Ionic Capital Management LLC Acquires Shares of 16,622 Amentum Holdings, Inc. (NYSE:AMTM)

Ionic Capital Management LLC acquired a new stake in Amentum Holdings, Inc. (NYSE:AMTM) during the third quarter, Holdings Channel reports. The institutional investor acquired 16,622 shares of the company’s stock, valued at approximately $536,000.

A number of other institutional investors have also made changes to their positions in the business. Primecap Management Co. CA bought a new stake in Amentum during the third quarter valued at $169,999,000. Ruane Cunniff & Goldfarb L.P. bought a new position in shares of Amentum during the 3rd quarter valued at about $81,608,000. Allspring Global Investments Holdings LLC purchased a new position in shares of Amentum in the third quarter valued at about $78,399,000. Massachusetts Financial Services Co. MA bought a new position in shares of Amentum in the 3rd quarter worth approximately $39,613,000. Finally, Simcoe Capital Management LLC bought a new stake in Amentum during the 3rd quarter valued at about $37,188,000.

Amentum Stock Down 2.0 %

Shares of AMTM stock opened at $23.86 on Tuesday. Amentum Holdings, Inc. has a fifty-two week low of $21.24 and a fifty-two week high of $34.50.

Wall Street Analyst Weigh In

A number of research firms recently weighed in 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 target price for the company. Raymond James initiated coverage on shares of Amentum in a report on Thursday, November 21st. They issued an “outperform” rating and a $30.00 price target 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.