Nam Tai Property (NYSE:NTP) Receives New Coverage from Analysts at StockNews.com

StockNews.com assumed coverage on shares of Nam Tai Property (NYSE:NTPGet Rating) in a report issued on Monday. The brokerage issued a hold rating on the electronics maker’s stock.

Nam Tai Property Price Performance

Nam Tai Property has a 1 year low of $3.92 and a 1 year high of $37.88. The company has a fifty day moving average of $4.22 and a 200-day moving average of $4.24.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Stock Yards Bank & Trust Co. bought a new stake in shares of Nam Tai Property during the second quarter worth $81,000. Jane Street Group LLC raised its position in shares of Nam Tai Property by 31.6% during the 2nd quarter. Jane Street Group LLC now owns 30,729 shares of the electronics maker’s stock valued at $130,000 after acquiring an additional 7,377 shares during the last quarter. PDT Partners LLC lifted its stake in shares of Nam Tai Property by 152.7% in the 2nd quarter. PDT Partners LLC now owns 50,571 shares of the electronics maker’s stock valued at $213,000 after purchasing an additional 30,562 shares during the period. Millennium Management LLC boosted its position in shares of Nam Tai Property by 35.3% in the 2nd quarter. Millennium Management LLC now owns 116,865 shares of the electronics maker’s stock worth $394,000 after purchasing an additional 30,498 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of Nam Tai Property by 154.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 78,096 shares of the electronics maker’s stock worth $329,000 after purchasing an additional 47,432 shares during the last quarter. Institutional investors and hedge funds own 62.65% of the company’s stock.

Nam Tai Property Company Profile

(Get Rating)

Nam Tai Property Inc, through its subsidiaries, owns, develops, and operates technology parks in the People's Republic of China. It focuses on redeveloping three parcels of land in Gushu and Guangming, Shenzhen into technology parks, as well as rents properties. The company was formerly known as Nam Tai Electronics, Inc and changed its name to Nam Tai Property Inc in April 2014.

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