Cannon Global Investment Management LLC Makes New Investment in Amentum Holdings, Inc. (NYSE:AMTM)

Cannon Global Investment Management LLC acquired a new stake in Amentum Holdings, Inc. (NYSE:AMTM) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 13,500 shares of the company’s stock, valued at approximately $284,000.

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

Amentum Stock Up 0.0 %

AMTM opened at $18.33 on Monday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.59 and a current ratio of 1.59. Amentum Holdings, Inc. has a 12-month low of $16.95 and a 12-month high of $34.47. The company has a fifty day moving average of $20.44.

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

Insider Buying and Selling

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. The Goldman Sachs Group assumed coverage on Amentum in a report on Thursday. They set a “neutral” rating and a $21.00 target price on the stock. Royal Bank of Canada reissued a “sector perform” rating and set a $24.00 target price on shares of Amentum in a research report on Thursday, February 6th. Finally, Cantor Fitzgerald raised shares of Amentum to a “hold” rating in a report on Tuesday, February 25th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $26.20.

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.