Anchor Investment Management LLC Takes $32,000 Position in Amentum Holdings, Inc. (NYSE:AMTM)

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

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AMTM. TCW Group Inc. acquired a new position in Amentum during the third quarter worth $502,000. TD Private Client Wealth LLC bought a new stake in shares of Amentum during the 3rd quarter worth about $180,000. Teachers Retirement System of The State of Kentucky acquired a new position in shares of Amentum during the 3rd quarter valued at about $6,840,000. Toronto Dominion Bank bought a new position in shares of Amentum in the 3rd quarter valued at approximately $1,513,000. Finally, FRG Family Wealth Advisors LLC acquired a new stake in Amentum in the 3rd quarter worth approximately $300,000. Institutional investors own 39.93% of the company’s stock.

Amentum Stock Down 2.4 %

Shares of NYSE:AMTM opened at $23.05 on Friday. The firm’s 50 day simple moving average is $27.07. Amentum Holdings, Inc. has a twelve month low of $21.24 and a twelve month high of $34.50.

Analyst Ratings Changes

Several brokerages have commented on AMTM. Truist Financial began coverage on Amentum in a report on Monday, October 14th. They set a “buy” rating and a $31.00 price target on the stock. Raymond James started coverage on shares of Amentum in a report on Thursday, November 21st. They issued an “outperform” rating and a $30.00 target price on the stock.

About Amentum

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.