Kopernik Global Investors LLC Has $15.02 Million Stock Holdings in Amentum Holdings, Inc. $AMTM

Kopernik Global Investors LLC lowered its position in shares of Amentum Holdings, Inc. (NYSE:AMTM) by 41.0% in the second quarter, HoldingsChannel reports. The firm owned 636,226 shares of the company’s stock after selling 441,269 shares during the period. Amentum makes up approximately 1.6% of Kopernik Global Investors LLC’s investment portfolio, making the stock its 15th biggest holding. Kopernik Global Investors LLC’s holdings in Amentum were worth $15,021,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. IFM Investors Pty Ltd bought a new position in shares of Amentum in the first quarter valued at approximately $411,000. Charles Schwab Investment Management Inc. increased its holdings in Amentum by 22.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,549,158 shares of the company’s stock valued at $28,195,000 after purchasing an additional 284,901 shares in the last quarter. Deutsche Bank AG raised its position in Amentum by 19.8% in the 1st quarter. Deutsche Bank AG now owns 17,088 shares of the company’s stock valued at $311,000 after purchasing an additional 2,820 shares during the last quarter. Mutual of America Capital Management LLC boosted its stake in Amentum by 11.5% in the first quarter. Mutual of America Capital Management LLC now owns 20,957 shares of the company’s stock worth $381,000 after purchasing an additional 2,161 shares in the last quarter. Finally, Nuveen LLC bought a new stake in shares of Amentum during the first quarter worth $5,238,000. 39.93% of the stock is currently owned by institutional investors and hedge funds.

Amentum Stock Performance

Shares of AMTM stock opened at $29.53 on Thursday. The stock has a market cap of $7.19 billion and a PE ratio of 109.38. The stock has a 50-day moving average of $24.57 and a 200-day moving average of $24.01. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.32 and a quick ratio of 1.32. Amentum Holdings, Inc. has a one year low of $16.01 and a one year high of $31.87.

Amentum (NYSE:AMTM) last issued its quarterly earnings data on Monday, November 24th. The company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.04. The firm had revenue of $3.93 billion during the quarter, compared to analysts’ expectations of $3.61 billion. Amentum had a net margin of 0.46% and a return on equity of 11.57%. The business’s quarterly revenue was up 10.1% on a year-over-year basis. As a group, sell-side analysts expect that Amentum Holdings, Inc. will post 2.1 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Morgan Stanley raised shares of Amentum from an “underweight” rating to an “equal weight” rating and increased their price objective for the stock from $20.00 to $35.00 in a report on Wednesday, November 26th. Raymond James Financial reaffirmed an “outperform” rating and set a $30.00 price objective on shares of Amentum in a report on Monday, August 18th. Citigroup reiterated an “outperform” rating on shares of Amentum in a research report on Wednesday, November 26th. UBS Group began coverage on Amentum in a research report on Wednesday, November 19th. They set a “neutral” rating and a $25.00 target price for the company. Finally, The Goldman Sachs Group raised their price target on Amentum from $21.00 to $26.00 and gave the company a “neutral” rating in a report on Wednesday, August 13th. Seven investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $32.17.

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.