Amentum Holdings, Inc. (NYSE:AMTM) Shares Purchased by A. D. Beadell Investment Counsel Inc.

A. D. Beadell Investment Counsel Inc. raised its stake in shares of Amentum Holdings, Inc. (NYSE:AMTM) by 177.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 43,155 shares of the company’s stock after acquiring an additional 27,575 shares during the quarter. A. D. Beadell Investment Counsel Inc.’s holdings in Amentum were worth $907,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB bought a new position in shares of Amentum during the third quarter worth about $790,000. Wharton Business Group LLC bought a new position in Amentum during the 3rd quarter worth approximately $2,106,000. Peak Asset Management LLC acquired a new position in shares of Amentum in the 3rd quarter worth approximately $774,000. Tower Bridge Advisors acquired a new position in shares of Amentum in the 3rd quarter worth approximately $4,053,000. Finally, Oppenheimer Asset Management Inc. acquired a new stake in shares of Amentum during the 3rd quarter valued at approximately $1,062,000. 39.93% of the stock is owned by institutional investors and hedge funds.

Amentum Price Performance

AMTM traded up $0.67 during trading on Friday, reaching $22.16. 791,738 shares of the company were exchanged, compared to its average volume of 2,335,500. 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 $24.14.

Analyst Ratings Changes

A number of equities analysts have commented on AMTM shares. Royal Bank of Canada began coverage on shares of Amentum in a report on Friday. They issued a “sector perform” rating and a $24.00 price objective for the company. Raymond James began coverage on shares of Amentum in a report on Thursday, November 21st. They issued an “outperform” rating and a $30.00 price target for the company. Finally, Truist Financial started coverage on shares of Amentum in a research note on Monday, October 14th. They set a “buy” rating and a $31.00 price objective 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.