North Growth Management Ltd. Buys New Stake in Amentum Holdings, Inc. (NYSE:AMTM)

North Growth Management Ltd. acquired a new position in Amentum Holdings, Inc. (NYSE:AMTM - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 93,000 shares of the company's stock, valued at approximately $2,997,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in AMTM. Paragon Capital Management LLC purchased a new position in Amentum during the 3rd quarter valued at about $1,701,000. Intrinsic Value Partners LLC acquired a new stake in shares of Amentum during the 3rd quarter worth about $547,000. State of New Jersey Common Pension Fund D acquired a new position in Amentum during the third quarter worth approximately $1,398,000. Arrow Financial Corp acquired a new position in Amentum during the third quarter worth approximately $26,000. Finally, Mesirow Financial Investment Management Inc. acquired a new position in shares of Amentum in the third quarter valued at approximately $5,998,000.

Amentum Price Performance

Shares of NYSE AMTM traded down $1.21 during trading on Tuesday, reaching $31.07. The company had a trading volume of 494,378 shares, compared to its average volume of 2,775,968. Amentum Holdings, Inc. has a twelve month low of $23.58 and a twelve month high of $34.50.

Analysts Set New Price Targets

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