Quantinno Capital Management LP Purchases Shares of 27,293 Amentum Holdings, Inc. (NYSE:AMTM)

Quantinno Capital Management LP acquired a new stake in Amentum Holdings, Inc. (NYSE:AMTM - Free Report) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 27,293 shares of the company's stock, valued at approximately $880,000.

Several other large investors have also bought and sold shares of the stock. Arrow Financial Corp bought a new stake in shares of Amentum in the 3rd quarter valued at about $26,000. US Bancorp DE acquired a new position in shares of Amentum in the third quarter worth approximately $30,000. Signaturefd LLC bought a new stake in Amentum in the third quarter valued at approximately $33,000. HM Payson & Co. acquired a new stake in Amentum during the 3rd quarter valued at approximately $38,000. Finally, Studio Investment Management LLC bought a new position in Amentum during the 3rd quarter worth approximately $42,000. 39.93% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on AMTM shares. Truist Financial initiated coverage on shares of Amentum in a research note on Monday, October 14th. They issued a "buy" rating and a $31.00 price objective on the stock. Raymond James began coverage on shares of Amentum in a report on Thursday, November 21st. They issued an "outperform" rating and a $30.00 target price on the stock.

Amentum Price Performance

Shares of Amentum stock traded down $0.56 on Friday, hitting $23.05. 1,598,968 shares of the company's stock traded hands, compared to its average volume of 2,464,782. The firm's fifty day moving average price is $27.07. Amentum Holdings, Inc. has a one year low of $21.24 and a one year high of $34.50.

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.