Acadian Asset Management Inc. $AAMI Shares Sold by Empyrean Capital Partners LP

Empyrean Capital Partners LP trimmed its position in Acadian Asset Management Inc. (NYSE:AAMI) by 6.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,308,190 shares of the company’s stock after selling 96,372 shares during the quarter. Acadian Asset Management makes up approximately 2.3% of Empyrean Capital Partners LP’s holdings, making the stock its 8th largest position. Empyrean Capital Partners LP’s holdings in Acadian Asset Management were worth $71,192,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Jacobs Levy Equity Management Inc. acquired a new position in Acadian Asset Management in the third quarter worth $20,059,000. Boston Trust Walden Corp acquired a new stake in shares of Acadian Asset Management during the first quarter worth $15,325,000. Soros Fund Management LLC raised its holdings in shares of Acadian Asset Management by 61.3% during the fourth quarter. Soros Fund Management LLC now owns 737,367 shares of the company’s stock worth $34,656,000 after purchasing an additional 280,239 shares during the period. Amundi bought a new position in shares of Acadian Asset Management in the 3rd quarter worth about $11,361,000. Finally, Invesco Ltd. bought a new position in shares of Acadian Asset Management in the 2nd quarter worth about $8,608,000. 98.69% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on AAMI. Wall Street Zen raised shares of Acadian Asset Management from a “buy” rating to a “strong-buy” rating in a research report on Sunday, May 10th. Royal Bank Of Canada raised their target price on shares of Acadian Asset Management from $66.00 to $72.00 and gave the stock a “sector perform” rating in a report on Thursday, July 2nd. Zacks Research upgraded Acadian Asset Management from a “strong sell” rating to a “hold” rating in a research note on Monday, June 29th. Weiss Ratings lowered Acadian Asset Management from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 11th. Finally, Morgan Stanley upped their target price on Acadian Asset Management from $60.00 to $78.00 and gave the company an “equal weight” rating in a report on Friday, June 26th. One investment analyst has rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $78.00.

Acadian Asset Management Stock Up 2.4%

Shares of AAMI opened at $82.79 on Tuesday. The firm has a 50-day moving average price of $76.37 and a 200 day moving average price of $63.92. The firm has a market capitalization of $2.95 billion, a PE ratio of 35.23 and a beta of 1.32. Acadian Asset Management Inc. has a 52-week low of $39.20 and a 52-week high of $85.73.

Acadian Asset Management (NYSE:AAMI) last released its earnings results on Thursday, April 30th. The company reported $1.05 EPS for the quarter, beating the consensus estimate of $0.94 by $0.11. Acadian Asset Management had a net margin of 13.78% and a return on equity of 185.73%. The firm had revenue of $165.00 million for the quarter. On average, equities analysts expect that Acadian Asset Management Inc. will post 5.11 EPS for the current year.

Insider Activity

In related 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 transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 22.60% of the stock is owned by company insiders.

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.