Cim Investment Management Inc. Takes Position in Amentum Holdings, Inc. (NYSE:AMTM)

Cim Investment Management Inc. purchased a new stake in Amentum Holdings, Inc. (NYSE:AMTM) in the 3rd quarter, Holdings Channel reports. The firm purchased 6,362 shares of the company’s stock, valued at approximately $205,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Wilmington Savings Fund Society FSB purchased a new position in shares of Amentum in the 3rd quarter worth $790,000. Sfmg LLC purchased a new position in shares of Amentum in the 3rd quarter worth about $354,000. Pine Valley Investments Ltd Liability Co acquired a new position in shares of Amentum in the 3rd quarter valued at about $677,000. Anchor Investment Management LLC acquired a new stake in Amentum during the 3rd quarter worth approximately $32,000. Finally, TCW Group Inc. purchased a new position in Amentum in the third quarter valued at approximately $502,000. Hedge funds and other institutional investors own 39.93% of the company’s stock.

Amentum Trading Down 1.0 %

Shares of AMTM opened at $23.61 on Friday. The stock’s fifty day moving average price is $27.16. Amentum Holdings, Inc. has a 12-month low of $21.24 and a 12-month high of $34.50.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Raymond James started coverage on shares of Amentum in a research report on Thursday, November 21st. They issued an “outperform” rating and a $30.00 price objective for the company. 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 price target 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.