Noah (NOAH) Scheduled to Post Earnings on Wednesday

Noah (NYSE:NOAH – Get Rating) will be posting its quarterly earnings results after the market closes on Wednesday, May 11th.

Noah stock traded down $0.84 during trading hours on Friday, reaching $16.92. 1,070 shares of the stock were exchanged, compared to its average volume of 196,918. The stock has a market cap of $1.02 billion, a P/E ratio of 5.90, a P/E/G ratio of 0.51 and a beta of 1.34. Noah has a 52-week low of $17.05 and a 52-week high of $49.88. The firm’s 50 day moving average is $22.78 and its 200 day moving average is $30.26.

Hedge funds have recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. lifted its holdings in Noah by 29.4% in the 1st quarter. Envestnet Asset Management Inc. now owns 14,728 shares of the asset manager’s stock worth $347,000 after purchasing an additional 3,349 shares in the last quarter. Citigroup Inc. raised its stake in shares of Noah by 5.2% in the fourth quarter. Citigroup Inc. now owns 14,303 shares of the asset manager’s stock worth $439,000 after purchasing an additional 705 shares during the last quarter. River & Mercantile Asset Management LLP grew its holdings in Noah by 1.5% during the fourth quarter. River & Mercantile Asset Management LLP now owns 27,210 shares of the asset manager’s stock worth $836,000 after acquiring an additional 410 shares during the period. Renaissance Technologies LLC acquired a new stake in shares of Noah in the fourth quarter worth approximately $899,000. Finally, Invesco Ltd. lifted its position in Noah by 8.9% during the fourth quarter. Invesco Ltd. now owns 29,612 shares of the asset manager’s stock worth $909,000 after buying an additional 2,428 shares in the last quarter. 64.19% of the stock is currently owned by institutional investors and hedge funds.

NOAH has been the subject of several recent research reports. Bank of America lowered their price target on shares of Noah from $51.50 to $35.00 and set a “buy” rating for the company in a research report on Wednesday, March 16th. Zacks Investment Research raised Noah from a “strong sell” rating to a “hold” rating and set a $30.00 target price for the company in a research report on Saturday, March 19th. Finally, StockNews.com lowered Noah from a “buy” rating to a “hold” rating in a research report on Monday. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $45.81.

Noah Company Profile (Get Rating)

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. The company operates through three segments: Wealth Management, Asset Management, and Other Businesses.

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