Exchange Traded Concepts LLC Acquires 6,744 Shares of Amentum Holdings, Inc. (NYSE:AMTM)

Exchange Traded Concepts LLC raised its holdings in shares of Amentum Holdings, Inc. (NYSE:AMTM) by 102.7% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 13,312 shares of the company’s stock after purchasing an additional 6,744 shares during the period. Exchange Traded Concepts LLC’s holdings in Amentum were worth $280,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of AMTM. State Street Corp purchased a new position in Amentum during the third quarter valued at approximately $236,306,000. Primecap Management Co. CA purchased a new position in shares of Amentum in the 3rd quarter valued at $169,999,000. Geode Capital Management LLC bought a new position in shares of Amentum in the 3rd quarter worth $101,022,000. Ruane Cunniff & Goldfarb L.P. purchased a new stake in shares of Amentum during the 3rd quarter worth $81,608,000. Finally, Allspring Global Investments Holdings LLC bought a new stake in Amentum during the third quarter valued at about $78,399,000. Institutional investors own 39.93% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on AMTM. Royal Bank of Canada initiated coverage on shares of Amentum in a report on Friday, January 10th. They issued a “sector perform” rating and a $24.00 target price for the company. Truist Financial initiated coverage on shares of Amentum in a research note on Monday, October 14th. They set a “buy” rating and a $31.00 price objective for the company. Finally, Raymond James started coverage on shares of Amentum in a research note on Thursday, November 21st. They issued an “outperform” rating and a $30.00 target price for the company.

Amentum Price Performance

Shares of AMTM stock opened at $20.95 on Friday. Amentum Holdings, Inc. has a 52-week low of $18.38 and a 52-week high of $34.50. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 1.02. The company has a 50-day moving average of $22.24.

Amentum (NYSE:AMTM) last released its quarterly earnings results on Monday, December 16th. The company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.37 by $0.10. As a group, sell-side analysts expect 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.