Hahn Capital Management LLC Has $1.63 Million Position in Amentum Holdings, Inc. (NYSE:AMTM)

Hahn Capital Management LLC lifted its stake in shares of Amentum Holdings, Inc. (NYSE:AMTM) by 47.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 77,322 shares of the company’s stock after acquiring an additional 25,036 shares during the period. Amentum accounts for about 0.7% of Hahn Capital Management LLC’s portfolio, making the stock its 27th biggest position. Hahn Capital Management LLC’s holdings in Amentum were worth $1,626,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in AMTM. Signaturefd LLC bought a new position in shares of Amentum during the 3rd quarter worth about $33,000. Private Advisor Group LLC bought a new position in shares of Amentum during the 3rd quarter worth about $433,000. Allworth Financial LP bought a new position in shares of Amentum during the 3rd quarter worth about $140,000. Louisiana State Employees Retirement System bought a new position in shares of Amentum during the 3rd quarter worth about $226,000. Finally, Wealth Enhancement Advisory Services LLC bought a new position in shares of Amentum during the 3rd quarter worth about $3,905,000. Institutional investors own 39.93% of the company’s stock.

Amentum Stock Down 3.4 %

Shares of NYSE AMTM opened at $19.27 on Friday. Amentum Holdings, Inc. has a fifty-two week low of $18.38 and a fifty-two week high of $34.50. The company has a 50-day simple moving average of $21.26. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 1.02.

Amentum (NYSE:AMTM) last posted its earnings results on Tuesday, February 4th. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.45 by $0.06. Sell-side analysts forecast that Amentum Holdings, Inc. will post 2.1 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Steven J. Demetriou purchased 100,000 shares of the firm’s stock in a transaction dated Wednesday, February 12th. The stock was bought at an average price of $20.81 per share, for a total transaction of $2,081,000.00. Following the purchase, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Barbara Loughran purchased 4,600 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The shares were bought at an average price of $21.23 per share, with a total value of $97,658.00. Following the purchase, 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. Insiders own 18.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Cantor Fitzgerald raised shares of Amentum to a “hold” rating in a research report on Tuesday. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $24.00 price target on shares of Amentum in a research report on Thursday, February 6th. Finally, Raymond James assumed coverage on shares of Amentum in a research report on Thursday, November 21st. They issued an “outperform” rating and a $30.00 price target 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.