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 bank holding company headquartered in Alabama, United States.

During the 3rd quarter of the year, Acadian Asset Management LLC decreased its position in Carter Bankshares, Inc. NASDAQCARE by 15.1%. 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 Acadian Asset Management LLC's most recent Form 13F filing with the Securities and Exchange Commission. Form 13F is a quarterly report that investment managers are required to file with the SEC, disclosing their holdings in publicly traded companies as of the end of the quarter.

It is also worth noting that Acadian Asset Management LLC's decision to sell shares of Carter Bankshares, Inc. does not necessarily indicate any negative view of the company or its stock. It could simply be a strategic move based on the fund's investment objectives and risk management strategies.