Yousif Capital Management LLC Buys 34,291 Shares of Amentum Holdings, Inc. (NYSE:AMTM)

Yousif Capital Management LLC grew its stake in shares of Amentum Holdings, Inc. (NYSE:AMTM) by 236.8% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 48,770 shares of the company’s stock after purchasing an additional 34,291 shares during the period. Yousif Capital Management LLC’s holdings in Amentum were worth $1,026,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Arrow Financial Corp purchased a new position in Amentum in the third quarter valued at approximately $26,000. US Bancorp DE purchased a new position in Amentum in the third quarter valued at approximately $30,000. Anchor Investment Management LLC purchased a new position in Amentum in the third quarter valued at approximately $32,000. Signaturefd LLC purchased a new position in Amentum in the third quarter valued at approximately $33,000. Finally, Glen Eagle Advisors LLC purchased a new position in Amentum in the third quarter valued at approximately $35,000. Hedge funds and other institutional investors own 39.93% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Cantor Fitzgerald assumed coverage on Amentum in a research note on Friday, February 7th. They issued a “neutral” rating and a $25.00 price objective on the stock. Royal Bank of Canada restated a “sector perform” rating and set a $24.00 target price on shares of Amentum in a research report on Thursday, February 6th. Finally, Raymond James initiated coverage on Amentum in a research report on Thursday, November 21st. They set an “outperform” rating and a $30.00 target price on the stock.

Amentum Stock Performance

NYSE:AMTM opened at $19.82 on Friday. The stock’s fifty day moving average is $21.67. Amentum Holdings, Inc. has a 1 year low of $18.38 and a 1 year high of $34.50. The company has a current ratio of 1.59, a quick ratio of 1.57 and a debt-to-equity ratio of 1.02.

Amentum (NYSE:AMTM) last released its quarterly 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. On average, analysts expect that Amentum Holdings, Inc. will post 2.1 EPS for the current year.

Insider Transactions at Amentum

In other news, insider Steven J. Demetriou purchased 100,000 shares of the firm’s stock in a transaction dated Wednesday, February 12th. The shares were purchased at an average price of $20.81 per share, with a total value of $2,081,000.00. Following the completion of the acquisition, the insider now owns 620,893 shares in the company, 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 SEC, which is available through this hyperlink. Insiders own 18.67% of the company’s stock.

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.