Cannell & Spears LLC Grows Stock Position in Acadian Asset Management Inc. $AAMI

Cannell & Spears LLC lifted its position in Acadian Asset Management Inc. (NYSE:AAMI) by 42.8% during the first quarter, HoldingsChannel.com reports. The fund owned 84,513 shares of the company’s stock after acquiring an additional 25,316 shares during the period. Cannell & Spears LLC’s holdings in Acadian Asset Management were worth $4,418,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. EverSource Wealth Advisors LLC acquired a new position in Acadian Asset Management in the 2nd quarter valued at $31,000. Transamerica Financial Advisors LLC lifted its holdings in Acadian Asset Management by 380.2% in the 4th quarter. Transamerica Financial Advisors LLC now owns 802 shares of the company’s stock valued at $38,000 after purchasing an additional 635 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Acadian Asset Management during the 2nd quarter worth $61,000. WealthCollab LLC acquired a new stake in Acadian Asset Management during the 2nd quarter worth $65,000. Finally, Russell Investments Group Ltd. acquired a new stake in Acadian Asset Management during the 2nd quarter worth $97,000. 98.69% of the stock is currently owned by hedge funds and other institutional investors.

Acadian Asset Management Stock Performance

NYSE AAMI opened at $80.81 on Friday. The stock’s fifty day moving average is $76.11 and its two-hundred day moving average is $63.59. The firm has a market capitalization of $2.88 billion, a P/E ratio of 34.39 and a beta of 1.32. Acadian Asset Management Inc. has a fifty-two week low of $39.20 and a fifty-two week high of $85.73.

Acadian Asset Management (NYSE:AAMI) last issued its earnings results on Thursday, April 30th. The company reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.11. Acadian Asset Management had a return on equity of 185.73% and a net margin of 13.78%.The company had revenue of $165.00 million during the quarter. As a group, sell-side analysts forecast that Acadian Asset Management Inc. will post 5.11 EPS for the current year.

Insider Buying and Selling at Acadian Asset Management

In other news, CAO Richard Jonathan Hart sold 100,000 shares of the business’s stock in a transaction dated 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 transaction, the chief accounting officer owned 73,863 shares of the company’s stock, valued at approximately $4,946,605.11. The trade was a 57.52% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 22.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on AAMI. Morgan Stanley increased their target price on shares of Acadian Asset Management from $60.00 to $78.00 and gave the company an “equal weight” rating in a research report on Friday, June 26th. Evercore set a $84.00 price target on shares of Acadian Asset Management in a research report on Friday, July 10th. Zacks Research upgraded shares of Acadian Asset Management from a “strong sell” rating to a “hold” rating in a research report on Monday, June 29th. Wall Street Zen raised shares of Acadian Asset Management from a “buy” rating to a “strong-buy” rating in a research note on Sunday, May 10th. Finally, Weiss Ratings downgraded shares of Acadian Asset Management from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 11th. One analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $78.00.

Acadian Asset Management Profile

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.