Wellington Management Group LLP Makes New Investment in Amentum Holdings, Inc. (NYSE:AMTM)

Wellington Management Group LLP purchased a new stake in shares of Amentum Holdings, Inc. (NYSE:AMTM - Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 935,078 shares of the company's stock, valued at approximately $30,156,000. Wellington Management Group LLP owned 0.38% of Amentum as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Arrow Financial Corp purchased a new position in shares of Amentum during the third quarter valued at $26,000. US Bancorp DE purchased a new position in shares of Amentum during the third quarter valued at $30,000. Signaturefd LLC purchased a new position in shares of Amentum during the third quarter valued at $33,000. HM Payson & Co. purchased a new position in shares of Amentum during the third quarter valued at $38,000. Finally, Studio Investment Management LLC purchased a new position in shares of Amentum during the third quarter valued at $42,000. 39.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on AMTM. Raymond James began coverage on Amentum in a report on Thursday, November 21st. They set an "outperform" rating and a $30.00 price target on the stock. Truist Financial began coverage on Amentum in a research report on Monday, October 14th. They set a "buy" rating and a $31.00 price objective for the company.

Amentum Trading Down 2.7 %

AMTM traded down $0.63 during trading on Friday, reaching $22.98. 669,887 shares of the stock traded hands, compared to its average volume of 2,448,106. Amentum Holdings, Inc. has a fifty-two week low of $21.24 and a fifty-two week high of $34.50. The firm's 50-day moving average price is $27.16.

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.