Marco Investment Management LLC bought a new stake in shares of Amentum Holdings, Inc. (NYSE:AMTM - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 38,285 shares of the company's stock, valued at approximately $1,235,000.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Primecap Management Co. CA purchased a new position in Amentum during the third quarter valued at approximately $169,999,000. Allspring Global Investments Holdings LLC bought a new position in Amentum in the 3rd quarter valued at $78,399,000. Massachusetts Financial Services Co. MA purchased a new position in shares of Amentum during the 3rd quarter valued at $39,613,000. Charles Schwab Investment Management Inc. purchased a new stake in shares of Amentum in the third quarter worth $24,527,000. Finally, Thrivent Financial for Lutherans bought a new stake in Amentum during the third quarter valued at $17,268,000.
Amentum Stock Down 1.3 %
Shares of NYSE AMTM traded down $0.33 during mid-day trading on Friday, reaching $24.43. 1,467,043 shares of the company were exchanged, compared to its average volume of 1,708,794. Amentum Holdings, Inc. has a 52 week low of $21.24 and a 52 week high of $34.50.
Analysts Set New Price Targets
A number of brokerages have weighed in on AMTM. Truist Financial initiated coverage on Amentum in a research note on Monday, October 14th. They issued a "buy" rating and a $31.00 target price on the stock. Raymond James started coverage on shares of Amentum in a research report on Thursday. They issued an "outperform" rating and a $30.00 price objective on the stock.
Read Our Latest Stock Analysis on AMTM
Amentum Profile
(
Free Report)
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.
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