Victory Capital Management Inc. Purchases Shares of 212,150 Amentum Holdings, Inc. (NYSE:AMTM)

Victory Capital Management Inc. purchased a new position in Amentum Holdings, Inc. (NYSE:AMTM) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 212,150 shares of the company’s stock, valued at approximately $6,842,000. Victory Capital Management Inc. owned approximately 0.09% of Amentum at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in AMTM. Allspring Global Investments Holdings LLC purchased a new position in shares of Amentum in the 3rd quarter worth $78,399,000. Mesirow Financial Investment Management Inc. bought a new position in Amentum in the 3rd quarter valued at $5,998,000. Principal Financial Group Inc. purchased a new stake in Amentum in the third quarter worth $4,695,000. Washington Trust Advisors Inc. bought a new stake in shares of Amentum during the third quarter worth $4,134,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Amentum during the third quarter valued at $3,905,000.

Amentum Trading Up 11.1 %

Shares of NYSE:AMTM opened at $24.89 on Friday. Amentum Holdings, Inc. has a 52-week low of $21.24 and a 52-week high of $34.50.

Analysts Set New Price Targets

Several brokerages have issued reports on AMTM. Raymond James assumed coverage on Amentum in a research report on Thursday. They set an “outperform” rating and a $30.00 target price on the stock. Truist Financial started coverage on shares of Amentum in a report on Monday, October 14th. They issued a “buy” rating and a $31.00 target price for the company.

Amentum Company 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.