Simcoe Capital Management LLC Purchases New Stake in Amentum Holdings, Inc. (NYSE:AMTM)

Simcoe Capital Management LLC purchased a new position in shares of Amentum Holdings, Inc. (NYSE:AMTM) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 1,153,105 shares of the company’s stock, valued at approximately $37,188,000. Amentum accounts for about 4.9% of Simcoe Capital Management LLC’s investment portfolio, making the stock its 9th biggest holding. Simcoe Capital Management LLC owned 0.46% of Amentum at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Primecap Management Co. CA bought a new stake in shares of Amentum during the 3rd quarter valued at $169,999,000. Ruane Cunniff & Goldfarb L.P. acquired a new stake in Amentum during the third quarter worth approximately $81,608,000. Allspring Global Investments Holdings LLC acquired a new stake in Amentum in the third quarter valued at approximately $78,399,000. Massachusetts Financial Services Co. MA acquired a new stake in Amentum in the third quarter valued at approximately $39,613,000. Finally, Charles Schwab Investment Management Inc. purchased a new position in shares of Amentum during the third quarter valued at approximately $24,527,000.

Amentum Stock Up 1.9 %

NYSE:AMTM opened at $24.35 on Monday. Amentum Holdings, Inc. has a 52 week low of $21.24 and a 52 week high of $34.50.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on AMTM shares. Raymond James started coverage on Amentum in a research note on Thursday, November 21st. They issued an “outperform” rating and a $30.00 target price on the stock. 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 for the company.

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.