Point72 Asset Management L.P. Buys 120,373 Shares of Amentum Holdings, Inc. (NYSE:AMTM)

Point72 Asset Management L.P. lifted its stake in shares of Amentum Holdings, Inc. (NYSE:AMTM) by 2,003.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 126,382 shares of the company’s stock after acquiring an additional 120,373 shares during the period. Point72 Asset Management L.P. owned approximately 0.05% of Amentum worth $2,658,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in shares of Amentum by 18.0% during the fourth quarter. Vanguard Group Inc. now owns 16,542,447 shares of the company’s stock worth $347,888,000 after acquiring an additional 2,529,173 shares in the last quarter. Kovitz Investment Group Partners LLC increased its position in shares of Amentum by 10,851.5% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 14,787,345 shares of the company’s stock worth $310,978,000 after acquiring an additional 14,652,319 shares in the last quarter. Invesco Ltd. increased its position in shares of Amentum by 77.6% during the fourth quarter. Invesco Ltd. now owns 13,856,239 shares of the company’s stock worth $291,397,000 after acquiring an additional 6,055,638 shares in the last quarter. Primecap Management Co. CA increased its position in shares of Amentum by 21.7% during the fourth quarter. Primecap Management Co. CA now owns 6,414,379 shares of the company’s stock worth $134,894,000 after acquiring an additional 1,143,097 shares in the last quarter. Finally, Cooper Creek Partners Management LLC increased its position in shares of Amentum by 396.3% during the fourth quarter. Cooper Creek Partners Management LLC now owns 4,157,034 shares of the company’s stock worth $87,422,000 after acquiring an additional 3,319,364 shares in the last quarter. Institutional investors own 39.93% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on AMTM. Citizens Jmp began coverage on shares of 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 decreased their target price on shares of Amentum from $31.00 to $24.00 and set a “buy” rating for the company in a research report on Monday, April 14th. The Goldman Sachs Group began coverage on shares of Amentum in a research report on Thursday, March 20th. They issued a “neutral” rating and a $21.00 target price for the company. Morgan Stanley began coverage on shares of Amentum in a research report on Wednesday, April 16th. They issued an “underweight” rating and a $19.00 target price for the company. Finally, Cantor Fitzgerald raised shares of Amentum to a “hold” rating in a research report on Tuesday, February 25th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $25.38.

Amentum Trading Down 0.5%

Shares of AMTM opened at $21.92 on Wednesday. The firm has a 50-day moving average of $19.56 and a 200-day moving average of $21.44. Amentum Holdings, Inc. has a one year low of $16.01 and a one year high of $34.47. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.59 and a quick ratio of 1.59.

Amentum (NYSE:AMTM) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.05. The firm had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.44 billion. Sell-side analysts anticipate that Amentum Holdings, Inc. will post 2.1 earnings per share for the current year.

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.