Alpine Global Management LLC Acquires Shares of 25,000 Amentum Holdings, Inc. (NYSE:AMTM)

Alpine Global Management LLC acquired a new stake in shares of Amentum Holdings, Inc. (NYSE:AMTM) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 25,000 shares of the company’s stock, valued at approximately $526,000.

Several other institutional investors have also added to or reduced their stakes in AMTM. Huntington National Bank bought a new stake in shares of Amentum during the fourth quarter valued at about $30,000. IFP Advisors Inc increased its position in shares of Amentum by 119.2% during the fourth quarter. IFP Advisors Inc now owns 1,532 shares of the company’s stock valued at $35,000 after buying an additional 833 shares during the period. Asset Planning Inc bought a new stake in shares of Amentum during the fourth quarter valued at about $36,000. Horizon Investments LLC bought a new stake in shares of Amentum during the fourth quarter valued at about $36,000. Finally, National Bank of Canada FI increased its position in shares of Amentum by 31,328.6% during the fourth quarter. National Bank of Canada FI now owns 2,200 shares of the company’s stock valued at $46,000 after buying an additional 2,193 shares during the period. 39.93% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on AMTM. Morgan Stanley began coverage on Amentum in a research report on Wednesday, April 16th. They set an “underweight” rating and a $19.00 price target on the stock. The Goldman Sachs Group began coverage on Amentum in a research report on Thursday, March 20th. They set a “neutral” rating and a $21.00 price target on the stock. BTIG Research began coverage on Amentum in a research report on Tuesday, April 15th. They set a “buy” rating and a $30.00 price target on the stock. Cantor Fitzgerald upgraded shares of Amentum to a “hold” rating in a research report on Tuesday, February 25th. Finally, Royal Bank of Canada set a $24.00 price objective on shares of Amentum and gave the stock a “sector perform” rating in a research report on Wednesday. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $25.38.

Amentum Price Performance

AMTM stock opened at $21.17 on Friday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.59 and a current ratio of 1.59. The company’s 50 day moving average is $19.66 and its 200 day moving average is $21.38. Amentum Holdings, Inc. has a 1-year low of $16.01 and a 1-year high of $34.47.

Amentum (NYSE:AMTM) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.05. The company had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.44 billion. Analysts expect that Amentum Holdings, Inc. will post 2.1 EPS for the current fiscal year.

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.