Cerity Partners LLC Cuts Stock Holdings in Amentum Holdings, Inc. (NYSE:AMTM)

Cerity Partners LLC lessened its holdings in Amentum Holdings, Inc. (NYSE:AMTM) by 14.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 69,523 shares of the company’s stock after selling 11,340 shares during the quarter. Cerity Partners LLC’s holdings in Amentum were worth $1,604,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in AMTM. Russell Investments Group Ltd. lifted its holdings in shares of Amentum by 62.2% in the 4th quarter. Russell Investments Group Ltd. now owns 125,538 shares of the company’s stock valued at $2,641,000 after buying an additional 48,147 shares during the period. Hikari Tsushin Inc. lifted its holdings in Amentum by 3.9% in the fourth quarter. Hikari Tsushin Inc. now owns 42,800 shares of the company’s stock valued at $900,000 after acquiring an additional 1,599 shares during the period. Rangeley Capital LLC purchased a new stake in shares of Amentum during the 4th quarter worth $988,000. Huntington National Bank acquired a new position in shares of Amentum during the 4th quarter worth $30,000. Finally, Discovery Capital Management LLC CT purchased a new position in shares of Amentum in the 4th quarter valued at about $9,785,000. Hedge funds and other institutional investors own 39.93% of the company’s stock.

Amentum Stock Performance

Shares of NYSE:AMTM opened at $18.71 on Thursday. The firm has a fifty day moving average of $18.88. Amentum Holdings, Inc. has a 52-week low of $16.01 and a 52-week high of $34.47. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 1.02.

Amentum (NYSE:AMTM) last released its earnings results 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. On average, equities research analysts anticipate that Amentum Holdings, Inc. will post 2.1 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have weighed in on AMTM shares. Royal Bank of Canada restated a “sector perform” rating and set a $24.00 target price on shares of Amentum in a research report on Thursday, February 6th. Cantor Fitzgerald upgraded Amentum to a “hold” rating in a report on Tuesday, February 25th. Truist Financial reduced their price objective on Amentum from $31.00 to $24.00 and set a “buy” rating for the company in a report on Monday. Morgan Stanley initiated coverage on Amentum in a report on Wednesday. They issued an “underweight” rating and a $19.00 target price on the stock. Finally, The Goldman Sachs Group initiated coverage on Amentum in a research note on Thursday, March 20th. They set a “neutral” rating and a $21.00 price target for the company. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $24.71.

Insider Buying and Selling

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

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.