Sessa Capital IM L.P. Acquires Shares of 354,699 Amentum Holdings, Inc. (NYSE:AMTM)

Sessa Capital IM L.P. bought a new position in shares of Amentum Holdings, Inc. (NYSE:AMTM) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 354,699 shares of the company’s stock, valued at approximately $11,439,000. Amentum comprises approximately 0.4% of Sessa Capital IM L.P.’s holdings, making the stock its 23rd biggest holding. Sessa Capital IM L.P. owned about 0.14% of Amentum as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Lathrop Investment Management Corp acquired a new stake in Amentum during the 3rd quarter worth approximately $4,101,000. Charles Schwab Investment Management Inc. acquired a new stake in shares of Amentum during the third quarter worth $24,527,000. Massachusetts Financial Services Co. MA acquired a new stake in shares of Amentum during the third quarter worth $39,613,000. Thompson Siegel & Walmsley LLC bought a new stake in shares of Amentum in the third quarter valued at about $11,037,000. Finally, Primecap Management Co. CA acquired a new position in shares of Amentum in the third quarter valued at about $169,999,000.

Amentum Stock Up 11.1 %

Shares of NYSE AMTM opened at $24.89 on Friday. Amentum Holdings, Inc. has a 52 week low of $21.24 and a 52 week high of $34.50.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on AMTM. Truist Financial assumed coverage on shares of Amentum in a report on Monday, October 14th. They issued a “buy” rating and a $31.00 price objective for the company. Raymond James started coverage on Amentum in a research note on Thursday. They issued an “outperform” rating and a $30.00 price target for the company.

About Amentum

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.