Amalgamated Bank Invests $824,000 in Amentum Holdings, Inc. (NYSE:AMTM)

Amalgamated Bank purchased a new stake in Amentum Holdings, Inc. (NYSE:AMTM) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 25,557 shares of the company’s stock, valued at approximately $824,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Greenwood Capital Associates LLC acquired a new position in shares of Amentum in the third quarter valued at approximately $560,000. QRG Capital Management Inc. acquired a new position in Amentum in the 3rd quarter valued at $1,347,000. Asset Management One Co. Ltd. purchased a new position in Amentum during the 3rd quarter worth $2,476,000. Intact Investment Management Inc. acquired a new stake in shares of Amentum in the 3rd quarter worth $141,000. Finally, Robeco Institutional Asset Management B.V. purchased a new stake in shares of Amentum in the third quarter valued at about $1,337,000.

Amentum Trading Down 10.9 %

NYSE:AMTM opened at $26.40 on Friday. Amentum Holdings, Inc. has a 1 year low of $23.58 and a 1 year high of $34.50.

Analyst Upgrades and Downgrades

Separately, Truist Financial assumed coverage on shares of Amentum in a research report on Monday, October 14th. They issued a “buy” rating and a $31.00 price objective for the company.

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.