Amalgamated Bank Makes New $824,000 Investment in Amentum Holdings, Inc. (NYSE:AMTM)

Amalgamated Bank acquired a new stake in Amentum Holdings, Inc. (NYSE:AMTM - Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 25,557 shares of the company's stock, valued at approximately $824,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Dover Advisors LLC acquired a new position in shares of Amentum during the 3rd quarter worth $219,000. McKinley Carter Wealth Services Inc. purchased a new position in Amentum during the 3rd quarter valued at about $1,764,000. Heritage Family Offices LLP acquired a new position in Amentum during the third quarter worth about $308,000. ZWJ Investment Counsel Inc. purchased a new stake in shares of Amentum in the third quarter valued at about $2,256,000. Finally, Compass Wealth Management LLC acquired a new stake in shares of Amentum in the third quarter valued at approximately $804,000.

Amentum Stock Performance

Shares of AMTM stock traded down $1.21 on Friday, reaching $25.20. 2,632,107 shares of the stock were exchanged, compared to its average volume of 2,756,542. Amentum Holdings, Inc. has a 1-year low of $23.58 and a 1-year high of $34.50.

Analysts Set New Price Targets

Separately, Truist Financial assumed coverage on Amentum in a research report on Monday, October 14th. They set a "buy" rating and a $31.00 price objective for the company.

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.