Sandy Spring Bank Sells 6,275 Shares of Amentum Holdings, Inc. (NYSE:AMTM)

Sandy Spring Bank decreased its stake in shares of Amentum Holdings, Inc. (NYSE:AMTM) by 63.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,581 shares of the company’s stock after selling 6,275 shares during the period. Sandy Spring Bank’s holdings in Amentum were worth $75,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Anchor Investment Management LLC bought a new position in Amentum during the third quarter valued at approximately $32,000. Glen Eagle Advisors LLC purchased a new stake in Amentum during the third quarter valued at approximately $35,000. IFP Advisors Inc increased its holdings in Amentum by 119.2% during the fourth quarter. IFP Advisors Inc now owns 1,532 shares of the company’s stock valued at $35,000 after buying an additional 833 shares during the last quarter. Asset Planning Inc purchased a new stake in Amentum during the fourth quarter valued at approximately $36,000. Finally, Horizon Investments LLC purchased a new stake in Amentum during the fourth quarter valued at approximately $36,000. Institutional investors own 39.93% of the company’s stock.

Insider Buying and Selling

In related news, Director Barbara Loughran bought 4,600 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The stock was purchased at an average price of $21.23 per share, for a total transaction of $97,658.00. Following the completion of the transaction, the director now owns 4,600 shares in the company, valued at $97,658. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Steven J. Demetriou bought 100,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 12th. The shares were bought 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 $12,920,783.33. The trade was a 19.20 % increase in their position. The disclosure for this purchase can be found here. 18.67% of the stock is owned by company insiders.

Amentum Price Performance

Shares of NYSE AMTM opened at $18.33 on Friday. The stock has a fifty day moving average price of $20.44. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.59 and a quick ratio of 1.59. Amentum Holdings, Inc. has a 1 year low of $16.95 and a 1 year high of $34.47.

Amentum (NYSE:AMTM) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.06. As a group, equities analysts expect that Amentum Holdings, Inc. will post 2.1 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on AMTM. The Goldman Sachs Group began coverage on shares of Amentum in a report on Thursday. They set a “neutral” rating and a $21.00 target price for the company. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $24.00 target price on shares of Amentum in a report on Thursday, February 6th. Finally, Cantor Fitzgerald raised shares of Amentum to a “hold” rating in a report on Tuesday, February 25th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Amentum has a consensus rating of “Hold” and a consensus price target of $26.20.

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.