Acadian Asset Management (NYSE:AAMI) Rating Lowered to “Hold” at Wall Street Zen

Acadian Asset Management (NYSE:AAMI) was downgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a note issued to investors on Sunday.

A number of other equities research analysts have also recently weighed in on AAMI. Zacks Research cut Acadian Asset Management from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 3rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Acadian Asset Management in a research report on Monday, December 29th. Morgan Stanley increased their price target on shares of Acadian Asset Management from $46.00 to $49.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 17th. Finally, Evercore ISI set a $52.00 price objective on shares of Acadian Asset Management in a research note on Thursday, November 6th. One equities research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $47.67.

Acadian Asset Management Stock Down 0.1%

Shares of NYSE:AAMI opened at $54.47 on Friday. Acadian Asset Management has a fifty-two week low of $22.60 and a fifty-two week high of $55.10. The firm’s 50 day moving average price is $47.10 and its 200 day moving average price is $45.87. The stock has a market cap of $1.95 billion, a price-to-earnings ratio of 22.98 and a beta of 1.31.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of AAMI. Allspring Global Investments Holdings LLC raised its stake in shares of Acadian Asset Management by 37.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 289,038 shares of the company’s stock worth $13,365,000 after purchasing an additional 78,623 shares in the last quarter. Ensign Peak Advisors Inc acquired a new stake in Acadian Asset Management in the second quarter valued at approximately $439,000. AlphaQuest LLC bought a new stake in Acadian Asset Management in the second quarter worth approximately $431,000. Amalgamated Bank acquired a new position in shares of Acadian Asset Management during the 2nd quarter worth $270,000. Finally, Arrowstreet Capital Limited Partnership bought a new position in shares of Acadian Asset Management during the 2nd quarter valued at $21,531,000. Institutional investors and hedge funds own 98.69% of the company’s stock.

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.