Citigroup Inc. Takes $3.70 Million Position in Amentum Holdings, Inc. (NYSE:AMTM)

Citigroup Inc. purchased a new stake in shares of Amentum Holdings, Inc. (NYSE:AMTM) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 114,850 shares of the company’s stock, valued at approximately $3,704,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Wharton Business Group LLC purchased a new position in shares of Amentum during the 3rd quarter valued at $2,106,000. Peak Asset Management LLC bought a new stake in Amentum in the third quarter worth $774,000. Tower Bridge Advisors bought a new stake in Amentum in the third quarter worth $4,053,000. Oppenheimer Asset Management Inc. bought a new stake in Amentum in the third quarter worth $1,062,000. Finally, Janney Montgomery Scott LLC bought a new stake in Amentum in the third quarter worth $2,178,000.

Amentum Stock Down 1.4 %

AMTM stock opened at $23.92 on Thursday. Amentum Holdings, Inc. has a 52-week low of $21.24 and a 52-week high of $34.50.

Wall Street Analysts Forecast Growth

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