47,000 Shares in Amentum Holdings, Inc. (NYSE:AMTM) Acquired by Rangeley Capital LLC

Rangeley Capital LLC acquired a new position in shares of Amentum Holdings, Inc. (NYSE:AMTM) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 47,000 shares of the company’s stock, valued at approximately $988,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Huntington National Bank acquired a new position in shares of Amentum in the 4th quarter valued at about $30,000. Anchor Investment Management LLC acquired a new position in Amentum in the 3rd quarter valued at approximately $32,000. Glen Eagle Advisors LLC purchased a new stake in Amentum in the 3rd quarter worth approximately $35,000. IFP Advisors Inc grew its holdings in shares of Amentum by 119.2% during the 4th quarter. IFP Advisors Inc now owns 1,532 shares of the company’s stock valued at $35,000 after acquiring an additional 833 shares in the last quarter. Finally, Asset Planning Inc purchased a new stake in shares of Amentum during the fourth quarter worth $36,000. Institutional investors and hedge funds own 39.93% of the company’s stock.

Insider Buying and Selling at Amentum

In other news, insider Steven J. Demetriou bought 100,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 12th. The stock was acquired at an average price of $20.81 per share, for a total transaction of $2,081,000.00. Following the transaction, the insider now directly 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 transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Barbara Loughran purchased 4,600 shares of Amentum stock in a transaction on Tuesday, February 18th. The stock was purchased at an average price of $21.23 per share, for a total transaction of $97,658.00. Following the completion of the transaction, the director now owns 4,600 shares of the company’s stock, valued at approximately $97,658. This represents a ? increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 18.67% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Cantor Fitzgerald raised Amentum to a “hold” rating in a research report on Tuesday, February 25th. The Goldman Sachs Group assumed coverage on shares of Amentum in a research report on Thursday, March 20th. They issued a “neutral” rating and a $21.00 price target on the stock. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $24.00 target price on shares of Amentum in a research note on Thursday, February 6th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $26.20.

Amentum Stock Performance

Shares of NYSE AMTM opened at $19.73 on Thursday. Amentum Holdings, Inc. has a one year low of $16.95 and a one year high of $34.47. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.59 and a quick ratio of 1.59. The company has a fifty day moving average price of $19.70.

Amentum (NYSE:AMTM) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.06. Analysts predict that Amentum Holdings, Inc. will post 2.1 earnings per share for the current year.

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.