Ruane Cunniff & Goldfarb L.P. Takes Position in Amentum Holdings, Inc. (NYSE:AMTM)

Ruane Cunniff & Goldfarb L.P. purchased a new stake in shares of Amentum Holdings, Inc. (NYSE:AMTM) in the third quarter, according to the company in its most recent filing with the SEC. The fund purchased 2,530,489 shares of the company’s stock, valued at approximately $81,608,000. Amentum comprises 1.3% of Ruane Cunniff & Goldfarb L.P.’s investment portfolio, making the stock its 17th largest position. Ruane Cunniff & Goldfarb L.P. owned approximately 1.01% of Amentum as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in AMTM. Arrow Financial Corp purchased a new position in shares of Amentum in the 3rd quarter worth approximately $26,000. US Bancorp DE purchased a new position in shares of Amentum in the 3rd quarter worth approximately $30,000. Signaturefd LLC purchased a new position in shares of Amentum in the 3rd quarter worth approximately $33,000. HM Payson & Co. purchased a new position in shares of Amentum in the 3rd quarter worth approximately $38,000. Finally, Studio Investment Management LLC purchased a new position in shares of Amentum in the 3rd quarter worth approximately $42,000.

Amentum Price Performance

NYSE:AMTM opened at $23.90 on Thursday. Amentum Holdings, Inc. has a 12 month low of $21.24 and a 12 month high of $34.50.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Truist Financial assumed coverage on Amentum in a research note on Monday, October 14th. They issued a “buy” rating and a $31.00 target price on the stock. Raymond James started coverage on shares of Amentum in a report on Thursday, November 21st. They issued 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.