Amentum Sees Unusually High Options Volume (NYSE:AMTM)

Amentum Holdings, Inc. (NYSE:AMTM) was the recipient of some unusual options trading on Tuesday. Investors purchased 11,482 call options on the company. This is an increase of 227% compared to the average volume of 3,516 call options.

Analysts Set New Price Targets

AMTM has been the topic of a number of analyst reports. Truist Financial initiated coverage on Amentum in a research note on Monday, October 14th. They issued a “buy” rating and a $31.00 price target on the stock. Royal Bank of Canada assumed coverage on shares of Amentum in a research report on Friday, January 10th. They issued a “sector perform” rating and a $24.00 target price on the stock. Finally, Raymond James initiated coverage on Amentum in a research note on Thursday, November 21st. They set an “outperform” rating and a $30.00 price objective for the company.

Institutional Investors Weigh In On Amentum

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Dover Advisors LLC bought a new stake in shares of Amentum during the third quarter worth $219,000. McKinley Carter Wealth Services Inc. bought a new stake in shares of Amentum in the 3rd quarter valued at about $1,764,000. Heritage Family Offices LLP purchased a new position in Amentum during the 3rd quarter worth $308,000. ZWJ Investment Counsel Inc. acquired a new stake in Amentum in the 3rd quarter worth approximately $2,256,000. Finally, Compass Wealth Management LLC purchased a new stake in shares of Amentum during the third quarter valued at $804,000. 39.93% of the stock is currently owned by hedge funds and other institutional investors.

Amentum Trading Down 1.3 %

Shares of Amentum stock traded down $0.30 during trading on Thursday, reaching $23.16. 1,651,318 shares of the stock traded hands, compared to its average volume of 2,537,883. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 1.02. Amentum has a 52-week low of $18.38 and a 52-week high of $34.50. The firm’s fifty day moving average price is $23.56.

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.