Acadian Asset Management LLC Has $243,000 Holdings in Carter Bankshares, Inc. (NASDAQ:CARE)

Acadian Asset Management LLC is a financial services company that manages investment portfolios for clients. The company has $243,000 holdings in Carter Bankshares, Inc., which is a publicly traded bank holding company based in Alabama, United States.

According to the most recent Form 13F filing with the Securities and Exchange Commission, Acadian Asset Management LLC decreased its position in Carter Bankshares, Inc. NASDAQCARE by 15.1% during the 3rd quarter. This means that the fund sold 3,449 shares of the company's stock, reducing its ownership from 22,861 shares to 19,412 shares.

It is important to note that this information is based on the Form 13F filing and may not reflect the current holdings or position of Acadian Asset Management LLC. Additionally, it is worth noting that the sale of shares does not necessarily indicate a negative outlook on the company, as it could simply be part of a larger investment strategy.