Eastern Bank Sells 99,013 Shares of Amentum Holdings, Inc. (NYSE:AMTM)

Eastern Bank reduced its position in shares of Amentum Holdings, Inc. (NYSE:AMTM) by 96.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,102 shares of the company’s stock after selling 99,013 shares during the quarter. Eastern Bank’s holdings in Amentum were worth $86,000 at the end of the most recent quarter.

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

Amentum Trading Up 1.8 %

Amentum stock opened at $23.22 on Wednesday. Amentum Holdings, Inc. has a 52 week low of $18.38 and a 52 week high of $34.50. The business’s 50 day moving average price is $23.70.

Analyst Upgrades and Downgrades

AMTM has been the topic of a number of analyst reports. Royal Bank of Canada assumed coverage on shares of Amentum in a report on Friday, January 10th. They issued a “sector perform” rating and a $24.00 target price on the stock. Truist Financial assumed coverage on Amentum in a research report on Monday, October 14th. They set a “buy” rating and a $31.00 target price on the stock. Finally, Raymond James initiated coverage on Amentum in a research report on Thursday, November 21st. They issued an “outperform” rating and a $30.00 price target for the company.

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.