Short Interest Worth Watching: Is Buying Artisan Partners Asset Managemen (NYSE:APAM) Here Good Idea?

November 24, 2016 - By Louis Casey   ·   0 Comments

Short Interest Worth Watching: Is Buying Artisan Partners Asset Managemen (NYSE:APAM) Here Good Idea?

The stock of Artisan Partners Asset Managemen (NYSE:APAM) registered an increase of 11.69% in short interest. APAM’s total short interest was 2.88M shares in November as published by FINRA. Its up 11.69% from 2.58 million shares, reported previously. With 380,700 shares average volume, it will take short sellers 8 days to cover their APAM’s short positions. The short interest to Artisan Partners Asset Managemen’s float is 7.21%. The stock decreased 0.66% or $0.2 on November 23, hitting $29.95. About 1.07 million shares traded hands or 129.51% up from the average. Artisan Partners Asset Management Inc (NYSE:APAM) has declined 14.33% since April 22, 2016 and is downtrending. It has underperformed by 19.74% the S&P500.

Artisan Partners Asset Management Inc. is an investment management firm focused on providing investment strategies to clients around the global. The company has a market cap of $2.26 billion. The Company’s activities are conducted through Artisan Partners Holdings LP and its subsidiaries. It has a 18.62 P/E ratio. It operates in the investment management industry.

Insitutional Activity: The institutional sentiment decreased to 1.34 in Q2 2016. Its down 0.35, from 1.69 in 2016Q1. The ratio dived, as 18 funds sold all Artisan Partners Asset Management Inc shares owned while 37 reduced positions. 24 funds bought stakes while 69 increased positions. They now own 40.07 million shares or 0.27% more from 39.96 million shares in 2016Q1.
Renaissance Technology Limited Co holds 0% or 7,900 shares in its portfolio. Geode Ltd accumulated 251,758 shares or 0% of the stock. State Street Corporation accumulated 0% or 494,735 shares. Moreover, Bokf Na has 0.01% invested in Artisan Partners Asset Management Inc (NYSE:APAM) for 12,022 shares. Tiverton Asset Mngmt Limited Com has 431,362 shares for 0.32% of their US portfolio. Schroder Inv Group accumulated 0.03% or 562,039 shares. The California-based Whittier Tru Company has invested 0% in Artisan Partners Asset Management Inc (NYSE:APAM). The Massachusetts-based Loomis Sayles Com Lp has invested 0.04% in Artisan Partners Asset Management Inc (NYSE:APAM). Checchi Advisers Ltd Llc holds 0% of its portfolio in Artisan Partners Asset Management Inc (NYSE:APAM) for 111 shares. Jpmorgan Chase & accumulated 1,814 shares or 0% of the stock. Aperio Gp Ltd accumulated 37,641 shares or 0.01% of the stock. Wesbanco Commercial Bank Inc holds 0.01% of its portfolio in Artisan Partners Asset Management Inc (NYSE:APAM) for 8,460 shares. Fdx Advisors has 0.02% invested in the company for 15,828 shares. Fincl Corporation owns 732 shares or 0.01% of their US portfolio. Invesco accumulated 0% or 145,948 shares.

Artisan Partners Asset Management Inc (NYSE:APAM) Ratings Coverage

Out of 7 analysts covering Artisan Partners Asset Management Inc (NYSE:APAM), 1 rate it a “Buy”, 1 “Sell”, while 5 “Hold”. This means 14% are positive. Artisan Partners Asset Management Inc has been the topic of 25 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Goldman Sachs downgraded the shares of APAM in a report on Monday, January 11 to “Neutral” rating. The rating was downgraded by Credit Suisse to “Neutral” on Friday, July 15. As per Tuesday, October 27, the company rating was downgraded by Goldman Sachs. The rating was maintained by Citigroup on Thursday, September 10 with “Neutral”. The stock of Artisan Partners Asset Management Inc (NYSE:APAM) has “Neutral” rating given on Thursday, February 11 by Citigroup. Jefferies maintained Artisan Partners Asset Management Inc (NYSE:APAM) on Wednesday, October 7 with “Buy” rating. The stock has “Underperform” rating given by Bank of America on Tuesday, June 28. The firm earned “Sell” rating on Tuesday, December 15 by Citigroup. The stock has “Hold” rating given by Jefferies on Monday, July 11. The stock of Artisan Partners Asset Management Inc (NYSE:APAM) has “Market Perform” rating given on Friday, October 14 by Wood.

APAM Company Profile

Artisan Partners Asset Management Inc., incorporated on October 25, 2012, is an investment management firm focused on providing investment strategies to clients around the global. The Company’s activities are conducted through Artisan Partners Holdings LP and its subsidiaries. It operates in the investment management industry. The Firm provides investment management services to separate accounts and mutual funds, and other pooled investment vehicles. The Firm has over seven autonomous investment teams that manage a range of the United States, non-United States and global investment strategies. The Firm provides its clients with multiple long-only, equity investment strategies spanning market capitalization divisions and investing styles in both the United States and non-United States markets. It also offers a fixed income strategy, the Artisan High Income strategy.

More notable recent Artisan Partners Asset Management Inc (NYSE:APAM) news were published by: Globenewswire.com which released: “Artisan Partners Asset Management Inc. Announces Updates on the Artisan U.S …” on November 18, 2016, also Reuters.com with their article: “BRIEF-Artisan Partners Asset Management says board of Artisan Partners Fun…” published on November 18, 2016, Nasdaq.com published: “Ex-Dividend Reminder: Artisan Partners Asset Management, Home BancShares and …” on November 10, 2016. More interesting news about Artisan Partners Asset Management Inc (NYSE:APAM) were released by: Nasdaq.com and their article: “Artisan Partners Asset Management Inc. Reports 3Q16 Results” published on October 31, 2016 as well as Globenewswire.com‘s news article titled: “Artisan Partners Asset Management Inc. Announces that Chris Smith has Joined …” with publication date: October 14, 2016.

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By Louis Casey


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