EverSource Wealth Advisors LLC Raises Stake in Amentum Holdings, Inc. (NYSE:AMTM)

EverSource Wealth Advisors LLC raised its holdings in Amentum Holdings, Inc. (NYSE:AMTM) by 22.5% during the fourth quarter, HoldingsChannel reports. The firm owned 3,978 shares of the company’s stock after buying an additional 730 shares during the period. EverSource Wealth Advisors LLC’s holdings in Amentum were worth $84,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Wilmington Savings Fund Society FSB acquired a new position in Amentum in the 3rd quarter valued at about $790,000. JPMorgan Chase & Co. purchased a new position in shares of Amentum in the 3rd quarter valued at approximately $8,739,000. Foundations Investment Advisors LLC acquired a new position in shares of Amentum in the fourth quarter valued at approximately $409,000. Oppenheimer Asset Management Inc. purchased a new stake in shares of Amentum during the third quarter worth approximately $1,062,000. Finally, A. D. Beadell Investment Counsel Inc. lifted its holdings in shares of Amentum by 177.0% during the fourth quarter. A. D. Beadell Investment Counsel Inc. now owns 43,155 shares of the company’s stock worth $907,000 after purchasing an additional 27,575 shares during the period. 39.93% of the stock is owned by hedge funds and other institutional investors.

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 stock was bought 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 in the company, valued at approximately $97,658. The trade was a ? increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Steven J. Demetriou purchased 100,000 shares of the stock in a transaction dated 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 completion of the transaction, the insider now directly owns 620,893 shares of the company’s stock, valued at approximately $12,920,783.33. The trade was a 19.20 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 18.67% of the company’s stock.

Amentum Price Performance

Amentum stock opened at $18.55 on Wednesday. Amentum Holdings, Inc. has a one year low of $16.95 and a one year high of $34.47. The firm has a fifty day simple moving average of $20.64. 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 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. On average, analysts expect that Amentum Holdings, Inc. will post 2.1 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on AMTM. Royal Bank of Canada reissued a “sector perform” rating and issued a $24.00 price objective on shares of Amentum in a research note on Thursday, February 6th. Raymond James assumed coverage on shares of Amentum in a research note on Thursday, November 21st. They set an “outperform” rating and a $30.00 price target on the stock. Finally, Cantor Fitzgerald upgraded shares of Amentum to a “hold” rating in a research report on Tuesday, February 25th.

Amentum 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.