Amentum Holdings, Inc. $AMTM Shares Bought by 683 Capital Management LLC

683 Capital Management LLC raised its stake in Amentum Holdings, Inc. (NYSE:AMTM) by 46.5% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 1,630,000 shares of the company’s stock after purchasing an additional 517,000 shares during the period. Amentum accounts for approximately 2.5% of 683 Capital Management LLC’s holdings, making the stock its 5th biggest holding. 683 Capital Management LLC’s holdings in Amentum were worth $38,484,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of AMTM. Invesco Ltd. grew its stake in Amentum by 13.9% in the second quarter. Invesco Ltd. now owns 19,577,241 shares of the company’s stock worth $462,219,000 after purchasing an additional 2,386,131 shares in the last quarter. Norges Bank bought a new position in Amentum during the 2nd quarter worth approximately $51,015,000. Primecap Management Co. CA grew its position in shares of Amentum by 19.6% in the 2nd quarter. Primecap Management Co. CA now owns 12,030,656 shares of the company’s stock worth $284,044,000 after acquiring an additional 1,969,067 shares in the last quarter. Frontier Capital Management Co. LLC grew its position in shares of Amentum by 52.6% in the 2nd quarter. Frontier Capital Management Co. LLC now owns 5,460,743 shares of the company’s stock worth $128,928,000 after acquiring an additional 1,882,011 shares in the last quarter. Finally, Voss Capital LP increased its holdings in shares of Amentum by 393.7% in the 1st quarter. Voss Capital LP now owns 2,220,709 shares of the company’s stock valued at $40,417,000 after acquiring an additional 1,770,891 shares during the last quarter. Institutional investors own 39.93% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Citizens Jmp raised their price objective on Amentum from $30.00 to $35.00 and gave the stock a “market outperform” rating in a research note on Wednesday, November 26th. Truist Financial increased their target price on shares of Amentum from $30.00 to $34.00 and gave the stock a “buy” rating in a report on Wednesday, November 26th. Raymond James Financial restated an “outperform” rating and issued a $30.00 price target on shares of Amentum in a research report on Monday, August 18th. Cantor Fitzgerald lifted their price target on shares of Amentum from $35.00 to $40.00 and gave the company an “overweight” rating in a report on Tuesday, December 2nd. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Amentum in a research report on Monday. Seven analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $32.17.

Amentum Stock Performance

Shares of NYSE AMTM opened at $29.64 on Friday. Amentum Holdings, Inc. has a 12-month low of $16.01 and a 12-month high of $31.87. The company has a market cap of $7.22 billion and a PE ratio of 109.76. The stock has a 50 day simple moving average of $24.75 and a 200-day simple moving average of $24.12. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.84.

Amentum (NYSE:AMTM) last announced its earnings results on Monday, November 24th. The company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.04. Amentum had a return on equity of 11.57% and a net margin of 0.46%.The firm had revenue of $3.93 billion for the quarter, compared to the consensus estimate of $3.61 billion. The company’s revenue was up 10.1% compared to the same quarter last year. On average, equities research analysts forecast that Amentum Holdings, Inc. will post 2.1 EPS for the current year.

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.