Bryn Mawr Capital Management LLC Has $26,000 Holdings in Amentum Holdings, Inc. (NYSE:AMTM)

Bryn Mawr Capital Management LLC lessened its stake in Amentum Holdings, Inc. (NYSE:AMTM) by 97.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,228 shares of the company’s stock after selling 42,859 shares during the quarter. Bryn Mawr Capital Management LLC’s holdings in Amentum were worth $26,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Arrow Financial Corp acquired a new position in Amentum during the third quarter worth $26,000. US Bancorp DE acquired a new position in Amentum during the third quarter worth $30,000. Anchor Investment Management LLC acquired a new position in Amentum during the third quarter worth $32,000. Signaturefd LLC acquired a new position in Amentum during the third quarter worth $33,000. Finally, Glen Eagle Advisors LLC acquired a new position in Amentum during the third quarter worth $35,000. Institutional investors and hedge funds own 39.93% of the company’s stock.

Amentum Stock Down 3.3 %

NYSE AMTM opened at $20.06 on Friday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.59 and a current ratio of 1.59. The stock’s fifty day moving average price is $21.38. Amentum Holdings, Inc. has a 1 year low of $18.38 and a 1 year high of $34.50.

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, topping the consensus estimate of $0.45 by $0.06. On average, analysts anticipate that Amentum Holdings, Inc. will post 2.1 earnings per share for the current year.

Insider Activity

In related news, Director Barbara Loughran acquired 4,600 shares of the company’s stock in a transaction dated 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 transaction, the director now directly owns 4,600 shares of the company’s stock, valued at $97,658. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Steven J. Demetriou acquired 100,000 shares of the company’s stock in a transaction dated Wednesday, February 12th. The stock was bought at an average cost of $20.81 per share, for a total transaction of $2,081,000.00. Following the completion of the transaction, the insider now directly owns 620,893 shares of the company’s stock, valued at approximately $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. Insiders own 18.67% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Royal Bank of Canada restated a “sector perform” rating and set a $24.00 target price on shares of Amentum in a report on Thursday, February 6th. Raymond James began coverage on shares of Amentum in a report on Thursday, November 21st. They set an “outperform” rating and a $30.00 target price for the company. Finally, Cantor Fitzgerald began coverage on shares of Amentum in a research report on Friday, February 7th. They set a “neutral” rating and a $25.00 price target on the stock.

Amentum Company 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.