Teachers Retirement System of The State of Kentucky Lowers Stock Position in Amentum Holdings, Inc. (NYSE:AMTM)

Teachers Retirement System of The State of Kentucky cut its holdings in shares of Amentum Holdings, Inc. (NYSE:AMTM) by 76.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 49,584 shares of the company’s stock after selling 162,501 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Amentum were worth $1,042,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of AMTM. Avenir Corp acquired a new stake in Amentum in the fourth quarter valued at approximately $4,069,000. Keeley Teton Advisors LLC acquired a new stake in Amentum in the 4th quarter valued at $373,000. XTX Topco Ltd increased its holdings in Amentum by 1,118.4% in the 4th quarter. XTX Topco Ltd now owns 90,065 shares of the company’s stock worth $1,894,000 after acquiring an additional 82,673 shares in the last quarter. Barclays PLC lifted its holdings in Amentum by 6.2% during the fourth quarter. Barclays PLC now owns 169,651 shares of the company’s stock valued at $3,568,000 after purchasing an additional 9,838 shares in the last quarter. Finally, Cooper Creek Partners Management LLC grew its position in shares of Amentum by 396.3% in the fourth quarter. Cooper Creek Partners Management LLC now owns 4,157,034 shares of the company’s stock valued at $87,422,000 after purchasing an additional 3,319,364 shares during the period. Hedge funds and other institutional investors own 39.93% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. The Goldman Sachs Group began coverage on shares of Amentum in a research note on Thursday, March 20th. They issued a “neutral” rating and a $21.00 price target on the stock. Royal Bank of Canada restated a “sector perform” rating and issued a $24.00 target price on shares of Amentum in a research report on Thursday, February 6th. Morgan Stanley started coverage on Amentum in a research report on Wednesday, April 16th. They set an “underweight” rating and a $19.00 price target for the company. Truist Financial decreased their price objective on Amentum from $31.00 to $24.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Finally, Cantor Fitzgerald raised shares of Amentum to a “hold” rating in a report on Tuesday, February 25th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $24.71.

Amentum Price Performance

Shares of AMTM opened at $21.88 on Monday. Amentum Holdings, Inc. has a 52-week low of $16.01 and a 52-week high of $34.47. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 1.02. The stock has a fifty day simple moving average of $18.76 and a two-hundred day simple moving average of $22.24.

Amentum (NYSE:AMTM) last posted its earnings results on Tuesday, February 4th. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.06. Analysts predict that Amentum Holdings, Inc. will post 2.1 EPS for the current year.

Insiders Place Their Bets

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

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.