Orion Portfolio Solutions LLC Takes Position in Amentum Holdings, Inc. (NYSE:AMTM)

Orion Portfolio Solutions LLC bought a new position in shares of Amentum Holdings, Inc. (NYSE:AMTM) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 10,922 shares of the company’s stock, valued at approximately $352,000.

Several other hedge funds and other institutional investors have also bought and sold shares of AMTM. XTX Topco Ltd acquired a new stake in Amentum during the 3rd quarter worth about $238,000. Glen Eagle Advisors LLC acquired a new position in shares of Amentum in the 3rd quarter valued at about $35,000. Jane Street Group LLC bought a new stake in shares of Amentum during the 3rd quarter valued at about $1,843,000. Kovitz Investment Group Partners LLC acquired a new stake in Amentum during the third quarter worth approximately $4,304,000. Finally, Wellington Management Group LLP bought a new stake in Amentum in the third quarter worth approximately $30,156,000. Institutional investors and hedge funds own 39.93% of the company’s stock.

Amentum Price Performance

Shares of Amentum stock opened at $20.33 on Thursday. The company has a 50-day moving average price of $26.87. Amentum Holdings, Inc. has a one year low of $20.09 and a one year high of $34.50.

Analysts Set New Price Targets

A number of equities analysts have issued reports on AMTM shares. Raymond James initiated coverage on Amentum in a report on Thursday, November 21st. They set an “outperform” rating and a $30.00 price target on the stock. Truist Financial started 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.

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.