Proficio Capital Partners LLC Makes New Investment in Amentum Holdings, Inc. (NYSE:AMTM)

Proficio Capital Partners LLC purchased a new position in shares of Amentum Holdings, Inc. (NYSE:AMTM) in the fourth quarter, HoldingsChannel reports. The fund purchased 71,522 shares of the company’s stock, valued at approximately $1,504,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AMTM. Anchor Investment Management LLC acquired a new stake in Amentum during the 3rd quarter worth about $32,000. Glen Eagle Advisors LLC acquired a new position in shares of Amentum in the 3rd quarter valued at about $35,000. IFP Advisors Inc lifted its holdings in shares of Amentum by 119.2% in the 4th 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 period. Asset Planning Inc acquired a new position in shares of Amentum in the 4th quarter valued at about $36,000. Finally, GAMMA Investing LLC lifted its holdings in shares of Amentum by 333.1% in the 4th quarter. GAMMA Investing LLC now owns 1,754 shares of the company’s stock valued at $37,000 after buying an additional 1,349 shares during the period. Institutional investors and hedge funds own 39.93% of the company’s stock.

Amentum Stock Performance

Shares of Amentum stock opened at $18.39 on Friday. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 1.02. Amentum Holdings, Inc. has a twelve month low of $16.95 and a twelve month high of $34.47. The company has a 50-day simple moving average of $20.53.

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

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on AMTM shares. Royal Bank of Canada reissued a “sector perform” rating and issued a $24.00 price objective on shares of Amentum in a report on Thursday, February 6th. Raymond James started coverage on Amentum in a report on Thursday, November 21st. They issued an “outperform” rating and a $30.00 price objective for the company. The Goldman Sachs Group started coverage on Amentum in a report on Thursday. They issued a “neutral” rating and a $21.00 price objective for the company. Finally, Cantor Fitzgerald raised Amentum to a “hold” rating in a 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $26.20.

Insiders Place Their Bets

In related news, Director Barbara Loughran purchased 4,600 shares of the company’s stock in a transaction dated 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 transaction, the director now directly owns 4,600 shares of the company’s stock, valued at approximately $97,658. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Steven J. Demetriou purchased 100,000 shares of the company’s stock in a transaction dated Wednesday, February 12th. The stock was bought at an average price of $20.81 per share, with a total value 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. This represents a 19.20 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 18.67% of the stock is owned by company insiders.

Amentum Company 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.