Hosking Partners LLP boosted its holdings in Noah Holdings Limited (NYSE:NOAH) by 7.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 214,227 shares of the asset manager’s stock after acquiring an additional 15,139 shares during the period. Hosking Partners LLP owned 0.38% of Noah worth $9,914,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also recently bought and sold shares of NOAH. SG Americas Securities LLC acquired a new stake in shares of Noah during the 4th quarter worth $106,000. Wilbanks Smith & Thomas Asset Management LLC acquired a new stake in Noah in the fourth quarter valued at about $231,000. Granite Point Capital Management L.P. acquired a new stake in shares of Noah during the fourth quarter valued at about $278,000. APG Asset Management N.V. acquired a new stake in shares of Noah during the third quarter valued at about $249,000. Finally, Hershey Trust Co. acquired a new stake in shares of Noah during the fourth quarter valued at about $454,000. Hedge funds and other institutional investors own 46.11% of the company’s stock.
Separately, Zacks Investment Research downgraded Noah from a “buy” rating to a “hold” rating in a research report on Wednesday, January 24th.
Noah Holdings Limited (NYSE NOAH) traded up $0.35 during midday trading on Wednesday, hitting $48.96. The stock had a trading volume of 114,693 shares, compared to its average volume of 220,482. The company has a market capitalization of $2,696.73, a P/E ratio of 27.39 and a beta of 2.55. Noah Holdings Limited has a 52-week low of $24.63 and a 52-week high of $55.50.
Noah (NYSE:NOAH) last announced its earnings results on Monday, November 20th. The asset manager reported $0.47 earnings per share (EPS) for the quarter. The company had revenue of $102.86 million for the quarter. Noah had a return on equity of 18.11% and a net margin of 29.74%. sell-side analysts expect that Noah Holdings Limited will post 1.81 earnings per share for the current fiscal year.
Noah Holdings Limited is a wealth management service provider with a focus on global wealth investment and asset allocation services for high net worth individuals and enterprises in China. The Company operates through three segments: wealth management, asset management and Internet finance. It also provides Internet finance services to clients in China.
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