State of Alaska Department of Revenue Acquires Shares of 21,767 Amentum Holdings, Inc. (NYSE:AMTM)

State of Alaska Department of Revenue purchased a new stake in Amentum Holdings, Inc. (NYSE:AMTM - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 21,767 shares of the company's stock, valued at approximately $701,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Modera Wealth Management LLC bought a new position in shares of Amentum during the 3rd quarter worth $1,308,000. Wealth Enhancement Advisory Services LLC bought a new position in shares of Amentum during the 3rd quarter worth $3,905,000. Louisiana State Employees Retirement System bought a new position in shares of Amentum during the 3rd quarter worth $226,000. Allworth Financial LP bought a new position in shares of Amentum during the 3rd quarter worth $140,000. Finally, BayBridge Capital Group LLC bought a new position in Amentum in the 3rd quarter worth about $241,000.

Analyst Upgrades and Downgrades

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

Amentum Price Performance

Shares of NYSE AMTM traded up $0.85 during trading hours on Thursday, reaching $31.85. 1,338,806 shares of the stock traded hands, compared to its average volume of 2,945,426. Amentum Holdings, Inc. has a 52-week low of $23.58 and a 52-week high of $34.50.

Amentum Company 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.