Cacti Asset Management LLC Acquires Shares of 824,464 Amentum Holdings, Inc. (NYSE:AMTM)

Cacti Asset Management LLC purchased a new stake in Amentum Holdings, Inc. (NYSE:AMTM - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 824,464 shares of the company's stock, valued at approximately $18,386,000. Amentum accounts for approximately 1.4% of Cacti Asset Management LLC's portfolio, making the stock its 17th biggest holding. Cacti Asset Management LLC owned 0.34% of Amentum as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Arrow Financial Corp acquired a new position in shares of Amentum during the 3rd quarter worth approximately $26,000. US Bancorp DE acquired a new stake in shares of Amentum in the third quarter valued at $30,000. Anchor Investment Management LLC purchased a new stake in Amentum during the third quarter worth about $32,000. Signaturefd LLC purchased a new stake in Amentum during the 3rd quarter worth approximately $33,000. Finally, Glen Eagle Advisors LLC purchased a new position in Amentum in the 3rd quarter valued at approximately $35,000. Hedge funds and other institutional investors own 39.93% of the company's stock.

Analysts Set New Price Targets

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

Amentum Stock Up 3.0 %

NYSE AMTM traded up $0.63 on Thursday, hitting $21.66. 2,020,214 shares of the stock were exchanged, compared to its average volume of 3,124,606. Amentum Holdings, Inc. has a fifty-two week low of $18.38 and a fifty-two week high of $34.50. The firm has a 50-day simple moving average of $24.96.

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.