North Growth Management Ltd. Sells 2,000 Shares of Amentum Holdings, Inc. (NYSE:AMTM)

North Growth Management Ltd. lowered its stake in shares of Amentum Holdings, Inc. (NYSE:AMTM) by 2.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 91,000 shares of the company’s stock after selling 2,000 shares during the quarter. North Growth Management Ltd.’s holdings in Amentum were worth $1,920,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Wilmington Savings Fund Society FSB purchased a new stake in shares of Amentum in the third quarter valued at about $790,000. Wharton Business Group LLC purchased a new stake in Amentum in the 3rd quarter valued at about $2,106,000. JPMorgan Chase & Co. bought a new position in shares of Amentum during the 3rd quarter worth approximately $8,739,000. Peak Asset Management LLC purchased a new position in shares of Amentum in the 3rd quarter worth approximately $774,000. Finally, Foundations Investment Advisors LLC bought a new position in shares of Amentum in the fourth quarter valued at approximately $409,000. 39.93% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Truist Financial started coverage on Amentum in a report on Monday, October 14th. They set a “buy” rating and a $31.00 price target on the stock. Royal Bank of Canada reiterated a “sector perform” rating and set a $24.00 target price on shares of Amentum in a research note on Thursday. Raymond James started coverage on shares of Amentum in a research report on Thursday, November 21st. They set an “outperform” rating and a $30.00 price target for the company. Finally, Cantor Fitzgerald began coverage on shares of Amentum in a research report on Friday. They issued a “neutral” rating and a $25.00 price objective on the stock.

Amentum Price Performance

NYSE:AMTM opened at $22.13 on Friday. Amentum Holdings, Inc. has a 1 year low of $18.38 and a 1 year high of $34.50. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.59 and a quick ratio of 1.57. The stock has a fifty day moving average price of $21.98.

Amentum (NYSE:AMTM) last announced its quarterly earnings data 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. On average, equities analysts predict that Amentum Holdings, Inc. will post 2.1 EPS for the current year.

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.