Royal London Asset Management Ltd. purchased a new stake in shares of Amentum Holdings, Inc. (NYSE:AMTM - Free Report) in the third quarter, according to the company in its most recent filing with the SEC. The fund purchased 55,672 shares of the company's stock, valued at approximately $1,795,000.
A number of other hedge funds have also added to or reduced their stakes in the stock. Arrow Financial Corp acquired a new position in Amentum during the 3rd quarter valued at about $26,000. US Bancorp DE acquired a new position in Amentum during the 3rd quarter valued at about $30,000. Signaturefd LLC purchased a new position in shares of Amentum in the 3rd quarter worth approximately $33,000. HM Payson & Co. purchased a new position in shares of Amentum in the 3rd quarter worth approximately $38,000. Finally, Studio Investment Management LLC purchased a new position in shares of Amentum in the 3rd quarter worth approximately $42,000. Institutional investors and hedge funds own 39.93% of the company's stock.
Amentum Stock Up 2.2 %
Shares of NYSE:AMTM traded up $0.51 during mid-day trading on Monday, reaching $23.68. The company had a trading volume of 1,792,231 shares, compared to its average volume of 2,474,051. Amentum Holdings, Inc. has a one year low of $21.24 and a one year high of $34.50.
Analyst Upgrades and Downgrades
A number of equities analysts have recently weighed in on the company. Raymond James assumed coverage on Amentum in a research note on Thursday, November 21st. They issued an "outperform" rating and a $30.00 target price on the stock. Truist Financial started coverage on Amentum in a research note on Monday, October 14th. They issued a "buy" rating and a $31.00 target price on the stock.
View Our Latest Stock Analysis on AMTM
About Amentum
(
Free Report)
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.
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