Y Intercept Hong Kong Ltd Makes New $413,000 Investment in Noah Holdings Ltd. $NOAH

Y Intercept Hong Kong Ltd purchased a new stake in Noah Holdings Ltd. (NYSE:NOAH) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 34,583 shares of the asset manager’s stock, valued at approximately $413,000. Y Intercept Hong Kong Ltd owned about 0.05% of Noah at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Noah by 39.0% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 67,022 shares of the asset manager’s stock worth $633,000 after purchasing an additional 18,806 shares in the last quarter. Invesco Ltd. boosted its holdings in Noah by 7.1% during the first quarter. Invesco Ltd. now owns 30,880 shares of the asset manager’s stock worth $292,000 after buying an additional 2,047 shares in the last quarter. Nuveen LLC acquired a new position in Noah in the first quarter worth approximately $350,000. Russell Investments Group Ltd. increased its holdings in shares of Noah by 1,440.2% in the first quarter. Russell Investments Group Ltd. now owns 32,376 shares of the asset manager’s stock valued at $328,000 after buying an additional 30,274 shares in the last quarter. Finally, Hsbc Holdings PLC increased its holdings in shares of Noah by 198.3% in the first quarter. Hsbc Holdings PLC now owns 38,002 shares of the asset manager’s stock valued at $362,000 after buying an additional 25,263 shares in the last quarter. Institutional investors own 42.67% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on NOAH shares. Weiss Ratings cut Noah from a “hold (c-)” rating to a “sell (d+)” rating in a report on Saturday, October 25th. Wall Street Zen lowered Noah from a “buy” rating to a “hold” rating in a research report on Saturday, September 20th. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $12.00.

Noah Trading Up 0.2%

NYSE:NOAH opened at $11.16 on Friday. The business’s fifty day moving average price is $11.63 and its 200 day moving average price is $11.37. The firm has a market capitalization of $738.41 million, a price-to-earnings ratio of 9.96 and a beta of 0.88. Noah Holdings Ltd. has a 1-year low of $7.67 and a 1-year high of $13.30.

Noah (NYSE:NOAH) last announced its quarterly earnings data on Wednesday, August 27th. The asset manager reported $0.37 EPS for the quarter. The firm had revenue of $87.87 million during the quarter, compared to analyst estimates of $86.31 million. Noah had a return on equity of 6.44% and a net margin of 22.17%. Equities analysts forecast that Noah Holdings Ltd. will post 0.93 earnings per share for the current year.

About Noah

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.