Kopernik Global Investors LLC Takes $16.11 Million Position in Amentum Holdings, Inc. (NYSE:AMTM)

Kopernik Global Investors LLC purchased a new stake in shares of Amentum Holdings, Inc. (NYSE:AMTM) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 765,982 shares of the company’s stock, valued at approximately $16,109,000. Amentum makes up approximately 1.8% of Kopernik Global Investors LLC’s holdings, making the stock its 19th biggest holding. Kopernik Global Investors LLC owned 0.31% of Amentum as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Huntington National Bank acquired a new position in shares of Amentum during the 4th quarter worth about $30,000. Anchor Investment Management LLC acquired a new position in shares of Amentum during the third quarter worth approximately $32,000. IFP Advisors Inc lifted its position in Amentum by 119.2% during the 4th quarter. IFP Advisors Inc now owns 1,532 shares of the company’s stock valued at $35,000 after purchasing an additional 833 shares during the period. Asset Planning Inc bought a new stake in Amentum in the fourth quarter valued at about $36,000. Finally, Horizon Investments LLC bought a new stake in shares of Amentum in the 4th quarter valued at $36,000. 39.93% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AMTM has been the subject of a number of analyst reports. Royal Bank of Canada restated a “sector perform” rating and issued a $24.00 price target on shares of Amentum in a research note on Thursday, February 6th. The Goldman Sachs Group started coverage on Amentum in a report on Thursday, March 20th. They set a “neutral” rating and a $21.00 price objective on the stock. Finally, Cantor Fitzgerald raised shares of Amentum to a “hold” rating in a research note on Tuesday, February 25th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $26.20.

Insider Buying and Selling at Amentum

In related news, insider Steven J. Demetriou acquired 100,000 shares of the stock in a transaction on Wednesday, February 12th. The shares were acquired at an average price 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 approximately $12,920,783.33. This trade represents a 19.20 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Barbara Loughran acquired 4,600 shares of the firm’s stock in a transaction on Tuesday, February 18th. The stock was purchased at an average price of $21.23 per share, with a total value of $97,658.00. Following the transaction, the director now owns 4,600 shares of the company’s stock, 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 currently owned by company insiders.

Amentum Stock Up 5.0 %

Amentum stock opened at $18.12 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. Amentum Holdings, Inc. has a one year low of $16.01 and a one year high of $34.47. The firm’s fifty day simple moving average is $19.11.

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

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.