Investors Buy High Volume of Amentum Call Options (NYSE:AMTM)

Amentum Holdings, Inc. (NYSE:AMTM) was the recipient of some unusual options trading on Tuesday. Traders bought 11,482 call options on the company. This represents an increase of 227% compared to the typical daily volume of 3,516 call options.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Arrow Financial Corp purchased a new position in shares of Amentum in the 3rd quarter valued at about $26,000. US Bancorp DE acquired a new position in shares of Amentum during the 3rd quarter worth $30,000. Anchor Investment Management LLC acquired a new position in shares of Amentum in the third quarter worth $32,000. Signaturefd LLC purchased a new position in shares of Amentum during the third quarter valued at approximately $33,000. Finally, Glen Eagle Advisors LLC purchased a new position in shares of Amentum during the 3rd quarter worth about $35,000. Hedge funds and other institutional investors own 39.93% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Royal Bank of Canada began coverage on shares of Amentum in a report on Friday, January 10th. They issued a “sector perform” rating and a $24.00 price target for the company. Truist Financial began coverage on Amentum in a report on Monday, October 14th. They issued a “buy” rating and a $31.00 price target for the company. Finally, 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 target price on the stock.

Amentum Stock Down 1.3 %

NYSE AMTM traded down $0.30 on Thursday, reaching $23.16. The stock had a trading volume of 1,651,318 shares, compared to its average volume of 2,537,883. Amentum has a 12-month low of $18.38 and a 12-month high of $34.50. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 1.02. The company’s fifty day moving average price is $23.56.

Amentum Company 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.