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New York Metropolis-based Engine Capital Administration bought 635,255 shares of Amentum price about $15 million within the third quarter.
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The transfer marked an exit for Engine Capital, which reported holding no shares of Amentum as of September 30.
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The place was beforehand 3.2% of the fund’s reported property.
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These 10 shares might mint the following wave of millionaires ›
On November 14, New York Metropolis-based Engine Capital Administration disclosed that it bought out its total place in Amentum Holdings (NYSE:AMTM), a transfer representing an estimated $15 million change in worth.
In accordance with its SEC submitting dated November 14, Engine Capital Administration, LP reported an entire sale of its Amentum Holdings place throughout the third quarter. The fund eradicated 635,255 shares, an estimated $15 million transaction primarily based on quarterly common pricing.
Prime holdings after the submitting:
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NYSE: AVTR: $246.1 million (29.2% of AUM)
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NYSE: NATL: $94.7 million (11.2% of AUM)
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NASDAQ: LNW: $80.9 million (9.6% of AUM)
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NASDAQ: ACHC: $64.0 million (7.6% of AUM)
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NASDAQ: OFIX: $62.3 million (7.4% of AUM)
As of Friday, shares of Amentum Holdings had been priced at $28.88, up 26% over the previous yr and outperforming the S&P 500, which is up 13% in the identical interval.
|
Metric |
Worth |
|---|---|
|
Worth (as of market shut Friday) |
$28.88 |
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Market capitalization |
$7 billion |
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Income (TTM) |
$14.4 billion |
|
Web earnings (TTM) |
$66 million |
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Amentum Holdings gives mission-critical companies together with take a look at, coaching, and operations for missile protection, IT and engineering for protection and house, environmental remediation, and superior cyber and intelligence options.
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The corporate generates income by way of long-term authorities and industrial contracts, specializing in technology-driven consulting, methods integration, and technical companies.
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It serves U.S. authorities companies, protection and intelligence shoppers, and vitality sector organizations as major prospects.
Amentum Holdings is a number one supplier of technical and mission help companies to authorities and industrial shoppers, with a concentrate on aerospace, protection, and intelligence sectors. The corporate leverages its scale and experience in crucial mission options and superior cyber capabilities to deal with advanced nationwide safety and infrastructure wants. It combines its deep technical know-how with a strong contract portfolio, positioning itself as a key accomplice for shoppers requiring high-reliability, technology-driven options.
Amentum’s current rally underscores why understanding a full exit like this issues for long-term traders: When a fund divests following a stretch of strengthening fundamentals, it may sign a shift in portfolio technique moderately than a judgment on the enterprise itself. The corporate simply delivered a standout fourth quarter, posting $3.9 billion in income, $300 million in adjusted EBITDA, and $261 million in free money circulate, all whereas increasing backlog to an enormous $47.1 billion and decreasing its internet leverage.
For traders, Amentum’s multi-year contract visibility, robust money technology, and monetary yr 2026 steering calling for as much as $14.3 billion in income and as a lot as $575 million in free money circulate supply notable long-term enchantment. The enterprise is tied to mission-critical spending throughout protection, house, nuclear, and digital infrastructure—areas much less delicate to financial cycles. Whereas the inventory stays risky since its public-market debut final September, the underlying progress trajectory seems intact.
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