Voss Capital LP Reduces Stock Holdings in Amentum Holdings, Inc. $AMTM

Voss Capital LP reduced its position in shares of Amentum Holdings, Inc. (NYSE:AMTM) by 37.0% in the second quarter, HoldingsChannel reports. The firm owned 1,400,000 shares of the company’s stock after selling 820,709 shares during the quarter. Amentum makes up 2.3% of Voss Capital LP’s investment portfolio, making the stock its 16th largest position. Voss Capital LP’s holdings in Amentum were worth $33,054,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in AMTM. Atlantic Union Bankshares Corp purchased a new position in shares of Amentum in the second quarter worth approximately $25,000. Caitong International Asset Management Co. Ltd raised its position in Amentum by 1,517.0% in the second quarter. Caitong International Asset Management Co. Ltd now owns 1,520 shares of the company’s stock worth $36,000 after acquiring an additional 1,426 shares during the period. Quarry LP purchased a new position in shares of Amentum during the 1st quarter worth $30,000. OFI Invest Asset Management bought a new stake in shares of Amentum during the 2nd quarter valued at $48,000. Finally, Signaturefd LLC grew its position in shares of Amentum by 27.0% during the 2nd quarter. Signaturefd LLC now owns 2,241 shares of the company’s stock valued at $53,000 after acquiring an additional 477 shares during the period. Institutional investors own 39.93% of the company’s stock.

Amentum Stock Performance

NYSE AMTM opened at $28.89 on Monday. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.84. Amentum Holdings, Inc. has a twelve month low of $16.01 and a twelve month high of $31.87. The business has a 50-day moving average price of $24.27 and a 200-day moving average price of $23.86. The firm has a market cap of $7.04 billion, a price-to-earnings ratio of 107.00, a price-to-earnings-growth ratio of 0.97 and a beta of -0.02.

Amentum (NYSE:AMTM) last issued its earnings results on Monday, November 24th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.04. Amentum had a return on equity of 11.57% and a net margin of 0.46%.The company had revenue of $3.93 billion for the quarter, compared to the consensus estimate of $3.61 billion. The business’s revenue for the quarter was up 10.1% compared to the same quarter last year. As a group, equities research analysts predict that Amentum Holdings, Inc. will post 2.1 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on AMTM shares. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Amentum in a report on Tuesday, December 2nd. Truist Financial raised their price objective on Amentum from $30.00 to $34.00 and gave the stock a “buy” rating in a research note on Wednesday, November 26th. Morgan Stanley raised Amentum from an “underweight” rating to an “equal weight” rating and lifted their price objective for the company from $20.00 to $35.00 in a research report on Wednesday, November 26th. Bank of America increased their target price on shares of Amentum from $26.00 to $27.00 and gave the stock a “neutral” rating in a report on Wednesday, August 13th. Finally, JPMorgan Chase & Co. raised their target price on shares of Amentum from $30.00 to $34.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 26th. Seven analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $32.17.

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.