Cacti Asset Management LLC Takes $18.39 Million Position in Amentum Holdings, Inc. (NYSE:AMTM)

Cacti Asset Management LLC purchased a new position in Amentum Holdings, Inc. (NYSE:AMTM) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 824,464 shares of the company’s stock, valued at approximately $18,386,000. Amentum comprises about 1.4% of Cacti Asset Management LLC’s holdings, making the stock its 17th biggest position. Cacti Asset Management LLC owned 0.34% of Amentum at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. State Street Corp bought a new position in shares of Amentum during the 3rd quarter worth $236,306,000. Primecap Management Co. CA bought a new position in Amentum in the 3rd quarter worth about $169,999,000. Geode Capital Management LLC bought a new position in shares of Amentum in the third quarter valued at approximately $101,022,000. Ruane Cunniff & Goldfarb L.P. purchased a new position in shares of Amentum during the 3rd quarter valued at $81,608,000. Finally, Allspring Global Investments Holdings LLC bought a new position in shares of Amentum in the third quarter worth $78,399,000. Institutional investors own 39.93% of the company’s stock.

Analyst Upgrades and Downgrades

AMTM has been the subject of several recent analyst reports. Raymond James started coverage on Amentum in a research report on Thursday, November 21st. They set an “outperform” rating and a $30.00 target price for the company. Truist Financial began coverage on shares of Amentum in a research note on Monday, October 14th. They issued a “buy” rating and a $31.00 target price on the stock.

Amentum Price Performance

NYSE:AMTM traded up $0.48 during mid-day trading on Thursday, reaching $21.51. The stock had a trading volume of 408,013 shares, compared to its average volume of 3,124,606. The company has a 50 day moving average price of $25.12. Amentum Holdings, Inc. has a one year low of $18.38 and a one year high of $34.50.

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.