Mesirow Financial Investment Management Inc. Has $3.72 Million Holdings in Amentum Holdings, Inc. (NYSE:AMTM)

Mesirow Financial Investment Management Inc. decreased its stake in Amentum Holdings, Inc. (NYSE:AMTM) by 4.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 176,931 shares of the company’s stock after selling 9,059 shares during the period. Mesirow Financial Investment Management Inc. owned approximately 0.07% of Amentum worth $3,721,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Arrow Financial Corp acquired a new position in Amentum in the 3rd quarter valued at approximately $26,000. IFP Advisors Inc raised its stake in shares of Amentum by 119.2% in the fourth quarter. IFP Advisors Inc now owns 1,532 shares of the company’s stock valued at $35,000 after purchasing an additional 833 shares in the last quarter. US Bancorp DE bought a new position in Amentum in the third quarter worth $30,000. Anchor Investment Management LLC bought a new position in Amentum in the third quarter worth $32,000. Finally, Glen Eagle Advisors LLC acquired a new stake in Amentum during the third quarter worth $35,000. Institutional investors own 39.93% of the company’s stock.

Amentum Trading Up 8.5 %

Shares of Amentum stock opened at $19.90 on Friday. The stock’s 50-day moving average price is $21.17. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 1.02. Amentum Holdings, Inc. has a 12-month low of $17.82 and a 12-month high of $34.47.

Amentum (NYSE:AMTM) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.06. On average, analysts predict that Amentum Holdings, Inc. will post 2.1 EPS for the current year.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In other Amentum news, insider Steven J. Demetriou bought 100,000 shares of Amentum stock in a transaction dated Wednesday, February 12th. The shares were bought at an average price of $20.81 per share, with a total value of $2,081,000.00. Following the purchase, the insider now 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 transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Barbara Loughran bought 4,600 shares of the stock in a transaction on Tuesday, February 18th. The shares were acquired at an average cost of $21.23 per share, with a total value of $97,658.00. Following the acquisition, the director now directly owns 4,600 shares in the company, valued at approximately $97,658. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. 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.