Amentum Holdings, Inc. (NYSE:AMTM) Shares Acquired by Pine Valley Investments Ltd Liability Co

Pine Valley Investments Ltd Liability Co boosted its position in Amentum Holdings, Inc. (NYSE:AMTM) by 88.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 39,560 shares of the company’s stock after purchasing an additional 18,567 shares during the period. Pine Valley Investments Ltd Liability Co’s holdings in Amentum were worth $832,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in AMTM. Arrow Financial Corp acquired a new stake in shares of Amentum during the 3rd quarter valued at approximately $26,000. US Bancorp DE purchased a new stake in Amentum in the 3rd quarter worth approximately $30,000. Anchor Investment Management LLC purchased a new stake in Amentum in the 3rd quarter worth approximately $32,000. Signaturefd LLC purchased a new stake in shares of Amentum during the 3rd quarter valued at $33,000. Finally, Glen Eagle Advisors LLC purchased a new stake in shares of Amentum during the 3rd quarter valued at $35,000. Institutional investors and hedge funds own 39.93% of the company’s stock.

Analyst Ratings Changes

AMTM has been the topic of several recent research reports. Raymond James initiated coverage on shares of Amentum in a report on Thursday, November 21st. They set an “outperform” rating and a $30.00 target price on the stock. Cantor Fitzgerald started coverage on shares of Amentum in a research report on Friday, February 7th. They issued a “neutral” rating and a $25.00 target price for the company. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $24.00 price objective on shares of Amentum in a research report on Thursday, February 6th.

Amentum Stock Performance

Shares of AMTM opened at $20.17 on Wednesday. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 1.02. The business’s fifty day simple moving average is $21.27. Amentum Holdings, Inc. has a 12 month low of $18.38 and a 12 month high of $34.50.

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. Analysts expect that Amentum Holdings, Inc. will post 2.1 EPS for the current year.

Insider Buying and Selling at Amentum

In related news, Director Barbara Loughran acquired 4,600 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were bought at an average cost of $21.23 per share, with a total value of $97,658.00. Following the completion of the transaction, the director now directly 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 acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Steven J. Demetriou purchased 100,000 shares of the stock in a transaction that occurred on Wednesday, February 12th. The shares were acquired at an average cost of $20.81 per share, for a total transaction of $2,081,000.00. Following the completion of the transaction, the insider now owns 620,893 shares of the company’s stock, valued at $12,920,783.33. This trade represents a 19.20 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 18.67% of the company’s stock.

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.