Simcoe Capital Management LLC purchased a new position in shares of Amentum Holdings, Inc. (NYSE:AMTM - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 1,153,105 shares of the company's stock, valued at approximately $37,188,000. Amentum makes up approximately 4.9% of Simcoe Capital Management LLC's portfolio, making the stock its 9th biggest position. Simcoe Capital Management LLC owned 0.46% of Amentum at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in the business. Dover Advisors LLC acquired a new stake in Amentum in the 3rd quarter worth about $219,000. McKinley Carter Wealth Services Inc. purchased a new stake in Amentum in the third quarter valued at approximately $1,764,000. Heritage Family Offices LLP acquired a new position in Amentum during the third quarter worth approximately $308,000. ZWJ Investment Counsel Inc. purchased a new position in Amentum during the third quarter worth approximately $2,256,000. Finally, Compass Wealth Management LLC acquired a new stake in shares of Amentum during the 3rd quarter worth $804,000.
Amentum Trading Down 2.3 %
Shares of NYSE:AMTM traded down $0.57 during mid-day trading on Monday, hitting $23.78. 624,496 shares of the company traded hands, compared to its average volume of 2,577,915. Amentum Holdings, Inc. has a 52-week low of $21.24 and a 52-week high of $34.50.
Analysts Set New Price Targets
A number of equities research analysts have issued reports on the company. Truist Financial assumed coverage on Amentum in a research report on Monday, October 14th. They set a "buy" rating and a $31.00 price target for the company. Raymond James assumed coverage on shares of Amentum in a research report on Thursday, November 21st. They set an "outperform" rating and a $30.00 price target on the stock.
View Our Latest Stock Analysis on AMTM
Amentum Profile
(
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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