Pine Valley Investments Ltd Liability Co Acquires 18,567 Shares of Amentum Holdings, Inc. (NYSE:AMTM)

Pine Valley Investments Ltd Liability Co boosted its holdings in Amentum Holdings, Inc. (NYSE:AMTM) by 88.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,560 shares of the company’s stock after buying an additional 18,567 shares during the quarter. Pine Valley Investments Ltd Liability Co’s holdings in Amentum were worth $832,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Signaturefd LLC bought a new position in Amentum during the 3rd quarter worth approximately $33,000. Private Advisor Group LLC bought a new position in Amentum during the 3rd quarter worth approximately $433,000. Hennion & Walsh Asset Management Inc. bought a new position in Amentum during the 3rd quarter worth approximately $250,000. Ballentine Partners LLC bought a new position in Amentum during the 3rd quarter worth approximately $233,000. Finally, Allworth Financial LP bought a new position in Amentum during the 3rd quarter worth approximately $140,000. Institutional investors own 39.93% of the company’s stock.

Amentum Trading Up 1.8 %

NYSE:AMTM opened at $20.17 on Wednesday. The company has a fifty day moving average of $21.27. Amentum Holdings, Inc. has a twelve month low of $18.38 and a twelve month 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 posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.06. On average, sell-side analysts predict that Amentum Holdings, Inc. will post 2.1 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Raymond James initiated coverage on shares of Amentum in a report on Thursday, November 21st. They set an “outperform” rating and a $30.00 price target for the company. Royal Bank of Canada reiterated a “sector perform” rating and issued a $24.00 price objective on shares of Amentum in a research note on Thursday, February 6th. Finally, Cantor Fitzgerald initiated coverage on shares of Amentum in a research note on Friday, February 7th. They issued a “neutral” rating and a $25.00 price objective for the company.

Insider Activity at Amentum

In other Amentum news, insider Steven J. Demetriou purchased 100,000 shares of Amentum stock in a transaction that occurred 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 in the company, valued at $12,920,783.33. This trade represents a 19.20 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Barbara Loughran acquired 4,600 shares of the business’s stock in a transaction on Tuesday, February 18th. The shares were purchased at an average cost of $21.23 per share, for a total transaction of $97,658.00. Following the completion of the acquisition, the director now directly owns 4,600 shares in the company, valued at approximately $97,658. The trade was a ? increase in their ownership of the stock. The disclosure for this purchase can be found here. 18.67% of the stock is currently owned by insiders.

About Amentum

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.