Moore Capital Management LP Cuts Holdings in Amentum Holdings, Inc. $AMTM

Moore Capital Management LP decreased its holdings in Amentum Holdings, Inc. (NYSE:AMTM) by 58.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 365,096 shares of the company’s stock after selling 508,514 shares during the period. Moore Capital Management LP’s holdings in Amentum were worth $7,547,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of AMTM. IFM Investors Pty Ltd purchased a new position in shares of Amentum in the first quarter worth $411,000. Cetera Investment Advisers purchased a new stake in shares of Amentum during the second quarter valued at $335,000. JPMorgan Chase & Co. increased its holdings in Amentum by 4.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 91,322 shares of the company’s stock worth $2,156,000 after buying an additional 3,608 shares in the last quarter. M&T Bank Corp bought a new stake in Amentum in the 2nd quarter worth about $241,000. Finally, Gabelli Funds LLC purchased a new position in Amentum in the 2nd quarter worth about $592,000. Hedge funds and other institutional investors own 39.93% of the company’s stock.

Analyst Ratings Changes

AMTM has been the topic of several research analyst reports. Zacks Research cut shares of Amentum from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 19th. BNP Paribas Exane assumed coverage on shares of Amentum in a research note on Tuesday, May 26th. They issued an “underperform” rating and a $22.00 price target for the company. Royal Bank Of Canada decreased their price objective on shares of Amentum from $28.00 to $26.00 and set a “sector perform” rating for the company in a report on Wednesday, August 12th. Weiss Ratings cut shares of Amentum from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, June 23rd. Finally, UBS Group increased their price objective on shares of Amentum from $23.00 to $24.00 and gave the company a “neutral” rating in a research report on Wednesday, August 12th. Five research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Amentum currently has a consensus rating of “Hold” and an average target price of $29.18.

Amentum Stock Performance

Shares of AMTM opened at $20.33 on Monday. The firm has a market capitalization of $4.97 billion, a P/E ratio of 24.49, a PEG ratio of 0.59 and a beta of 0.30. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.52 and a quick ratio of 1.52. Amentum Holdings, Inc. has a one year low of $19.80 and a one year high of $38.11. The business has a fifty day moving average of $21.49 and a 200 day moving average of $24.61.

Amentum (NYSE:AMTM) last released its quarterly earnings results on Monday, August 10th. The company reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.06. Amentum had a return on equity of 12.19% and a net margin of 1.44%.The business had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.57 billion. During the same period in the previous year, the company posted $0.56 EPS. The business’s quarterly revenue was down 2.0% compared to the same quarter last year. Amentum has set its FY 2026 guidance at 2.400-2.500 EPS. As a group, sell-side analysts anticipate that Amentum Holdings, Inc. will post 2.38 EPS for the current year.

About Amentum

Amentum is a government services provider specializing in mission-critical solutions for defense, federal civilian and commercial customers around the globe. The company delivers integrated services that span the full lifecycle of complex programs and facilities, including engineering, program and project management, logistics, operations, maintenance and environmental remediation.

Core offerings include infrastructure support, energy and facilities management, environmental solutions and nuclear services.