Discovery Capital Management LLC CT Purchases Shares of 465,300 Amentum Holdings, Inc. (NYSE:AMTM)

Discovery Capital Management LLC CT acquired a new position in Amentum Holdings, Inc. (NYSE:AMTM) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm acquired 465,300 shares of the company’s stock, valued at approximately $9,785,000.

Several other hedge funds and other institutional investors have also modified their holdings of AMTM. Vanguard Group Inc. boosted its position in Amentum by 18.0% during the 4th quarter. Vanguard Group Inc. now owns 16,542,447 shares of the company’s stock worth $347,888,000 after purchasing an additional 2,529,173 shares during the period. State Street Corp acquired a new position in shares of Amentum during the third quarter worth about $236,306,000. Primecap Management Co. CA boosted its position in shares of Amentum by 21.7% in the fourth quarter. Primecap Management Co. CA now owns 6,414,379 shares of the company’s stock worth $134,894,000 after buying an additional 1,143,097 shares during the period. Geode Capital Management LLC acquired a new stake in shares of Amentum in the third quarter valued at about $101,022,000. Finally, Wellington Management Group LLP raised its holdings in shares of Amentum by 149.5% during the 4th quarter. Wellington Management Group LLP now owns 2,333,221 shares of the company’s stock valued at $49,068,000 after buying an additional 1,398,143 shares during the period. 39.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on AMTM. The Goldman Sachs Group started coverage on Amentum in a report on Thursday, March 20th. They issued a “neutral” rating and a $21.00 price target for the company. Cantor Fitzgerald upgraded shares of Amentum to a “hold” rating in a research note on Tuesday, February 25th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $24.00 price target on shares of Amentum in a research note on Thursday, February 6th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $26.20.

Insider Transactions at Amentum

In other Amentum news, Director Barbara Loughran bought 4,600 shares of the company’s stock in a transaction on 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 acquisition, the director now owns 4,600 shares of the company’s stock, valued at approximately $97,658. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Steven J. Demetriou purchased 100,000 shares of Amentum stock in a transaction dated 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 transaction, the insider now owns 620,893 shares in the company, valued at approximately $12,920,783.33. The trade was 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 Stock Up 0.6 %

Shares of AMTM opened at $18.18 on Tuesday. 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 firm has a 50 day simple moving average of $19.88. Amentum Holdings, Inc. has a 52-week low of $16.95 and a 52-week high of $34.47.

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

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.