Simcoe Capital Management LLC Purchases Shares of 1,153,105 Amentum Holdings, Inc. (NYSE:AMTM)

Simcoe Capital Management LLC purchased a new position in shares of Amentum Holdings, Inc. (NYSE:AMTM) in the 3rd quarter, HoldingsChannel.com reports. The fund purchased 1,153,105 shares of the company’s stock, valued at approximately $37,188,000. Amentum accounts for about 4.9% of Simcoe Capital Management LLC’s investment portfolio, making the stock its 9th largest position.

Several other hedge funds have also recently modified their holdings of the stock. Wharton Business Group LLC purchased a new position in shares of Amentum during the 3rd quarter worth approximately $2,106,000. Peak Asset Management LLC acquired a new position in shares of Amentum during the third quarter worth about $774,000. Tower Bridge Advisors acquired a new position in Amentum during the third quarter worth about $4,053,000. Oppenheimer Asset Management Inc. acquired a new position in Amentum during the third quarter worth about $1,062,000. Finally, Janney Montgomery Scott LLC purchased a new stake in shares of Amentum in the third quarter valued at about $2,178,000.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on AMTM. Truist Financial started coverage on shares of Amentum in a research report on Monday, October 14th. They issued a “buy” rating and a $31.00 price objective for the company. 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.

Amentum Trading Up 1.9 %

Shares of NYSE:AMTM opened at $24.35 on Monday. Amentum Holdings, Inc. has a 52 week low of $21.24 and a 52 week high of $34.50.

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.