Amentum Sees Unusually High Options Volume (NYSE:AMTM)

Amentum Holdings, Inc. (NYSE:AMTM) was the target of unusually large options trading activity on Monday. Traders acquired 20,906 call options on the company. This is an increase of 429% compared to the typical daily volume of 3,952 call options.

Amentum Price Performance

NYSE:AMTM traded down $0.79 on Monday, reaching $18.86. The stock had a trading volume of 618,867 shares, compared to its average volume of 2,161,231. Amentum has a 12-month low of $18.38 and a 12-month high of $34.50. 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 stock’s fifty day simple moving average is $21.28.

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 the consensus estimate of $0.45 by $0.06. Research analysts expect that Amentum will post 2.1 EPS for the current year.

Insider Transactions at Amentum

In other news, Director Barbara Loughran purchased 4,600 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were acquired at an average price of $21.23 per share, for a total transaction of $97,658.00. Following the acquisition, the director now directly owns 4,600 shares in the company, valued at approximately $97,658. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Steven J. Demetriou acquired 100,000 shares of Amentum stock in a transaction that occurred on Wednesday, February 12th. The shares were purchased at an average cost of $20.81 per share, with a total value of $2,081,000.00. Following the completion of the acquisition, the insider now owns 620,893 shares of the company’s stock, valued at $12,920,783.33. The trade was a 19.20 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 18.67% of the company’s stock.

Institutional Investors Weigh In On Amentum

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Wilmington Savings Fund Society FSB acquired a new stake in Amentum in the 3rd quarter worth about $790,000. Wharton Business Group LLC purchased a new position in shares of Amentum during the 3rd quarter worth about $2,106,000. JPMorgan Chase & Co. acquired a new stake in shares of Amentum in the third quarter worth approximately $8,739,000. Peak Asset Management LLC purchased a new stake in Amentum in the third quarter valued at approximately $774,000. Finally, Foundations Investment Advisors LLC acquired a new position in Amentum during the fourth quarter worth approximately $409,000. Hedge funds and other institutional investors own 39.93% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Raymond James began coverage on shares of Amentum in a research note on Thursday, November 21st. They issued an “outperform” rating and a $30.00 price objective on the stock. Royal Bank of Canada reissued a “sector perform” rating and set a $24.00 price objective on shares of Amentum in a research note on Thursday, February 6th. Finally, Cantor Fitzgerald raised Amentum to a “hold” rating in a research note on Tuesday, February 25th.

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.