Acadian Asset Management (NYSE:AAMI) Shares Cross Above 50 Day Moving Average - Should You Sell?

Key Points

• Acadian Asset Management shares rose above their 50-day moving average of $92.64, trading as high as $96.41 and last quoted near $93.75. The stock has a market capitalization of approximately $3.33 billion and is up 1.5%.
• Analyst sentiment is cautious: four analysts rate AAMI a Hold and one rates it a Buy, producing a consensus Hold rating and a $94 price target. Recent targets range from $85 to $102.
• The company exceeded quarterly earnings expectations, reporting $1.33 in EPS versus the $1.03 consensus estimate on $183.2 million in revenue. Institutional investors own approximately 98.69% of the shares.

Acadian Asset Management Inc. (NYSE:AAMI - Get Free Report)'s stock price passed above its fifty day moving average during trading on Monday. The stock has a fifty day moving average of $92.64 and traded as high as $96.41. Acadian Asset Management shares last traded at $93.7530, with a volume of 252,252 shares.

Wall Street Analyst Weigh In

AAMI has been the topic of several recent research reports. Royal Bank Of Canada increased their price target on Acadian Asset Management from $80.00 to $85.00 and gave the stock a "sector perform" rating in a report on Friday, October 9th. Zacks Research cut shares of Acadian Asset Management from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 25th. Evercore set a $102.00 price target on shares of Acadian Asset Management in a report on Friday, October 9th. Wall Street Zen lowered Acadian Asset Management from a "strong-buy" rating to a "buy" rating in a report on Monday, October 12th. Finally, Morgan Stanley lifted their target price on shares of Acadian Asset Management from $81.00 to $95.00 and gave the stock an "equal weight" rating in a research note on Friday, September 25th. One research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $94.00.

Acadian Asset Management Stock Up 1.5%

The stock has a 50-day simple moving average of $92.64 and a two-hundred day simple moving average of $72.88. The firm has a market cap of $3.33 billion, a PE ratio of 33.13 and a beta of 1.31.

Acadian Asset Management (NYSE:AAMI - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The company reported $1.33 earnings per share for the quarter, topping analysts' consensus estimates of $1.03 by $0.30. The firm had revenue of $183.20 million during the quarter. Acadian Asset Management had a net margin of 15.17% and a return on equity of 189.32%. Research analysts expect that Acadian Asset Management Inc. will post 5.51 earnings per share for the current year.

Hedge Funds Weigh In On Acadian Asset Management

Large investors have recently made changes to their positions in the business. Signaturefd LLC increased its holdings in Acadian Asset Management by 91.6% in the 3rd quarter. Signaturefd LLC now owns 2,316 shares of the company's stock worth $212,000 after buying an additional 1,107 shares in the last quarter. Kendall Capital Management increased its position in Acadian Asset Management by 1.1% in the third quarter. Kendall Capital Management now owns 34,350 shares of the company's stock worth $3,150,000 after buying an additional 365 shares in the last quarter. Sterling Capital Management LLC increased its holdings in Acadian Asset Management by 913.1% in the 3rd quarter. Sterling Capital Management LLC now owns 1,003 shares of the company's stock worth $92,000 after acquiring an additional 904 shares in the last quarter. Yousif Capital Management LLC increased its holdings in Acadian Asset Management by 9.3% in the 3rd quarter. Yousif Capital Management LLC now owns 7,696 shares of the company's stock worth $706,000 after acquiring an additional 656 shares in the last quarter. Finally, Nisa Investment Advisors LLC raised its stake in Acadian Asset Management by 40.3% during the 3rd quarter. Nisa Investment Advisors LLC now owns 2,055 shares of the company's stock worth $188,000 after acquiring an additional 590 shares during the period. 98.69% of the stock is currently owned by hedge funds and other institutional investors.

Acadian Asset Management Company Profile

Acadian Asset Management Inc NYSE: AAMI is a global investment management firm specializing in systematic, research-driven investment strategies. The company uses quantitative analysis, data science and technology to evaluate investment opportunities and manage portfolios across global markets.

Its offerings include strategies in global and international equities, emerging markets, fixed income, multi-asset investing and alternative investments. Acadian also provides customized portfolio solutions and related investment management services for institutional clients, including pension plans, endowments, foundations, insurers, sovereign investors and wealth management organizations.

Founded in 1986, Acadian is headquartered in Boston and serves clients internationally through offices and operations in major financial centers, including London, Singapore and Sydney.

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