HighTower Advisors LLC Takes $1.48 Million Position in Amentum Holdings, Inc. (NYSE:AMTM)

HighTower Advisors LLC acquired a new position in Amentum Holdings, Inc. (NYSE:AMTM - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 45,903 shares of the company's stock, valued at approximately $1,481,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of AMTM. Arrow Financial Corp acquired a new position in Amentum during the 3rd quarter valued at approximately $26,000. US Bancorp DE purchased a new position in shares of Amentum in the third quarter worth about $30,000. Signaturefd LLC purchased a new position in shares of Amentum in the third quarter worth about $33,000. HM Payson & Co. acquired a new stake in shares of Amentum during the third quarter worth about $38,000. Finally, Studio Investment Management LLC purchased a new position in Amentum during the 3rd quarter worth approximately $42,000. Hedge funds and other institutional investors own 39.93% of the company's stock.

Amentum Stock Up 3.3 %

Shares of NYSE:AMTM traded up $0.76 during trading on Monday, reaching $23.81. 3,776,938 shares of the company's stock traded hands, compared to its average volume of 2,486,682. Amentum Holdings, Inc. has a fifty-two week low of $21.24 and a fifty-two week high of $34.50. The stock has a 50-day simple moving average of $26.99.

Analyst Upgrades and Downgrades

AMTM has been the topic of several recent research reports. Raymond James began coverage on shares of Amentum in a report on Thursday, November 21st. They issued an "outperform" rating and a $30.00 price target on the stock. Truist Financial started coverage on Amentum in a report on Monday, October 14th. They issued a "buy" rating and a $31.00 price target for the company.

About Amentum

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.