Malaga Cove Capital LLC Takes $1.13 Million Position in Amentum Holdings, Inc. (NYSE:AMTM)

Malaga Cove Capital LLC bought a new stake in Amentum Holdings, Inc. (NYSE:AMTM - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 35,006 shares of the company's stock, valued at approximately $1,129,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. US Bancorp DE acquired a new position in Amentum in the 3rd quarter valued at approximately $30,000. Signaturefd LLC bought a new position in Amentum during the 3rd quarter worth approximately $33,000. HM Payson & Co. acquired a new position in shares of Amentum in the 3rd quarter worth approximately $38,000. Harbor Capital Advisors Inc. bought a new stake in shares of Amentum in the 3rd quarter valued at $43,000. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new stake in shares of Amentum during the third quarter worth $63,000.

Amentum Stock Up 2.7 %

NYSE AMTM traded up $0.85 during trading hours on Thursday, hitting $31.85. 1,338,806 shares of the company's stock were exchanged, compared to its average volume of 1,977,387. Amentum Holdings, Inc. has a 1-year low of $23.58 and a 1-year high of $34.50.

Analyst Upgrades and Downgrades

Separately, Truist Financial began coverage on shares of Amentum in a report on Monday, October 14th. They issued a "buy" rating and a $31.00 target price on the stock.

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.