Cacti Asset Management LLC Purchases Shares of 824,464 Amentum Holdings, Inc. (NYSE:AMTM)

Cacti Asset Management LLC acquired a new position in Amentum Holdings, Inc. (NYSE:AMTM) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 824,464 shares of the company’s stock, valued at approximately $18,386,000. Amentum comprises approximately 1.4% of Cacti Asset Management LLC’s holdings, making the stock its 17th biggest holding.

Several other hedge funds have also recently made changes to their positions in AMTM. Arrow Financial Corp purchased a new stake in Amentum in the third quarter worth $26,000. US Bancorp DE purchased a new stake in Amentum in the third quarter worth about $30,000. Anchor Investment Management LLC bought a new stake in shares of Amentum in the 3rd quarter worth approximately $32,000. Signaturefd LLC purchased a new stake in shares of Amentum in the 3rd quarter worth approximately $33,000. Finally, Glen Eagle Advisors LLC bought a new position in Amentum during the 3rd quarter valued at approximately $35,000. 39.93% of the stock is owned by hedge funds and other institutional investors.

Amentum Stock Performance

NYSE AMTM traded up $0.48 during trading hours on Thursday, hitting $21.51. The company’s stock had a trading volume of 408,013 shares, compared to its average volume of 3,124,606. Amentum Holdings, Inc. has a 12 month low of $18.38 and a 12 month high of $34.50. The stock has a 50 day moving average price of $25.12.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on AMTM. Truist Financial assumed coverage on Amentum in a research report on Monday, October 14th. They issued a “buy” rating and a $31.00 price target for the company. Raymond James started coverage on shares of Amentum in a report on Thursday, November 21st. They set an “outperform” rating and a $30.00 price target on the stock.

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.