Advisors Management Group Inc. ADV Makes New $227,000 Investment in Amentum Holdings, Inc. (NYSE:AMTM)

Advisors Management Group Inc. ADV 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 (SEC). The fund bought 7,052 shares of the company’s stock, valued at approximately $227,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC acquired a new position in shares of Amentum in the third quarter valued at approximately $78,399,000. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Amentum in the third quarter valued at approximately $3,905,000. New York State Teachers Retirement System acquired a new position in shares of Amentum in the third quarter valued at approximately $3,745,000. F M Investments LLC acquired a new position in shares of Amentum in the third quarter valued at approximately $3,543,000. Finally, Eastern Bank acquired a new position in shares of Amentum in the third quarter valued at approximately $3,325,000.

Amentum Stock Performance

Shares of AMTM stock opened at $30.99 on Thursday. Amentum Holdings, Inc. has a one year low of $23.58 and a one year high of $34.50.

Analysts Set New Price Targets

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