Bryn Mawr Capital Management LLC Purchases 15,387 Shares of Amentum Holdings, Inc. (NYSE:AMTM)

Bryn Mawr Capital Management LLC raised its stake in Amentum Holdings, Inc. (NYSE:AMTM) by 34.9% in the fourth quarter, Holdings Channel reports. The fund owned 59,474 shares of the company’s stock after purchasing an additional 15,387 shares during the quarter. Bryn Mawr Capital Management LLC’s holdings in Amentum were worth $1,251,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. National Pension Service bought a new position in shares of Amentum in the fourth quarter worth about $327,000. Amalgamated Bank lifted its holdings in shares of Amentum by 51.1% in the fourth quarter. Amalgamated Bank now owns 38,610 shares of the company’s stock worth $812,000 after acquiring an additional 13,053 shares during the last quarter. Pine Valley Investments Ltd Liability Co lifted its holdings in shares of Amentum by 88.4% in the fourth quarter. Pine Valley Investments Ltd Liability Co now owns 39,560 shares of the company’s stock worth $832,000 after acquiring an additional 18,567 shares during the last quarter. Crestwood Advisors Group LLC lifted its holdings in shares of Amentum by 16.8% in the fourth quarter. Crestwood Advisors Group LLC now owns 93,522 shares of the company’s stock worth $1,967,000 after acquiring an additional 13,451 shares during the last quarter. Finally, IFP Advisors Inc lifted its holdings in shares of Amentum by 119.2% in the fourth quarter. IFP Advisors Inc now owns 1,532 shares of the company’s stock worth $35,000 after acquiring an additional 833 shares during the last quarter. Institutional investors own 39.93% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on AMTM shares. Cantor Fitzgerald raised shares of Amentum to a “hold” rating in a report on Tuesday. Royal Bank of Canada reissued a “sector perform” rating and issued a $24.00 target price on shares of Amentum in a report on Thursday, February 6th. Finally, Raymond James started coverage on shares of Amentum in a report on Thursday, November 21st. They issued an “outperform” rating and a $30.00 price objective for the company.

Insider Buying and Selling at Amentum

In other news, insider Steven J. Demetriou bought 100,000 shares of the firm’s stock in a transaction on Wednesday, February 12th. The stock was acquired at an average price of $20.81 per share, with a total value of $2,081,000.00. Following the transaction, the insider now owns 620,893 shares of the company’s stock, valued at $12,920,783.33. This trade represents a 19.20 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Barbara Loughran acquired 4,600 shares of Amentum stock in a transaction dated Tuesday, February 18th. The shares were bought at an average cost of $21.23 per share, with a total value of $97,658.00. Following the transaction, the director now owns 4,600 shares in the company, valued at approximately $97,658. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 18.67% of the company’s stock.

Amentum Trading Down 1.1 %

Shares of NYSE AMTM opened at $19.90 on Thursday. The firm has a 50 day simple moving average of $21.26. Amentum Holdings, Inc. has a 1 year low of $18.38 and a 1 year high of $34.50. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.59 and a quick ratio of 1.59.

Amentum (NYSE:AMTM) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.06. As a group, research analysts expect that Amentum Holdings, Inc. will post 2.1 EPS for the current fiscal year.

Amentum 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.