Amentum Sees Unusually High Options Volume (NYSE:AMTM)

Amentum Holdings, Inc. (NYSE:AMTM) was the target of unusually large options trading on Wednesday. Stock investors bought 17,448 call options on the stock. This represents an increase of approximately 2,020% compared to the average daily volume of 823 call options.

Amentum Price Performance

Shares of AMTM stock traded up $3.20 during trading hours on Wednesday, hitting $24.99. 5,269,103 shares of the company’s stock were exchanged, compared to its average volume of 2,050,288. Amentum has a 12-month low of $16.01 and a 12-month high of $26.63. The company has a market capitalization of $6.08 billion, a PE ratio of 63.99, a PEG ratio of 0.71 and a beta of 0.23. The business’s 50 day simple moving average is $22.99 and its 200-day simple moving average is $23.29. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 0.97.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Atlantic Union Bankshares Corp bought a new stake in Amentum in the 2nd quarter worth $25,000. Blue Trust Inc. increased its holdings in Amentum by 116.5% during the 3rd quarter. Blue Trust Inc. now owns 1,204 shares of the company’s stock valued at $29,000 after purchasing an additional 648 shares during the period. Quarry LP purchased a new stake in Amentum in the 1st quarter worth approximately $30,000. Signaturefd LLC grew its position in shares of Amentum by 108.0% in the 1st quarter. Signaturefd LLC now owns 1,764 shares of the company’s stock worth $32,000 after buying an additional 916 shares during the last quarter. Finally, Mather Group LLC. purchased a new position in shares of Amentum during the third quarter valued at approximately $32,000. 39.93% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on AMTM shares. Bank of America boosted their price objective 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. Truist Financial increased their price objective on Amentum from $24.00 to $30.00 and gave the stock a “buy” rating in a research report on Thursday, July 24th. Raymond James Financial restated an “outperform” rating and set a $30.00 target price on shares of Amentum in a research report on Monday, August 18th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Amentum in a research report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. started coverage on shares of Amentum in a research report on Thursday, October 9th. They issued a “neutral” rating and a $30.00 price objective on the stock. Six equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $28.25.

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.