Short Interest in Amentum Holdings, Inc. (NYSE:AMTM) Drops By 26.7%

Amentum Holdings, Inc. (NYSE:AMTM) was the recipient of a significant drop in short interest during the month of December. As of December 15th, there was short interest totaling 7,000,683 shares, a drop of 26.7% from the November 30th total of 9,555,161 shares. Approximately 3.5% of the company’s stock are sold short. Based on an average daily volume of 2,555,364 shares, the short-interest ratio is currently 2.7 days. Based on an average daily volume of 2,555,364 shares, the short-interest ratio is currently 2.7 days. Approximately 3.5% of the company’s stock are sold short.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of AMTM. Atlantic Union Bankshares Corp acquired a new stake in shares of Amentum in the second quarter worth $25,000. Blue Trust Inc. boosted its holdings in Amentum by 116.5% in 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 acquired a new stake in Amentum in the 1st quarter worth $30,000. Mather Group LLC. acquired a new stake in Amentum in the 3rd quarter worth $32,000. Finally, Caitong International Asset Management Co. Ltd increased its holdings in shares of Amentum by 1,517.0% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 1,520 shares of the company’s stock worth $36,000 after purchasing an additional 1,426 shares during the period. 39.93% of the stock is currently owned by institutional investors and hedge funds.

Amentum Stock Performance

Shares of Amentum stock traded up $0.11 on Tuesday, reaching $29.31. The stock had a trading volume of 1,242,066 shares, compared to its average volume of 2,026,948. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.32 and a current ratio of 1.32. The business’s 50-day moving average price is $26.11 and its two-hundred day moving average price is $24.81. The stock has a market cap of $7.14 billion and a P/E ratio of 108.56. Amentum has a fifty-two week low of $16.01 and a fifty-two week high of $31.87.

Amentum (NYSE:AMTM) last announced its 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. The firm had revenue of $3.93 billion for the quarter, compared to the consensus estimate of $3.61 billion. Amentum had a net margin of 0.46% and a return on equity of 11.57%. The company’s revenue for the quarter was up 10.1% compared to the same quarter last year. On average, sell-side analysts forecast that Amentum will post 2.1 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on AMTM shares. Weiss Ratings reiterated a “hold (c-)” rating on shares of Amentum in a report on Monday. Citizens Jmp boosted their target price on shares of Amentum from $30.00 to $35.00 and gave the stock a “market outperform” rating in a research report on Wednesday, November 26th. JMP Securities set a $35.00 price target on shares of Amentum in a report on Wednesday, November 26th. Wall Street Zen lowered shares of Amentum from a “strong-buy” rating to a “buy” rating in a research note on Sunday. Finally, JPMorgan Chase & Co. increased their target price on shares of Amentum from $30.00 to $34.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 26th. Seven equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $32.17.

Amentum Company Profile

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.