Acadian Asset Management (NYSE:AAMI) Sets New 52-Week High – Should You Buy?

Shares of Acadian Asset Management Inc. (NYSE:AAMI) hit a new 52-week high on Tuesday . The stock traded as high as $56.46 and last traded at $55.8140, with a volume of 186969 shares trading hands. The stock had previously closed at $55.42.

Analyst Upgrades and Downgrades

AAMI has been the subject of a number of research analyst reports. Weiss Ratings reissued a “buy (b)” rating on shares of Acadian Asset Management in a report on Monday, December 29th. Evercore ISI set a $52.00 target price on shares of Acadian Asset Management in a report on Thursday, November 6th. Morgan Stanley lifted 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 report on Wednesday, December 17th. Finally, Wall Street Zen downgraded Acadian Asset Management from a “buy” rating to a “hold” rating in a research report on Sunday, January 18th. One investment analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, Acadian Asset Management presently has an average rating of “Hold” and a consensus price target of $47.67.

Acadian Asset Management Price Performance

The firm’s fifty day moving average is $49.68 and its 200 day moving average is $47.22. The firm has a market capitalization of $1.99 billion, a price-to-earnings ratio of 23.55 and a beta of 1.30.

Institutional Investors Weigh In On Acadian Asset Management

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Paulson & CO. Inc. bought a new position in Acadian Asset Management during the second quarter valued at approximately $315,402,000. Jennison Associates LLC bought a new stake in shares of Acadian Asset Management in the second quarter valued at approximately $73,690,000. Impax Asset Management Group plc acquired a new stake in Acadian Asset Management in the 2nd quarter worth $35,240,000. William Blair Investment Management LLC bought a new position in Acadian Asset Management during the second quarter valued at about $25,094,000. Finally, Geode Capital Management LLC bought a new stake in shares of Acadian Asset Management during the second quarter valued at approximately $22,116,000. 98.69% of the stock is owned by hedge funds and other institutional investors.

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.