Y Intercept Hong Kong Ltd Makes New $4.69 Million Investment in Amentum Holdings, Inc. $AMTM

Y Intercept Hong Kong Ltd bought a new position in Amentum Holdings, Inc. (NYSE:AMTM) in the second quarter, Holdings Channel reports. The firm bought 198,726 shares of the company’s stock, valued at approximately $4,692,000.

A number of other large investors have also bought and sold shares of the company. Nisa Investment Advisors LLC increased its position in Amentum by 10.3% in the second quarter. Nisa Investment Advisors LLC now owns 33,630 shares of the company’s stock worth $794,000 after buying an additional 3,143 shares during the last quarter. Oppenheimer Asset Management Inc. purchased a new stake in Amentum in the second quarter worth $302,000. Leavell Investment Management Inc. increased its position in Amentum by 39.0% in the second quarter. Leavell Investment Management Inc. now owns 16,138 shares of the company’s stock worth $381,000 after buying an additional 4,524 shares during the last quarter. State of New Jersey Common Pension Fund D increased its position in Amentum by 2.5% in the second quarter. State of New Jersey Common Pension Fund D now owns 100,104 shares of the company’s stock worth $2,363,000 after buying an additional 2,451 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd increased its position in Amentum by 1,517.0% in the second quarter. Caitong International Asset Management Co. Ltd now owns 1,520 shares of the company’s stock worth $36,000 after buying an additional 1,426 shares during the last quarter. 39.93% of the stock is owned by hedge funds and other institutional investors.

Amentum Trading Down 2.6%

Shares of AMTM stock opened at $21.87 on Wednesday. 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 business has a 50-day moving average price of $23.74 and a two-hundred day moving average price of $23.05. Amentum Holdings, Inc. has a 12-month low of $16.01 and a 12-month high of $34.47. The firm has a market cap of $5.32 billion and a P/E ratio of 56.07.

Amentum (NYSE:AMTM) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.03. Amentum had a return on equity of 10.90% and a net margin of 0.41%.The firm had revenue of $2.23 billion during the quarter, compared to analyst estimates of $3.51 billion. The business’s revenue for the quarter was up 66.2% on a year-over-year basis. Amentum has set its FY 2025 guidance at 2.050-2.200 EPS. Equities analysts anticipate that Amentum Holdings, Inc. will post 2.1 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

AMTM has been the subject of a number of recent research reports. BTIG Research reissued a “buy” rating and issued a $30.00 target price on shares of Amentum in a research report on Monday. Raymond James Financial reaffirmed an “outperform” rating and issued a $30.00 target price on shares of Amentum in a research note on Monday, August 18th. The Goldman Sachs Group raised their target price on shares of Amentum from $21.00 to $26.00 and gave the company a “neutral” rating in a research note on Wednesday, August 13th. Bank of America raised their target price on shares of Amentum from $26.00 to $27.00 and gave the company a “neutral” rating in a research note on Wednesday, August 13th. Finally, JPMorgan Chase & Co. initiated coverage on shares of Amentum in a research note on Thursday, October 9th. They issued a “neutral” rating and a $30.00 target price on the stock. Six investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $28.55.

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.