Y Intercept Hong Kong Ltd Has $1.29 Million Holdings in Amentum Holdings, Inc. (NYSE:AMTM)

Y Intercept Hong Kong Ltd lifted its position in shares of Amentum Holdings, Inc. (NYSE:AMTM) by 731.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 61,268 shares of the company’s stock after buying an additional 53,898 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Amentum were worth $1,288,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Arrow Financial Corp acquired a new stake in shares of Amentum during the third quarter worth $26,000. US Bancorp DE bought a new position in Amentum during the third quarter worth $30,000. Anchor Investment Management LLC bought a new position in Amentum during the third quarter worth $32,000. Signaturefd LLC bought a new position in Amentum during the third quarter worth $33,000. Finally, Glen Eagle Advisors LLC bought a new position in Amentum during the third quarter worth $35,000. 39.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Amentum

In related news, insider Steven J. Demetriou acquired 100,000 shares of the firm’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 completion of the acquisition, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Barbara Loughran acquired 4,600 shares of the firm’s stock in a transaction that occurred on 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 acquisition, the director now directly owns 4,600 shares of the company’s stock, valued at $97,658. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. 18.67% of the stock is owned by insiders.

Amentum Price Performance

AMTM opened at $19.90 on Thursday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.59 and a current ratio of 1.59. The firm’s 50-day moving average price is $21.26. Amentum Holdings, Inc. has a fifty-two week low of $18.38 and a fifty-two week high of $34.50.

Amentum (NYSE:AMTM) last released 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 research analysts anticipate that Amentum Holdings, Inc. will post 2.1 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

About Amentum

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.