Y Intercept Hong Kong Ltd Buys 53,898 Shares of Amentum Holdings, Inc. (NYSE:AMTM)

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

Several other hedge funds and other institutional investors have also modified their holdings of AMTM. State Street Corp bought a new stake in Amentum in the 3rd quarter valued at about $236,306,000. Primecap Management Co. CA bought a new stake in Amentum in the 3rd quarter valued at about $169,999,000. Geode Capital Management LLC bought a new stake in Amentum in the 3rd quarter valued at about $101,022,000. Ruane Cunniff & Goldfarb L.P. bought a new stake in Amentum in the 3rd quarter valued at about $81,608,000. Finally, Massachusetts Financial Services Co. MA bought a new stake in Amentum in the 3rd quarter valued at about $39,613,000. Institutional investors own 39.93% of the company’s stock.

Insider Buying and Selling

In other Amentum news, insider Steven J. Demetriou purchased 100,000 shares of the firm’s stock in a transaction on Wednesday, February 12th. The stock was purchased at an average cost of $20.81 per share, for a total transaction of $2,081,000.00. Following the transaction, the insider now owns 620,893 shares in the company, valued at $12,920,783.33. The trade was a 19.20 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Barbara Loughran purchased 4,600 shares of the firm’s stock in a transaction on Tuesday, February 18th. The stock was acquired at an average price of $21.23 per share, with a total value of $97,658.00. Following the completion of the transaction, the director now owns 4,600 shares in the company, valued at approximately $97,658. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. 18.67% of the stock is owned by corporate insiders.

Amentum Stock Down 1.1 %

Shares of Amentum stock opened at $19.90 on Thursday. The stock’s 50 day moving average price is $21.26. Amentum Holdings, Inc. has a 1-year low of $18.38 and a 1-year high of $34.50. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 1.02.

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

Analyst Ratings Changes

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

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.