Amentum Holdings, Inc. (NYSE:AMTM - Get Free Report) hit a new 52-week low during trading on Wednesday . The company traded as low as $20.47 and last traded at $20.55, with a volume of 2048552 shares trading hands. The stock had previously closed at $21.51.
Analyst Ratings Changes
Several brokerages recently commented on AMTM. Truist Financial initiated coverage on Amentum in a research report on Monday, October 14th. They issued a "buy" rating and a $31.00 target price for the company. Raymond James initiated coverage on shares of Amentum in a research report on Thursday, November 21st. They set an "outperform" rating and a $30.00 target price on the stock.
Check Out Our Latest Research Report on AMTM
Amentum Stock Down 5.5 %
The stock's 50 day simple moving average is $26.87.
Hedge Funds Weigh In On Amentum
Several institutional investors have recently added to or reduced their stakes in AMTM. Wilmington Savings Fund Society FSB acquired a new position in shares of Amentum in the 3rd quarter worth approximately $790,000. Wharton Business Group LLC acquired a new position in Amentum in the third quarter worth $2,106,000. Peak Asset Management LLC bought a new stake in shares of Amentum during the third quarter worth $774,000. Tower Bridge Advisors acquired a new stake in shares of Amentum in the third quarter valued at $4,053,000. Finally, Oppenheimer Asset Management Inc. bought a new position in shares of Amentum in the third quarter valued at about $1,062,000. 39.93% of the stock is owned by institutional investors.
Amentum Company Profile
(
Get 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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