an additional 833 shares during the last quarter. 39.93% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, insider Steven J. Demetriou acquired 100,000 shares of the business’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 transaction, the insider now directly owns 620,893 shares of the company’s stock, valued at $12,920,783.33. This trade represents a 19.20 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Barbara Loughran acquired 4,600 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The shares were purchased at an average cost of $21.23 per share, with a total value of $97,658.00. Following the transaction, the director now directly owns 4,600 shares of the company’s stock, valued at $97,658. This trade represents a ∞ 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.

Amentum Stock Performance

AMTM stock opened at $19.90 on Thursday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.59 and a current ratio of 1.59. The company has a 50-day simple moving average of $21.26. Amentum Holdings, Inc. has a 52 week low of $18.38 and a 52 week high of $34.50.

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

Wall Street Analyst Weigh In

Several equities analysts have commented on AMTM shares. Raymond James started coverage on shares of Amentum in a report on Thursday, November 21st. They issued an “outperform” rating and a $30.00 price objective on the stock. Royal Bank of Canada reiterated a “sector perform” rating and issued a $24.00 price objective on shares of Amentum in a report on Thursday, February 6th. Finally, Cantor Fitzgerald upgraded shares of Amentum to a “hold” rating in a research note on Tuesday.

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.