Versor Investments LP Buys 22,622 Shares of Amentum Holdings, Inc. $AMTM

Versor Investments LP grew its holdings in shares of Amentum Holdings, Inc. (NYSE:AMTM) by 57.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 62,022 shares of the company’s stock after buying an additional 22,622 shares during the period. Versor Investments LP’s holdings in Amentum were worth $1,464,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of AMTM. American Securities LLC bought a new stake in shares of Amentum during the 1st quarter valued at $798,869,000. Primecap Management Co. CA boosted its stake in Amentum by 56.9% in the 1st quarter. Primecap Management Co. CA now owns 10,061,589 shares of the company’s stock worth $183,121,000 after purchasing an additional 3,647,210 shares in the last quarter. Invesco Ltd. boosted its stake in Amentum by 24.1% in the 1st quarter. Invesco Ltd. now owns 17,191,110 shares of the company’s stock worth $312,878,000 after purchasing an additional 3,334,871 shares in the last quarter. Voss Capital LP boosted its stake in Amentum by 393.7% in the 1st quarter. Voss Capital LP now owns 2,220,709 shares of the company’s stock worth $40,417,000 after purchasing an additional 1,770,891 shares in the last quarter. Finally, Millennium Management LLC boosted its stake in Amentum by 68.1% in the 1st quarter. Millennium Management LLC now owns 2,011,792 shares of the company’s stock worth $36,615,000 after purchasing an additional 815,218 shares in the last quarter. Institutional investors own 39.93% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on AMTM. Cantor Fitzgerald upgraded shares of Amentum from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $25.00 to $35.00 in a research note on Thursday, September 25th. The Goldman Sachs Group upped their price target on shares of Amentum from $21.00 to $26.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 13th. Morgan Stanley upped their price target on shares of Amentum from $19.00 to $20.00 and gave the stock an “underweight” rating in a research note on Thursday, September 18th. Royal Bank Of Canada upped their price target on shares of Amentum from $24.00 to $26.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 7th. Finally, Raymond James Financial reissued an “outperform” rating and issued a $30.00 target price on shares of Amentum in a research report on Monday, August 18th. Six research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $28.55.

Amentum Price Performance

NYSE AMTM opened at $22.41 on Friday. Amentum Holdings, Inc. has a 52 week low of $16.01 and a 52 week high of $34.47. The firm has a market capitalization of $5.45 billion and a P/E ratio of 57.45. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 0.97. The company has a 50-day moving average price of $23.58 and a 200-day moving average price of $23.12.

Amentum (NYSE:AMTM) last released its quarterly earnings results on Tuesday, August 5th. The company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.53 by $0.03. Amentum had a net margin of 0.41% and a return on equity of 10.90%. The firm had revenue of $2.23 billion during the quarter, compared to analyst estimates of $3.51 billion. The company’s revenue was up 66.2% compared to the same quarter last year. Amentum has set its FY 2025 guidance at 2.050-2.200 EPS. Equities research 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.