Peak Asset Management LLC Invests $774,000 in Amentum Holdings, Inc. (NYSE:AMTM)

Peak Asset Management LLC bought a new stake in shares of Amentum Holdings, Inc. (NYSE:AMTM) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 24,000 shares of the company’s stock, valued at approximately $774,000.

Several other large investors have also added to or reduced their stakes in the business. F M Investments LLC acquired a new stake in shares of Amentum in the 3rd quarter valued at about $3,543,000. Mesirow Financial Investment Management Inc. acquired a new stake in Amentum in the third quarter valued at approximately $5,998,000. Paragon Capital Management LLC acquired a new stake in Amentum in the third quarter valued at approximately $1,701,000. Janney Montgomery Scott LLC bought a new stake in shares of Amentum during the third quarter valued at approximately $2,178,000. Finally, Crestwood Advisors Group LLC bought a new position in shares of Amentum in the 3rd quarter worth $2,582,000.

Amentum Stock Down 5.2 %

AMTM stock opened at $29.62 on Thursday. Amentum Holdings, Inc. has a twelve month low of $23.58 and a twelve month high of $34.50.

Wall Street Analyst Weigh In

Separately, Truist Financial started coverage on shares of Amentum in a research report on Monday, October 14th. They set a “buy” rating and a $31.00 target price for the company.

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.