Entropy Technologies LP Has $1.15 Million Stock Position in Artisan Partners Asset Management Inc. $APAM

Entropy Technologies LP boosted its stake in shares of Artisan Partners Asset Management Inc. (NYSE:APAM) by 137.2% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 31,681 shares of the asset manager’s stock after acquiring an additional 18,322 shares during the quarter. Entropy Technologies LP’s holdings in Artisan Partners Asset Management were worth $1,153,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in APAM. WealthCollab LLC raised its holdings in Artisan Partners Asset Management by 17.0% during the 2nd quarter. WealthCollab LLC now owns 1,700 shares of the asset manager’s stock worth $75,000 after purchasing an additional 247 shares during the last quarter. WINTON GROUP Ltd boosted its stake in shares of Artisan Partners Asset Management by 0.9% in the 4th quarter. WINTON GROUP Ltd now owns 29,793 shares of the asset manager’s stock valued at $1,214,000 after purchasing an additional 269 shares during the last quarter. IFP Advisors Inc boosted its stake in shares of Artisan Partners Asset Management by 45.8% in the 3rd quarter. IFP Advisors Inc now owns 955 shares of the asset manager’s stock valued at $41,000 after purchasing an additional 300 shares during the last quarter. California State Teachers Retirement System grew its position in shares of Artisan Partners Asset Management by 0.5% during the 2nd quarter. California State Teachers Retirement System now owns 64,112 shares of the asset manager’s stock worth $2,842,000 after buying an additional 317 shares during the period. Finally, ProShare Advisors LLC grew its position in shares of Artisan Partners Asset Management by 2.8% during the 4th quarter. ProShare Advisors LLC now owns 12,266 shares of the asset manager’s stock worth $500,000 after buying an additional 331 shares during the period. Institutional investors and hedge funds own 86.45% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Royal Bank Of Canada increased their price objective on shares of Artisan Partners Asset Management from $43.00 to $44.00 and gave the company an “outperform” rating in a report on Thursday. Wall Street Zen downgraded Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a research note on Saturday, April 11th. TD Cowen reissued a “hold” rating on shares of Artisan Partners Asset Management in a research note on Thursday, April 9th. The Goldman Sachs Group cut their target price on shares of Artisan Partners Asset Management from $39.00 to $34.00 and set a “sell” rating on the stock in a report on Tuesday, April 7th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Artisan Partners Asset Management in a report on Thursday, July 2nd. One investment analyst has rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus price target of $39.25.

Artisan Partners Asset Management Stock Performance

Shares of APAM opened at $40.20 on Tuesday. The firm has a market cap of $3.24 billion, a P/E ratio of 10.18 and a beta of 1.68. Artisan Partners Asset Management Inc. has a twelve month low of $33.96 and a twelve month high of $48.46. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.82 and a current ratio of 0.82. The firm’s 50 day moving average price is $36.74 and its two-hundred day moving average price is $38.61.

Artisan Partners Asset Management (NYSE:APAM) last issued its quarterly earnings data on Tuesday, April 28th. The asset manager reported $0.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.91 by ($0.04). Artisan Partners Asset Management had a return on equity of 72.99% and a net margin of 23.49%.The company had revenue of $303.01 million for the quarter, compared to the consensus estimate of $304.01 million. During the same period in the prior year, the company earned $0.83 EPS. The firm’s revenue was up 9.3% on a year-over-year basis. On average, analysts forecast that Artisan Partners Asset Management Inc. will post 3.89 EPS for the current fiscal year.

Artisan Partners Asset Management Company Profile

Artisan Partners Asset Management Inc is a global investment management firm that specializes in active, fundamental research-driven strategies across a range of equity, fixed income and alternative asset classes. Founded in 1994 by Andrew Ziegler, the company has built a reputation for its team-based approach to portfolio construction, emphasizing deep sector expertise and independent analysis. Its product lineup includes U.S. and international equity strategies, global emerging markets, as well as credit and multisector fixed income offerings.

Artisan Partners serves a diverse client base that spans institutional investors, intermediaries and high-net-worth individuals located in North America, Europe and Asia.