North Reef Capital Management LP cut its stake in shares of Acadian Asset Management Inc. (NYSE:AAMI – Free Report) by 50.4% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 220,239 shares of the company’s stock after selling 223,683 shares during the period. North Reef Capital Management LP’s holdings in Acadian Asset Management were worth $11,985,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Jennison Associates LLC increased its stake in shares of Acadian Asset Management by 5.9% during the first quarter. Jennison Associates LLC now owns 2,022,207 shares of the company’s stock worth $110,049,000 after purchasing an additional 112,985 shares in the last quarter. State Street Corp lifted its stake in Acadian Asset Management by 0.5% in the 4th quarter. State Street Corp now owns 1,206,244 shares of the company’s stock valued at $56,693,000 after buying an additional 5,541 shares in the last quarter. Impax Asset Management Group plc lifted its stake in Acadian Asset Management by 10.4% in the 4th quarter. Impax Asset Management Group plc now owns 845,451 shares of the company’s stock valued at $39,736,000 after buying an additional 79,967 shares in the last quarter. Soros Fund Management LLC boosted its holdings in Acadian Asset Management by 61.3% in the 4th quarter. Soros Fund Management LLC now owns 737,367 shares of the company’s stock worth $34,656,000 after buying an additional 280,239 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Acadian Asset Management by 4.4% in the 4th quarter. Geode Capital Management LLC now owns 685,272 shares of the company’s stock worth $32,212,000 after buying an additional 29,082 shares during the last quarter. 98.69% of the stock is owned by hedge funds and other institutional investors.
Acadian Asset Management Trading Up 0.7%
Shares of AAMI opened at $80.81 on Friday. Acadian Asset Management Inc. has a 12-month low of $39.20 and a 12-month high of $85.73. The firm has a market capitalization of $2.88 billion, a P/E ratio of 34.39 and a beta of 1.32. The firm has a 50-day moving average price of $76.11 and a 200 day moving average price of $63.59.
Wall Street Analysts Forecast Growth
AAMI has been the subject of a number of research analyst reports. Weiss Ratings cut Acadian Asset Management from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 11th. Morgan Stanley lifted their price target on Acadian Asset Management from $60.00 to $78.00 and gave the stock an “equal weight” rating in a research note on Friday, June 26th. Wall Street Zen upgraded Acadian Asset Management from a “buy” rating to a “strong-buy” rating in a research report on Sunday, May 10th. Evercore set a $84.00 price objective on Acadian Asset Management in a research note on Friday, July 10th. Finally, Zacks Research upgraded Acadian Asset Management from a “strong sell” rating to a “hold” rating in a report on Monday, June 29th. One equities research analyst has rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $78.00.
View Our Latest Stock Analysis on AAMI
Insider Activity
In other news, CAO Richard Jonathan Hart sold 100,000 shares of the firm’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $66.97, for a total transaction of $6,697,000.00. Following the completion of the sale, the chief accounting officer owned 73,863 shares in the company, valued at $4,946,605.11. This trade represents a 57.52% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 22.60% of the stock is owned by corporate insiders.
About Acadian Asset Management
Acadian Asset Management is a global investment management firm specializing in quantitative research and systematic strategies. Since its founding in 1986, the firm has developed data-driven models designed to identify and capture investment opportunities across equity and fixed income markets. By integrating advanced analytics, proprietary risk management tools and a disciplined investment process, Acadian seeks to deliver consistent performance for institutional clients.
The firm’s core offerings include institutional equity portfolios, fixed income strategies and multi-asset solutions.
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