HighTower Advisors LLC Decreases Holdings in Amentum Holdings, Inc. (NYSE:AMTM)

HighTower Advisors LLC decreased its position in Amentum Holdings, Inc. (NYSE:AMTM) by 63.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,553 shares of the company’s stock after selling 29,350 shares during the quarter. HighTower Advisors LLC’s holdings in Amentum were worth $348,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of AMTM. State Street Corp bought a new stake in Amentum during the 3rd quarter valued at $236,306,000. Geode Capital Management LLC bought a new stake in shares of Amentum in the third quarter worth about $101,022,000. Charles Schwab Investment Management Inc. increased its holdings in Amentum by 66.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,264,257 shares of the company’s stock valued at $26,587,000 after purchasing an additional 503,741 shares during the period. Van ECK Associates Corp purchased a new stake in Amentum in the 4th quarter worth approximately $23,812,000. Finally, Wellington Management Group LLP bought a new stake in shares of Amentum in the 3rd quarter worth approximately $30,156,000. Hedge funds and other institutional investors own 39.93% of the company’s stock.

Amentum Trading Down 1.8 %

Shares of AMTM opened at $17.87 on Wednesday. Amentum Holdings, Inc. has a 12 month low of $16.95 and a 12 month high of $34.47. The company’s fifty day simple moving average is $19.77. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 1.02.

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

Insider Activity

In other Amentum news, insider Steven J. Demetriou acquired 100,000 shares of the stock in a transaction dated Wednesday, February 12th. The shares were acquired at an average cost of $20.81 per share, for a total transaction of $2,081,000.00. Following the completion of the transaction, the insider now directly owns 620,893 shares of the company’s stock, valued at approximately $12,920,783.33. The trade was a 19.20 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Barbara Loughran purchased 4,600 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was acquired at an average cost of $21.23 per share, for a total transaction of $97,658.00. Following the completion of the acquisition, the director now owns 4,600 shares in the company, valued at $97,658. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders own 18.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on AMTM shares. The Goldman Sachs Group started coverage on shares of Amentum in a report on Thursday, March 20th. They issued a “neutral” rating and a $21.00 price objective for the company. Royal Bank of Canada restated a “sector perform” rating and issued a $24.00 price objective on shares of Amentum in a report on Thursday, February 6th. Finally, Cantor Fitzgerald raised Amentum to a “hold” rating in a research report on Tuesday, February 25th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $26.20.

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.