Nisa Investment Advisors LLC Buys New Shares in Amentum Holdings, Inc. (NYSE:AMTM)

Nisa Investment Advisors LLC purchased a new position in Amentum Holdings, Inc. (NYSE:AMTM - Free Report) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 35,787 shares of the company's stock, valued at approximately $1,154,000.

Several other hedge funds and other institutional investors have also bought and sold shares of AMTM. Signaturefd LLC purchased a new stake in Amentum in the 3rd quarter worth approximately $33,000. Allworth Financial LP bought a new stake in Amentum in the third quarter worth $140,000. SRN Advisors LLC bought a new stake in shares of Amentum during the third quarter worth $208,000. Dover Advisors LLC bought a new stake in shares of Amentum during the third quarter worth $219,000. Finally, Louisiana State Employees Retirement System bought a new stake in shares of Amentum in the third quarter valued at about $226,000.

Wall Street Analyst Weigh In

Separately, Truist Financial began coverage on Amentum in a report on Monday, October 14th. They set a "buy" rating and a $31.00 target price for the company.

Amentum Trading Down 3.8 %

Shares of AMTM traded down $1.16 during trading hours on Monday, hitting $29.63. 708,353 shares of the stock were exchanged, compared to its average volume of 3,133,569. Amentum Holdings, Inc. has a 12-month low of $23.58 and a 12-month high of $34.50.

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.