Eastern Bank Has $86,000 Position in Amentum Holdings, Inc. (NYSE:AMTM)

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

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

Analyst Upgrades and Downgrades

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

Amentum Stock Performance

Shares of NYSE AMTM opened at $23.22 on Wednesday. The stock has a 50 day moving average price of $23.70. Amentum Holdings, Inc. has a 52-week low of $18.38 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.