Geode Capital Management LLC bought a new stake in Amentum Holdings, Inc. (NYSE:AMTM – Free Report) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 3,145,264 shares of the company’s stock, valued at approximately $101,022,000.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Arrow Financial Corp acquired a new stake in shares of Amentum in the 3rd quarter worth approximately $26,000. US Bancorp DE purchased a new stake in Amentum during the third quarter worth $30,000. Signaturefd LLC acquired a new stake in Amentum in the third quarter valued at $33,000. Glen Eagle Advisors LLC purchased a new position in shares of Amentum in the third quarter valued at $35,000. Finally, HM Payson & Co. purchased a new position in shares of Amentum in the third quarter valued at $38,000. 39.93% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
AMTM has been the topic of several recent research reports. Raymond James began coverage on shares of Amentum in a research report on Thursday, November 21st. They issued an “outperform” rating and a $30.00 price objective on the stock. Truist Financial initiated coverage on shares of Amentum in a research report on Monday, October 14th. They issued a “buy” rating and a $31.00 price target on the stock.
Amentum Stock Down 5.5 %
NYSE AMTM opened at $20.33 on Thursday. Amentum Holdings, Inc. has a fifty-two week low of $20.09 and a fifty-two week high of $34.50. The business has a fifty day moving average of $26.87.
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.
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