CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT Invests $613,000 in Amentum Holdings, Inc. (NYSE:AMTM)

CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT purchased a new stake in Amentum Holdings, Inc. (NYSE:AMTM) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 19,000 shares of the company’s stock, valued at approximately $613,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC acquired a new position in shares of Amentum in the third quarter valued at approximately $78,399,000. Eastern Bank purchased a new position in Amentum in the 3rd quarter valued at $3,325,000. Everett Harris & Co. CA acquired a new position in Amentum in the 3rd quarter valued at $3,283,000. Telos Capital Management Inc. purchased a new position in Amentum during the 3rd quarter worth $2,847,000. Finally, ZWJ Investment Counsel Inc. acquired a new stake in shares of Amentum in the 3rd quarter worth $2,256,000.

Amentum Price Performance

Shares of AMTM stock traded up $0.05 during trading hours on Tuesday, reaching $29.01. 446,562 shares of the company’s stock were exchanged, compared to its average volume of 3,890,793. Amentum Holdings, Inc. has a 1 year low of $23.58 and a 1 year high of $34.50.

Wall Street Analyst Weigh In

Separately, Truist Financial assumed coverage on shares of Amentum in a research note on Monday, October 14th. They set a “buy” rating and a $31.00 price target on the stock.

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.