Ionic Capital Management LLC Invests $536,000 in Amentum Holdings, Inc. (NYSE:AMTM)

Ionic Capital Management LLC acquired a new position in Amentum Holdings, Inc. (NYSE:AMTM) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 16,622 shares of the company’s stock, valued at approximately $536,000.

Other hedge funds have also made changes to their positions in the company. Primecap Management Co. CA acquired a new position in shares of Amentum in the 3rd quarter valued at $169,999,000. Ruane Cunniff & Goldfarb L.P. acquired a new stake in Amentum in the 3rd quarter valued at about $81,608,000. Allspring Global Investments Holdings LLC acquired 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 valued at $39,613,000. Finally, Simcoe Capital Management LLC bought a new stake in Amentum during the 3rd quarter worth approximately $37,188,000.

Analyst Upgrades and Downgrades

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

Amentum Stock Performance

NYSE AMTM opened at $23.86 on Tuesday. Amentum Holdings, Inc. has a 52 week low of $21.24 and a 52 week high of $34.50.

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.