Geode Capital Management LLC 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 3,145,264 shares of the company's stock, valued at approximately $101,022,000. Geode Capital Management LLC owned 1.26% of Amentum as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of the company. Arrow Financial Corp acquired a new stake in Amentum during the 3rd quarter valued at $26,000. US Bancorp DE purchased a new stake in Amentum in the 3rd quarter valued at about $30,000. Signaturefd LLC acquired a new position in shares of Amentum during the 3rd quarter valued at about $33,000. Glen Eagle Advisors LLC purchased a new position in shares of Amentum during the 3rd quarter worth about $35,000. Finally, HM Payson & Co. acquired a new stake in shares of Amentum in the third quarter worth approximately $38,000. Hedge funds and other institutional investors own 39.93% of the company's stock.
Amentum Price Performance
Shares of NYSE AMTM traded down $1.40 during midday trading on Thursday, hitting $18.93. The stock had a trading volume of 4,027,151 shares, compared to its average volume of 2,598,824. Amentum Holdings, Inc. has a 1-year low of $18.89 and a 1-year high of $34.50. The business has a fifty day moving average of $26.73.
Wall Street Analyst Weigh In
Several equities analysts recently commented on AMTM shares. Truist Financial assumed coverage on shares of Amentum in a research report on Monday, October 14th. They set a "buy" rating and a $31.00 price target for the company. Raymond James started coverage on shares of Amentum in a research note on Thursday, November 21st. They set an "outperform" rating and a $30.00 price objective for the company.
Check Out Our Latest Analysis on AMTM
Amentum Company Profile
(
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.
Featured Articles
Before you consider Amentum, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Amentum wasn't on the list.
While Amentum currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Click the link below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
