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

Paralel Advisors LLC lifted its stake in Amentum Holdings, Inc. (NYSE:AMTM) by 10.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,329 shares of the company’s stock after purchasing an additional 1,480 shares during the period. Paralel Advisors LLC’s holdings in Amentum were worth $343,000 as of its most recent SEC filing.

A number of 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 during the fourth quarter worth $30,000. Anchor Investment Management LLC bought a new stake in Amentum in the 3rd quarter valued at about $32,000. IFP Advisors Inc lifted its position in Amentum by 119.2% in the 4th quarter. IFP Advisors Inc now owns 1,532 shares of the company’s stock valued at $35,000 after purchasing an additional 833 shares during the last quarter. Asset Planning Inc bought a new stake in shares of Amentum during the 4th quarter worth about $36,000. Finally, Horizon Investments LLC bought a new stake in shares of Amentum during the 4th quarter worth about $36,000. 39.93% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Amentum

In other Amentum news, insider Steven J. Demetriou bought 100,000 shares of Amentum stock in a transaction dated Wednesday, February 12th. The shares were purchased at an average cost of $20.81 per share, with a total value of $2,081,000.00. Following the completion of the purchase, the insider now owns 620,893 shares of the company’s stock, valued at approximately $12,920,783.33. This represents a 19.20 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Barbara Loughran purchased 4,600 shares of Amentum stock in a transaction that occurred on Tuesday, February 18th. The stock was purchased at an average cost of $21.23 per share, for a total transaction of $97,658.00. Following the completion of the purchase, the director now owns 4,600 shares of the company’s stock, valued at $97,658. This trade represents a ? increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 18.67% of the company’s stock.

Amentum Price Performance

Shares of AMTM traded down $0.64 during mid-day trading on Thursday, hitting $17.37. 15,481 shares of the company’s stock were exchanged, compared to its average volume of 2,891,746. Amentum Holdings, Inc. has a 52 week low of $16.01 and a 52 week high of $34.47. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 1.02. The stock has a 50-day moving average of $19.22.

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

Analyst Upgrades and Downgrades

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