North Growth Management Ltd. Lowers Holdings in Amentum Holdings, Inc. (NYSE:AMTM)

North Growth Management Ltd. trimmed its position in Amentum Holdings, Inc. (NYSE:AMTM) by 2.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 91,000 shares of the company’s stock after selling 2,000 shares during the period. North Growth Management Ltd.’s holdings in Amentum were worth $1,920,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in AMTM. State Street Corp purchased a new stake in Amentum in the third quarter valued at approximately $236,306,000. Primecap Management Co. CA bought a new position in shares of Amentum in the 3rd quarter worth $169,999,000. Geode Capital Management LLC purchased a new stake in shares of Amentum during the 3rd quarter valued at $101,022,000. Ruane Cunniff & Goldfarb L.P. bought a new stake in shares of Amentum during the 3rd quarter worth $81,608,000. Finally, Allspring Global Investments Holdings LLC purchased a new position in Amentum in the third quarter worth $78,399,000. 39.93% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on AMTM shares. Royal Bank of Canada restated a “sector perform” rating and set a $24.00 price target on shares of Amentum in a research report on Thursday. Raymond James began coverage on Amentum in a report on Thursday, November 21st. They set an “outperform” rating and a $30.00 price objective on the stock. Truist Financial started coverage on Amentum in a research note on Monday, October 14th. They issued a “buy” rating and a $31.00 target price for the company. Finally, Cantor Fitzgerald initiated coverage on shares of Amentum in a research note on Friday. They set a “neutral” rating and a $25.00 price target on the stock.

Amentum Trading Down 3.1 %

AMTM opened at $22.13 on Friday. Amentum Holdings, Inc. has a 12 month low of $18.38 and a 12 month high of $34.50. The company has a current ratio of 1.59, a quick ratio of 1.57 and a debt-to-equity ratio of 1.02. The business has a 50-day moving average of $21.98.

Amentum (NYSE:AMTM) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.06. On average, equities analysts forecast that Amentum Holdings, Inc. will post 2.1 earnings per share for the current fiscal 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.