6 days Ago By Defense World Staff
Sei Investments Co. acquired a new stake in shares of Noah Holdings Limited (NYSE:NOAH – Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 14,290 shares of the asset manager’s stock, valued at approximately $167,000.
Other institutional investors also recently modified their holdings of the company. Wolverine Trading LLC purchased a new position in Noah during the 3rd quarter valued at about $196,000. Public Employees Retirement System of Ohio bought a new stake in Noah in the 3rd quarter worth about $199,000.
Ballentine Partners LLC raised its holdings in shares of Noah by 16.7% during the fourth quarter. Ballentine Partners LLC now owns 27,565 shares of the asset manager’s stock valued at $323,000 after purchasing an additional 3,948 shares during the last quarter.
Connor Clark & Lunn Investment Management Ltd. raised its stake in Noah by 113.0% during the 4th quarter.
Connor Clark & Lunn Investment Management Ltd. now owns 48,216 shares of the asset manager’s stock valued at $565,000 after buying an additional 25,578 shares during the last quarter. Finally, American Century Companies Inc.
increased its position in Noah by 51.8% during the fourth quarter. American Century Companies Inc.
now owns 139,946 shares of the asset manager’s stock valued at $1,639,000 after acquiring an additional 47,761 shares during the last quarter. 42.67% of the stock is currently owned by hedge funds and other institutional investors.
Noah Price PerformanceNOAH stock opened at $8.35 on Friday. Noah Holdings Limited has a 1-year low of $7.
14 and a 1-year high of $15.44. The business has a 50 day simple moving average of $10.
53 and a two-hundred day simple moving average of $11.44. The company has a market capitalization of $550.
82 million, a price-to-earnings ratio of 7.14 and a beta of 0.78.
Noah (NYSE:NOAH – Get Free Report) last issued its earnings results on Tuesday, March 25th. The asset manager reported $0.26 earnings per share for the quarter.
The firm had revenue of $89.31 million during the quarter, compared to analyst estimates of $102.07 million.
Noah had a net margin of 23.53% and a return on equity of 6.43%.
Sell-side analysts anticipate that Noah Holdings Limited will post 0.93 EPS for the current fiscal year. Analyst Upgrades and DowngradesSeveral equities analysts recently weighed in on NOAH shares.
JPMorgan Chase & Co. upgraded Noah from a “neutral” rating to an “overweight” rating and set a $11.50 target price on the stock in a research report on Wednesday.
UBS Group restated a “neutral” rating and set a $11.50 price objective on shares of Noah in a research report on Friday, March 28th. Finally, StockNews.
com cut shares of Noah from a “buy” rating to a “hold” rating in a research note on Thursday, March 20th.Get Our Latest Research Report on NoahNoah Company Profile (Free Report)Noah Holdings Limited, together with its subsidiaries, operates as a wealth and asset management service provider with the focus on investment and asset allocation services for high net worth individuals and enterprises in Mainland of China, Hong Kong, and internationally. It operates through three segments: Wealth Management, Asset Management, and Other Services.
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