Acadian Asset Management LLC Reduces Stake in Noah Holdings Ltd. $NOAH

Acadian Asset Management LLC cut its position in shares of Noah Holdings Ltd. (NYSE:NOAH) by 1.5% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 686,243 shares of the asset manager’s stock after selling 10,724 shares during the quarter. Acadian Asset Management LLC owned 1.04% of Noah worth $8,172,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Signaturefd LLC increased its position in shares of Noah by 124.7% in the second quarter. Signaturefd LLC now owns 5,778 shares of the asset manager’s stock valued at $69,000 after buying an additional 3,207 shares in the last quarter. Cubist Systematic Strategies LLC grew its stake in Noah by 307.2% in the 1st quarter. Cubist Systematic Strategies LLC now owns 17,980 shares of the asset manager’s stock valued at $170,000 after acquiring an additional 13,564 shares during the last quarter. Everstar Asset Management LLC purchased a new position in Noah during the 1st quarter valued at about $217,000. Invesco Ltd. raised its position 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 acquiring an additional 2,047 shares during the last quarter. Finally, Ballentine Partners LLC raised its position in Noah by 20.5% during the second quarter. Ballentine Partners LLC now owns 26,824 shares of the asset manager’s stock worth $320,000 after acquiring an additional 4,563 shares during the last quarter. Institutional investors and hedge funds own 42.67% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on NOAH. Weiss Ratings upgraded shares of Noah from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, November 7th. Wall Street Zen lowered Noah from a “buy” rating to a “hold” rating in a research note on Saturday, September 20th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $12.00.

Noah Stock Performance

Shares of NYSE NOAH opened at $11.19 on Thursday. The firm has a market cap of $740.53 million, a P/E ratio of 9.99 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. The firm’s 50 day moving average price is $11.57 and its 200 day moving average price is $11.43.

Noah (NYSE:NOAH) last issued its quarterly earnings results on Wednesday, August 27th. The asset manager reported $0.37 earnings per share for the quarter. Noah had a return on equity of 6.44% and a net margin of 22.17%.The company had revenue of $87.87 million during the quarter, compared to the consensus estimate of $86.31 million. As a group, equities analysts predict that Noah Holdings Ltd. will post 0.93 EPS for the current year.

Noah Profile

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.