270,969 Shares in Amentum Holdings, Inc. (NYSE:AMTM) Purchased by JPMorgan Chase & Co.

JPMorgan Chase & Co. purchased a new position in Amentum Holdings, Inc. (NYSE:AMTM) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 270,969 shares of the company’s stock, valued at approximately $8,739,000. JPMorgan Chase & Co. owned approximately 0.11% of Amentum as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of AMTM. Wilmington Savings Fund Society FSB acquired a new position in Amentum in the third quarter valued at approximately $790,000. Wharton Business Group LLC acquired a new position in Amentum in the third quarter valued at approximately $2,106,000. Peak Asset Management LLC acquired a new position in Amentum in the third quarter valued at approximately $774,000. Tower Bridge Advisors acquired a new position in Amentum in the third quarter valued at approximately $4,053,000. Finally, Oppenheimer Asset Management Inc. acquired a new position in shares of Amentum during the third quarter worth approximately $1,062,000. 39.93% of the stock is currently owned by institutional investors and hedge funds.

Amentum Trading Up 1.6 %

Shares of NYSE AMTM opened at $22.86 on Tuesday. Amentum Holdings, Inc. has a fifty-two week low of $18.38 and a fifty-two week high of $34.50. The company’s 50-day moving average is $23.97.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Raymond James assumed coverage on Amentum in a research report on Thursday, November 21st. They issued an “outperform” rating and a $30.00 target price on the stock. Royal Bank of Canada initiated coverage on shares of Amentum in a research note on Friday. They set a “sector perform” rating and a $24.00 price objective on the stock. Finally, Truist Financial initiated coverage on shares of Amentum in a research note on Monday, October 14th. They set a “buy” rating and a $31.00 price objective 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.