Bryn Mawr Capital Management LLC Has $26,000 Holdings in Amentum Holdings, Inc. (NYSE:AMTM)

Bryn Mawr Capital Management LLC cut its holdings in Amentum Holdings, Inc. (NYSE:AMTM) by 97.2% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,228 shares of the company’s stock after selling 42,859 shares during the period. Bryn Mawr Capital Management LLC’s holdings in Amentum were worth $26,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. State Street Corp acquired a new stake in Amentum during the third quarter worth about $236,306,000. Primecap Management Co. CA acquired a new stake in Amentum during the third quarter worth about $169,999,000. Geode Capital Management LLC acquired a new stake in Amentum during the third quarter worth about $101,022,000. Ruane Cunniff & Goldfarb L.P. acquired a new stake in Amentum during the third quarter worth about $81,608,000. Finally, Massachusetts Financial Services Co. MA acquired a new stake in Amentum during the third quarter worth about $39,613,000. 39.93% of the stock is currently owned by institutional investors and hedge funds.

Amentum Stock Performance

AMTM opened at $20.06 on Friday. The firm has a 50 day moving average of $21.38. Amentum Holdings, Inc. has a 1-year low of $18.38 and a 1-year high of $34.50. 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 (NYSE:AMTM) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.06. On average, equities analysts expect that Amentum Holdings, Inc. will post 2.1 earnings per share for the current year.

Insider Activity at Amentum

In other Amentum news, insider Steven J. Demetriou acquired 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 acquisition, the insider now directly owns 620,893 shares in the company, valued at $12,920,783.33. This represents a 19.20 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Barbara Loughran acquired 4,600 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The stock was acquired at an average price of $21.23 per share, with a total value of $97,658.00. Following the acquisition, the director now owns 4,600 shares in the company, valued at $97,658. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 18.67% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Royal Bank of Canada reiterated a “sector perform” rating and set a $24.00 price objective on shares of Amentum in a research note on Thursday, February 6th. Cantor Fitzgerald assumed coverage on shares of Amentum in a research note on Friday, February 7th. They set a “neutral” rating and a $25.00 price objective on the stock. Finally, Raymond James started coverage on shares of Amentum in a research note on Thursday, November 21st. They set an “outperform” rating and a $30.00 price objective on the stock.

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.