Susquehanna Fundamental Investments LLC lifted its position in Amentum Holdings, Inc. (NYSE:AMTM – Free Report) by 81.1% during the 2nd quarter, HoldingsChannel reports. The firm owned 394,370 shares of the company’s stock after buying an additional 176,590 shares during the period. Susquehanna Fundamental Investments LLC’s holdings in Amentum were worth $8,152,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Maryland State Retirement & Pension System grew its position in Amentum by 1.6% during the 4th quarter. Maryland State Retirement & Pension System now owns 29,913 shares of the company’s stock worth $867,000 after acquiring an additional 462 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of Amentum by 35.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,853 shares of the company’s stock worth $54,000 after purchasing an additional 481 shares in the last quarter. Oregon Public Employees Retirement Fund raised its holdings in Amentum by 1.7% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 35,100 shares of the company’s stock worth $1,018,000 after buying an additional 600 shares during the last quarter. HighTower Advisors LLC raised its position in Amentum by 4.6% in the 4th quarter. HighTower Advisors LLC now owns 14,640 shares of the company’s stock worth $425,000 after buying an additional 638 shares during the last quarter. Finally, HM Payson & Co. raised its stake in Amentum by 58.3% during the 4th quarter. HM Payson & Co. now owns 1,941 shares of the company’s stock valued at $56,000 after buying an additional 715 shares during the last quarter. Hedge funds and other institutional investors own 39.93% of the company’s stock.
Amentum Price Performance
Shares of AMTM opened at $20.02 on Tuesday. The company’s fifty day moving average price is $21.47 and its 200-day moving average price is $24.52. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.52 and a quick ratio of 1.52. The firm has a market capitalization of $4.90 billion, a PE ratio of 24.12, a price-to-earnings-growth ratio of 0.59 and a beta of 0.30. Amentum Holdings, Inc. has a 1-year low of $19.80 and a 1-year high of $38.11.
Wall Street Analysts Forecast Growth
AMTM has been the subject of several analyst reports. Royal Bank Of Canada reduced their target price on shares of Amentum from $28.00 to $26.00 and set a “sector perform” rating for the company in a report on Wednesday, August 12th. Wall Street Zen raised Amentum from a “hold” rating to a “buy” rating in a research note on Saturday, August 15th. Bank of America decreased their target price on Amentum from $35.00 to $30.00 and set a “neutral” rating on the stock in a research note on Monday, July 20th. JPMorgan Chase & Co. lowered their price target on Amentum from $31.00 to $26.00 and set a “neutral” rating on the stock in a report on Monday, August 17th. Finally, Zacks Research downgraded shares of Amentum from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 19th. Five analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $29.18.
View Our Latest Analysis on AMTM
About Amentum
Amentum is a government services provider specializing in mission-critical solutions for defense, federal civilian and commercial customers around the globe. The company delivers integrated services that span the full lifecycle of complex programs and facilities, including engineering, program and project management, logistics, operations, maintenance and environmental remediation.
Core offerings include infrastructure support, energy and facilities management, environmental solutions and nuclear services.
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