Stock Traders Buy Large Volume of Amentum Call Options (NYSE:AMTM)

Amentum Holdings, Inc. (NYSE:AMTM) saw some unusual options trading on Monday. Stock investors bought 3,351 call options on the company. This is an increase of 61% compared to the average volume of 2,080 call options.

Institutional Trading of Amentum

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Cacti Asset Management LLC raised its position in shares of Amentum by 2.9% during the fourth quarter. Cacti Asset Management LLC now owns 881,692 shares of the company’s stock valued at $25,745,000 after buying an additional 24,600 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Amentum by 14.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 104,771 shares of the company’s stock valued at $2,509,000 after acquiring an additional 13,449 shares in the last quarter. Vermillion & White Wealth Management Group LLC bought a new stake in shares of Amentum in the 3rd quarter worth approximately $46,000. CIBC Private Wealth Group LLC grew its holdings in shares of Amentum by 63.6% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 5,300 shares of the company’s stock worth $127,000 after purchasing an additional 2,061 shares in the last quarter. Finally, Advisory Services Network LLC acquired a new stake in shares of Amentum during the 3rd quarter worth approximately $61,000. 39.93% of the stock is currently owned by institutional investors and hedge funds.

Amentum Price Performance

NYSE AMTM opened at $31.46 on Wednesday. The stock has a 50-day simple moving average of $26.89 and a 200 day simple moving average of $25.10. Amentum has a twelve month low of $16.01 and a twelve month high of $31.87. The stock has a market capitalization of $7.67 billion, a PE ratio of 116.52, a P/E/G ratio of 0.92 and a beta of -0.01. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.32 and a current ratio of 1.32.

Amentum (NYSE:AMTM) last issued its quarterly earnings results on Monday, November 24th. The company reported $0.63 EPS for the quarter, topping 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 company had revenue of $3.93 billion for the quarter, compared to the consensus estimate of $3.61 billion. Amentum’s quarterly revenue was up 10.1% on a year-over-year basis. Research analysts anticipate that Amentum will post 2.1 EPS for the current year.

Analysts Set New Price Targets

Several research firms have recently weighed in on AMTM. Citigroup reissued an “outperform” rating on shares of Amentum in a research note on Wednesday, November 26th. Truist Financial lifted their price objective on Amentum from $30.00 to $34.00 and gave the company a “buy” rating in a research report on Wednesday, November 26th. Cantor Fitzgerald lifted their price objective on shares of Amentum from $35.00 to $40.00 and gave the company an “overweight” rating in a research note on Tuesday, December 2nd. JPMorgan Chase & Co. boosted their price target on Amentum from $30.00 to $34.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 26th. Finally, Royal Bank Of Canada increased their price objective on Amentum from $26.00 to $30.00 and gave the company a “sector perform” rating in a report on Wednesday, November 26th. Seven research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $32.42.

About Amentum

Amentum is a government services provider specializing in mission-critical solutions for defense, federal civilian and commercial customers around the globe. The company delivers integrated services that span the full lifecycle of complex programs and facilities, including engineering, program and project management, logistics, operations, maintenance and environmental remediation.

Core offerings include infrastructure support, energy and facilities management, environmental solutions and nuclear services.