Point72 Asset Management L.P. Invests $194,000 in Amentum Holdings, Inc. (NYSE:AMTM)

Point72 Asset Management L.P. acquired a new stake in Amentum Holdings, Inc. (NYSE:AMTM) during the third quarter, according to its most recent 13F filing with the SEC. The fund acquired 6,009 shares of the company’s stock, valued at approximately $194,000.

Several other institutional investors have also added to or reduced their stakes in the business. Wharton Business Group LLC bought a new stake in shares of Amentum in the third quarter valued at approximately $2,106,000. Peak Asset Management LLC purchased a new position in Amentum in the 3rd quarter valued at approximately $774,000. Tower Bridge Advisors bought a new stake in Amentum during the 3rd quarter valued at $4,053,000. Oppenheimer Asset Management Inc. purchased a new stake in shares of Amentum during the third quarter worth $1,062,000. Finally, Janney Montgomery Scott LLC bought a new position in shares of Amentum in the third quarter worth $2,178,000. 39.93% of the stock is owned by hedge funds and other institutional investors.

Amentum Stock Down 2.5 %

AMTM opened at $23.03 on Friday. Amentum Holdings, Inc. has a one year low of $21.24 and a one year high of $34.50. The firm’s fifty day moving average price is $27.07.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Truist Financial initiated coverage on Amentum in a research note on Monday, October 14th. They set a “buy” rating and a $31.00 price objective on the stock. Raymond James began coverage on Amentum in a research report on Thursday, November 21st. They set an “outperform” rating and a $30.00 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.