Forte Capital LLC ADV Reduces Position in Amentum Holdings, Inc. (NYSE:AMTM)

Forte Capital LLC ADV lessened its holdings in shares of Amentum Holdings, Inc. (NYSE:AMTM) by 64.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 24,234 shares of the company’s stock after selling 43,578 shares during the quarter. Forte Capital LLC ADV’s holdings in Amentum were worth $510,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also modified their holdings of the company. Arrow Financial Corp bought a new stake in Amentum in the 3rd quarter valued at $26,000. US Bancorp DE bought a new stake in Amentum in the 3rd quarter valued at $30,000. Anchor Investment Management LLC bought a new stake in Amentum in the 3rd quarter valued at $32,000. Signaturefd LLC bought a new stake in Amentum in the 3rd quarter valued at $33,000. Finally, Glen Eagle Advisors LLC bought a new stake in Amentum in the 3rd quarter valued at $35,000. Hedge funds and other institutional investors own 39.93% of the company’s stock.

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 target on the stock. Cantor Fitzgerald assumed coverage on shares of Amentum in a report on Friday, February 7th. They issued a “neutral” rating and a $25.00 price target on the stock. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $24.00 price target on shares of Amentum in a report on Thursday, February 6th.

Amentum Stock Performance

Amentum stock opened at $20.06 on Friday. The business has a 50-day simple moving average of $21.38. Amentum Holdings, Inc. has a twelve month low of $18.38 and a twelve month high of $34.50. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.59 and a current ratio of 1.59.

Amentum (NYSE:AMTM) last posted its earnings results on Tuesday, February 4th. The company reported $0.51 earnings per share 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 EPS for the current year.

Insider Buying and Selling

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

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.