Dalton Investments LLC decreased its position in Noah Holdings Limited (NYSE:NOAH) by 7.2% in the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 122,851 shares of the asset manager’s stock after selling 9,600 shares during the period. Noah accounts for about 2.4% of Dalton Investments LLC’s investment portfolio, making the stock its 12th biggest position. Dalton Investments LLC owned approximately 0.21% of Noah worth $5,227,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Davis Selected Advisers boosted its holdings in shares of Noah by 0.7% in the second quarter. Davis Selected Advisers now owns 943,832 shares of the asset manager’s stock valued at $40,160,000 after purchasing an additional 6,197 shares during the period. Ancora Advisors LLC bought a new position in Noah in the second quarter worth approximately $222,000. Tiger Pacific Capital LP raised its stake in Noah by 14.9% in the second quarter. Tiger Pacific Capital LP now owns 1,770,779 shares of the asset manager’s stock worth $75,347,000 after buying an additional 229,865 shares in the last quarter. Quantamental Technologies LLC bought a new position in Noah in the second quarter worth approximately $52,000. Finally, Caisse DE Depot ET Placement DU Quebec raised its stake in Noah by 98.3% in the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 10,288 shares of the asset manager’s stock worth $438,000 after buying an additional 5,100 shares in the last quarter. Hedge funds and other institutional investors own 54.26% of the company’s stock.
A number of brokerages recently commented on NOAH. JPMorgan Chase & Co. raised shares of Noah from a “neutral” rating to an “overweight” rating and set a $52.00 price objective for the company in a research note on Wednesday, May 29th. TheStreet downgraded shares of Noah from a “b” rating to a “c+” rating in a research note on Tuesday, July 9th. ValuEngine downgraded shares of Noah from a “hold” rating to a “sell” rating in a research note on Wednesday, September 4th. Finally, Zacks Investment Research raised shares of Noah from a “sell” rating to a “hold” rating in a research note on Thursday. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $53.09.
Shares of NYSE:NOAH opened at $30.67 on Friday. The company has a market capitalization of $1.76 billion, a price-to-earnings ratio of 15.81 and a beta of 1.97. Noah Holdings Limited has a 52 week low of $28.17 and a 52 week high of $60.14. The firm has a 50 day moving average of $30.56 and a 200 day moving average of $41.96.
Noah Company Profile
Noah Holdings Limited, through its subsidiaries, operates as a wealth and asset management service provider with focus on wealth investment and asset allocation services for high net worth individuals and enterprises in the People's Republic of China. The company operates through three segments: Wealth Management, Asset Management, and Other Financial Service.
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