Anchor Investment Management LLC Buys New Shares in Amentum Holdings, Inc. (NYSE:AMTM)

Anchor Investment Management LLC purchased a new position in Amentum Holdings, Inc. (NYSE:AMTM) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 993 shares of the company’s stock, valued at approximately $32,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. State Street Corp purchased a new stake in shares of Amentum during the third quarter valued at $236,306,000. Primecap Management Co. CA acquired a new position in shares of Amentum in the third quarter worth about $169,999,000. Geode Capital Management LLC purchased a new position in shares of Amentum in the third quarter worth approximately $101,022,000. Ruane Cunniff & Goldfarb L.P. acquired a new stake in shares of Amentum during the third quarter valued at approximately $81,608,000. Finally, Allspring Global Investments Holdings LLC purchased a new stake in shares of Amentum in the 3rd quarter valued at approximately $78,399,000. Institutional investors and hedge funds own 39.93% of the company’s stock.

Amentum Trading Down 2.4 %

Shares of AMTM opened at $23.05 on Friday. Amentum Holdings, Inc. has a 52 week low of $21.24 and a 52 week high of $34.50. The company’s 50 day moving average is $27.07.

Analyst Upgrades and Downgrades

Several analysts have issued reports on AMTM shares. Truist Financial assumed coverage on shares of Amentum in a research note on Monday, October 14th. They set a “buy” rating and a $31.00 target price on the stock. Raymond James assumed coverage on Amentum in a research note on Thursday, November 21st. They issued an “outperform” rating and a $30.00 price objective 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.