Amentum Holdings, Inc. (NYSE:AMTM) Short Interest Down 26.7% in December

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

Amentum Price Performance

AMTM stock traded down $0.33 during trading on Wednesday, hitting $28.97. The stock had a trading volume of 1,444,103 shares, compared to its average volume of 2,128,285. The company’s 50 day moving average price is $26.24 and its two-hundred day moving average price is $24.84. The stock has a market cap of $7.06 billion and a price-to-earnings ratio of 107.30. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.32 and a current ratio of 1.32. Amentum has a 1-year low of $16.01 and a 1-year high of $31.87.

Amentum (NYSE:AMTM) last posted 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. Amentum had a net margin of 0.46% and a return on equity of 11.57%. The company had revenue of $3.93 billion for the quarter, compared to analyst estimates of $3.61 billion. The business’s quarterly revenue 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 fiscal year.

Hedge Funds Weigh In On Amentum

A number of institutional investors and hedge funds have recently bought and sold shares of AMTM. Vermillion & White Wealth Management Group LLC acquired a new stake in Amentum during the 3rd quarter valued at $46,000. CIBC Private Wealth Group LLC boosted its holdings in shares of Amentum by 63.6% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 5,300 shares of the company’s stock valued at $127,000 after buying an additional 2,061 shares during the last quarter. Advisory Services Network LLC bought a new position in Amentum during the third quarter worth about $61,000. Dark Forest Capital Management LP bought a new stake in shares of Amentum during the 3rd quarter worth about $2,296,000. Finally, Verition Fund Management LLC increased its position in Amentum by 1,128.0% during the 3rd quarter. Verition Fund Management LLC now owns 1,135,626 shares of the company’s stock worth $27,198,000 after buying an additional 1,043,145 shares during the period. Institutional investors own 39.93% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on AMTM. JPMorgan Chase & Co. increased their price target on shares of Amentum from $30.00 to $34.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 26th. Citizens Jmp increased their price target on Amentum from $30.00 to $35.00 and gave the company a “market outperform” rating in a report on Wednesday, November 26th. Royal Bank Of Canada raised their price objective on shares of Amentum from $26.00 to $30.00 and gave the company a “sector perform” rating in a research report on Wednesday, November 26th. Bank of America upped their target price on shares of Amentum from $27.00 to $30.00 and gave the company a “neutral” rating in a research report on Wednesday. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Amentum in a research note on Monday. Seven investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, Amentum currently has a consensus rating of “Moderate Buy” and an average price target of $32.42.

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.