Amalgamated Bank Purchases 13,053 Shares of Amentum Holdings, Inc. (NYSE:AMTM)

Amalgamated Bank grew its position in Amentum Holdings, Inc. (NYSE:AMTM) by 51.1% during the fourth quarter, HoldingsChannel.com reports. The fund owned 38,610 shares of the company’s stock after acquiring an additional 13,053 shares during the quarter. Amalgamated Bank’s holdings in Amentum were worth $812,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Private Advisor Group LLC purchased a new position in shares of Amentum in the third quarter valued at $433,000. Louisiana State Employees Retirement System bought a new position in Amentum during the third quarter valued at $226,000. State of Alaska Department of Revenue purchased a new position in shares of Amentum in the 3rd quarter worth $701,000. Nisa Investment Advisors LLC bought a new stake in shares of Amentum in the 3rd quarter worth about $1,154,000. Finally, New York State Teachers Retirement System purchased a new stake in shares of Amentum during the 3rd quarter valued at about $3,745,000. 39.93% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Amentum

In other news, insider Steven J. Demetriou bought 100,000 shares of the stock in a transaction on 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 owns 620,893 shares of the company’s stock, valued at $12,920,783.33. This represents a 19.20 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Barbara Loughran purchased 4,600 shares of the business’s stock in a transaction dated 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 owns 4,600 shares of the company’s stock, valued at approximately $97,658. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. 18.67% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Royal Bank of Canada reiterated a “sector perform” rating and issued a $24.00 price target on shares of Amentum in a research report on Thursday, February 6th. Cantor Fitzgerald upgraded Amentum to a “hold” rating in a report on Tuesday, February 25th. Finally, Raymond James initiated coverage on Amentum in a research report on Thursday, November 21st. They issued an “outperform” rating and a $30.00 price target for the company.

Amentum Stock Performance

Shares of NYSE:AMTM opened at $18.50 on Tuesday. The company’s 50 day simple moving average is $21.28. Amentum Holdings, Inc. has a 1 year low of $18.38 and a 1 year high of $34.50. 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) last released its earnings results 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. As a group, equities research analysts predict that Amentum Holdings, Inc. will post 2.1 EPS for the current fiscal 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.