Pinnacle Bancorp Inc. Buys 1,947 Shares of Amentum Holdings, Inc. (NYSE:AMTM)

Pinnacle Bancorp Inc. boosted its position in shares of Amentum Holdings, Inc. (NYSE:AMTM) by 7,211.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,974 shares of the company’s stock after acquiring an additional 1,947 shares during the period. Pinnacle Bancorp Inc.’s holdings in Amentum were worth $42,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Arrow Financial Corp bought a new stake in shares of Amentum during the 3rd quarter valued at $26,000. US Bancorp DE purchased a new stake in Amentum in the 3rd quarter worth $30,000. Anchor Investment Management LLC bought a new stake in Amentum during the third quarter valued at about $32,000. Signaturefd LLC purchased a new position in shares of Amentum in the third quarter valued at about $33,000. Finally, Glen Eagle Advisors LLC purchased a new position in shares of Amentum in the third quarter valued at about $35,000. Hedge funds and other institutional investors own 39.93% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on AMTM. Royal Bank of Canada assumed coverage on Amentum in a research note on Friday, January 10th. They set a “sector perform” rating and a $24.00 target price on the stock. 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 price objective on the stock. Finally, Raymond James began coverage on shares of Amentum in a research report on Thursday, November 21st. They set an “outperform” rating and a $30.00 target price for the company.

Amentum Trading Down 1.6 %

NYSE:AMTM opened at $23.10 on Friday. The stock has a 50-day moving average price of $23.38. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 1.02. Amentum Holdings, Inc. has a 12 month low of $18.38 and a 12 month high of $34.50.

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.