Point72 Asia Singapore Pte. Ltd. Has $58,000 Stock Position in Amentum Holdings, Inc. (NYSE:AMTM)

Point72 Asia Singapore Pte. Ltd. boosted its stake in Amentum Holdings, Inc. (NYSE:AMTM) by 382.1% in the fourth quarter, Holdings Channel reports. The firm owned 2,748 shares of the company’s stock after purchasing an additional 2,178 shares during the quarter. Point72 Asia Singapore Pte. Ltd.’s holdings in Amentum were worth $58,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of AMTM. Huntington National Bank acquired a new position in shares of Amentum in the 4th quarter valued at approximately $30,000. IFP Advisors Inc raised its holdings in shares of Amentum by 119.2% during the 4th quarter. IFP Advisors Inc now owns 1,532 shares of the company’s stock worth $35,000 after buying an additional 833 shares in the last quarter. Asset Planning Inc bought a new stake in shares of Amentum during the 4th quarter worth $36,000. Horizon Investments LLC bought a new position in shares of Amentum in the fourth quarter worth about $36,000. Finally, National Bank of Canada FI lifted its stake in Amentum by 31,328.6% in the 4th quarter. National Bank of Canada FI now owns 2,200 shares of the company’s stock valued at $46,000 after purchasing an additional 2,193 shares during the last quarter. Institutional investors own 39.93% of the company’s stock.

Amentum Stock Up 1.2%

AMTM stock opened at $21.86 on Monday. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.59 and a quick ratio of 1.59. The stock has a 50-day moving average price of $19.41 and a 200-day moving average price of $21.50. Amentum Holdings, Inc. has a 1-year low of $16.01 and a 1-year high of $34.47.

Amentum (NYSE:AMTM) last released its earnings results on Tuesday, May 6th. The company reported $0.53 EPS for the quarter, topping the consensus estimate of $0.48 by $0.05. The business had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.44 billion. Equities research analysts expect that Amentum Holdings, Inc. will post 2.1 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on AMTM. Cantor Fitzgerald upgraded Amentum to a “hold” rating in a research note on Tuesday, February 25th. Citizens Jmp initiated coverage on Amentum in a research report on Monday, May 12th. They issued an “outperform” rating and a $30.00 target price for the company. Truist Financial cut their target price on shares of Amentum from $31.00 to $24.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. BTIG Research assumed coverage on shares of Amentum in a research note on Tuesday, April 15th. They set a “buy” rating and a $30.00 price target for the company. Finally, Morgan Stanley initiated coverage on Amentum in a research report on Wednesday, April 16th. They issued an “underweight” rating and a $19.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $25.38.

Insider Transactions at Amentum

In related news, Director Barbara Loughran acquired 4,600 shares of the business’s stock in a transaction dated Tuesday, February 18th. The shares were bought at an average price 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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.