Ameliora Wealth Management Ltd. Purchases 2,134 Shares of Amentum Holdings, Inc. (NYSE:AMTM)

Ameliora Wealth Management Ltd. grew its stake in shares of Amentum Holdings, Inc. (NYSE:AMTM) by 2,371.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,224 shares of the company’s stock after acquiring an additional 2,134 shares during the period. Ameliora Wealth Management Ltd.’s holdings in Amentum were worth $47,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Arrow Financial Corp bought a new position in shares of Amentum during the 3rd quarter valued at approximately $26,000. US Bancorp DE bought a new position in shares of Amentum during the 3rd quarter valued at approximately $30,000. Anchor Investment Management LLC bought a new position in shares of Amentum during the 3rd quarter valued at approximately $32,000. Signaturefd LLC bought a new position in shares of Amentum during the 3rd quarter valued at approximately $33,000. Finally, Glen Eagle Advisors LLC bought a new position in shares of Amentum during the 3rd quarter valued at approximately $35,000. 39.93% of the stock is owned by institutional investors.

Amentum Trading Up 0.5 %

NYSE AMTM opened at $22.80 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 quick ratio of 1.57 and a current ratio of 1.57. The business has a 50 day moving average price of $22.04.

Amentum (NYSE:AMTM) last posted its 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. As a group, research analysts predict that Amentum Holdings, Inc. will post 2.1 EPS for the current year.

Analysts Set New Price Targets

AMTM has been the subject of a number of research reports. Royal Bank of Canada reissued a “sector perform” rating and set a $24.00 target price on shares of Amentum in a research report on Thursday. Truist Financial assumed coverage on shares of Amentum in a report on Monday, October 14th. They issued a “buy” rating and a $31.00 price objective for the company. Finally, 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 objective for the company.

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.