What Next for Artisan Partners Asset Management Inc Class A Com (NYSE:APAM) Stock After Increase in Shorted Shares?

June 18, 2018 - By Clifton Ray

Investors sentiment decreased to 1.17 in 2018 Q1. Its down 0.49, from 1.66 in 2017Q4. It dived, as 19 investors sold Artisan Partners Asset Management Inc. shares while 69 reduced holdings. 37 funds opened positions while 66 raised stakes. 47.43 million shares or 1.52% less from 48.16 million shares in 2017Q4 were reported.
Natixis Advisors Lp stated it has 161,158 shares. Alliancebernstein Lp reported 59,590 shares or 0% of all its holdings. Amalgamated National Bank & Trust holds 0.01% in Artisan Partners Asset Management Inc. (NYSE:APAM) or 6,090 shares. Ironwood Investment Mgmt Limited Liability holds 0.54% in Artisan Partners Asset Management Inc. (NYSE:APAM) or 22,164 shares. Atria Investments Limited accumulated 0.01% or 6,089 shares. Sei, a Pennsylvania-based fund reported 54,965 shares. State Street Corporation stated it has 0% of its portfolio in Artisan Partners Asset Management Inc. (NYSE:APAM). 47 were reported by Archford Strategies Limited Co. Bb&T Ltd Llc stated it has 20,096 shares. First Tru Advisors Lp stated it has 0% of its portfolio in Artisan Partners Asset Management Inc. (NYSE:APAM). Bank & Trust Of Montreal Can, a Ontario – Canada-based fund reported 1,647 shares. 52,046 are held by Mackenzie. 2.01M are owned by Fisher Asset Mngmt Ltd Llc. Hanseatic Mngmt Services Inc holds 0.02% or 754 shares. Amer Intll Gp invested 0% in Artisan Partners Asset Management Inc. (NYSE:APAM).

The stock of Artisan Partners Asset Management Inc Class A Com (NYSE:APAM) registered an increase of 8.83% in short interest. APAM’s total short interest was 2.75 million shares in June as published by FINRA. Its up 8.83% from 2.52M shares, reported previously. With 318,300 shares average volume, it will take short sellers 9 days to cover their APAM’s short positions. The short interest to Artisan Partners Asset Management Inc Class A Com’s float is 5.77%.

The stock decreased 0.85% or $0.275 during the last trading session, reaching $31.975. About 7,145 shares traded. Artisan Partners Asset Management Inc. (NYSE:APAM) has risen 19.60% since June 18, 2017 and is uptrending. It has outperformed by 7.03% the S&P500.

Artisan Partners Asset Management Inc. is publicly owned investment manager. The company has market cap of $2.46 billion. It provides its services to pension and profit sharing plans, trusts, endowments, foundations, charitable organizations, government entities, private funds and non-U.S. funds, as well as mutual funds, non-U.S. funds and collective trusts. It has a 27.61 P/E ratio. It manages separate client-focused equity and fixed income portfolios.

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

Among 4 analysts covering Artisan Partners (NYSE:APAM), 1 have Buy rating, 1 Sell and 2 Hold. Therefore 25% are positive. Artisan Partners had 8 analyst reports since December 21, 2017 according to SRatingsIntel. The firm has “Buy” rating by RBC Capital Markets given on Wednesday, February 7. The rating was maintained by Jefferies with “Hold” on Wednesday, April 11. The stock of Artisan Partners Asset Management Inc. (NYSE:APAM) earned “Hold” rating by Keefe Bruyette & Woods on Thursday, December 21. Jefferies maintained Artisan Partners Asset Management Inc. (NYSE:APAM) rating on Wednesday, January 10. Jefferies has “Hold” rating and $41.0 target. The stock has “Hold” rating by Keefe Bruyette & Woods on Wednesday, February 7. Keefe Bruyette & Woods maintained Artisan Partners Asset Management Inc. (NYSE:APAM) on Tuesday, April 10 with “Hold” rating. The firm has “Underperform” rating by Bank of America given on Thursday, February 8. As per Thursday, February 15, the company rating was maintained by Jefferies.

Artisan Partners Asset Management Inc. (NYSE:APAM) Ratings Chart

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