Discovery Capital Management LLC CT Invests $9.79 Million in Amentum Holdings, Inc. (NYSE:AMTM)

Discovery Capital Management LLC CT purchased a new stake in Amentum Holdings, Inc. (NYSE:AMTM) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 465,300 shares of the company’s stock, valued at approximately $9,785,000. Discovery Capital Management LLC CT owned 0.19% of Amentum as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Anchor Investment Management LLC purchased a new position in shares of Amentum in the 3rd quarter valued at approximately $32,000. Glen Eagle Advisors LLC purchased a new position in Amentum in the 3rd quarter valued at $35,000. IFP Advisors Inc increased its stake in Amentum by 119.2% in the 4th quarter. IFP Advisors Inc now owns 1,532 shares of the company’s stock valued at $35,000 after buying an additional 833 shares during the period. Asset Planning Inc purchased a new position in Amentum during the 4th quarter worth $36,000. Finally, Horizon Investments LLC acquired a new stake in shares of Amentum in the 4th quarter worth $36,000. 39.93% of the stock is owned by hedge funds and other institutional investors.

Amentum Stock Performance

Shares of AMTM opened at $18.18 on Tuesday. Amentum Holdings, Inc. has a twelve month low of $16.95 and a twelve month high of $34.47. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 1.02. The business’s 50-day moving average is $19.88.

Amentum (NYSE:AMTM) last released its quarterly 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. On average, sell-side analysts predict that Amentum Holdings, Inc. will post 2.1 earnings per share for the current year.

Analyst Ratings Changes

AMTM has been the topic of a number of recent analyst reports. Cantor Fitzgerald upgraded shares of Amentum to a “hold” rating in a research note on Tuesday, February 25th. Royal Bank of Canada reiterated a “sector perform” rating and set a $24.00 target price on shares of Amentum in a research report on Thursday, February 6th. Finally, The Goldman Sachs Group assumed coverage on Amentum in a report on Thursday, March 20th. They issued a “neutral” rating and a $21.00 price target for the company. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $26.20.

Insider Activity

In other Amentum news, insider Steven J. Demetriou purchased 100,000 shares of the stock in a transaction dated Wednesday, February 12th. The shares were acquired 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 $12,920,783.33. This trade represents a 19.20 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Barbara Loughran acquired 4,600 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The shares were bought at an average cost of $21.23 per share, for a total transaction of $97,658.00. Following the purchase, the director now owns 4,600 shares of the company’s stock, valued at approximately $97,658. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 18.67% of the company’s stock.

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.