Stifel Financial Corp Takes $2.11 Million Position in Amentum Holdings, Inc. (NYSE:AMTM)

Stifel Financial Corp purchased a new position in Amentum Holdings, Inc. (NYSE:AMTM - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 65,318 shares of the company's stock, valued at approximately $2,107,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of AMTM. Primecap Management Co. CA purchased a new stake in shares of Amentum in the third quarter valued at $169,999,000. Ruane Cunniff & Goldfarb L.P. purchased a new stake in Amentum in the 3rd quarter worth about $81,608,000. Allspring Global Investments Holdings LLC acquired a new stake in Amentum during the 3rd quarter worth about $78,399,000. Massachusetts Financial Services Co. MA purchased a new position in Amentum during the 3rd quarter valued at about $39,613,000. Finally, Simcoe Capital Management LLC purchased a new position in Amentum during the 3rd quarter valued at about $37,188,000. Institutional investors and hedge funds own 39.93% of the company's stock.

Amentum Price Performance

Shares of NYSE:AMTM traded up $0.24 on Friday, reaching $19.17. The company had a trading volume of 37,621,938 shares, compared to its average volume of 3,163,715. The company has a 50-day moving average of $26.57. Amentum Holdings, Inc. has a twelve month low of $18.38 and a twelve month high of $34.50.

Analysts Set New Price Targets

Several research firms have recently commented on AMTM. Truist Financial began coverage on shares of Amentum in a report on Monday, October 14th. They set a "buy" rating and a $31.00 price target on the stock. Raymond James assumed coverage on shares of Amentum in a research report on Thursday, November 21st. They set an "outperform" rating and a $30.00 price objective on the stock.

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.