Bancreek Capital Management LP Makes New Investment in Amentum Holdings, Inc. (NYSE:AMTM)

Bancreek Capital Management LP purchased a new stake in Amentum Holdings, Inc. (NYSE:AMTM - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 55,288 shares of the company's stock, valued at approximately $1,783,000. Amentum makes up about 1.1% of Bancreek Capital Management LP's investment portfolio, making the stock its 17th largest holding.

Several other large investors have also modified their holdings of the business. Allspring Global Investments Holdings LLC purchased a new stake in Amentum during the 3rd quarter worth about $78,399,000. Victory Capital Management Inc. purchased a new stake in shares of Amentum during the third quarter worth about $6,842,000. Mesirow Financial Investment Management Inc. acquired a new position in shares of Amentum in the third quarter valued at approximately $5,998,000. Principal Financial Group Inc. purchased a new position in shares of Amentum during the third quarter valued at approximately $4,695,000. Finally, Washington Trust Advisors Inc. purchased a new stake in Amentum in the 3rd quarter worth approximately $4,134,000.

Wall Street Analyst Weigh In

Separately, Truist Financial assumed coverage on Amentum in a research note on Monday, October 14th. They set a "buy" rating and a $31.00 price target on the stock.

Amentum Stock Down 5.4 %

Shares of NYSE AMTM traded down $1.69 on Wednesday, reaching $29.55. 868,552 shares of the company traded hands, compared to its average volume of 2,742,112. Amentum Holdings, Inc. has a fifty-two week low of $23.58 and a fifty-two week high of $34.50.

Amentum 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.