Dalton Investments LLC Lowers Holdings in Noah Holdings Limited (NYSE:NOAH)

Dalton Investments LLC trimmed its holdings in Noah Holdings Limited (NYSE:NOAH) by 7.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 122,851 shares of the asset manager’s stock after selling 9,600 shares during the quarter. Noah accounts for approximately 2.4% of Dalton Investments LLC’s investment portfolio, making the stock its 12th biggest holding. Dalton Investments LLC’s holdings in Noah were worth $5,227,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of NOAH. Janus Henderson Group PLC boosted its stake in shares of Noah by 2,302.2% during the 2nd quarter. Janus Henderson Group PLC now owns 444,400 shares of the asset manager’s stock worth $18,927,000 after acquiring an additional 425,900 shares in the last quarter. Ward Ferry Management BVI Ltd boosted its stake in shares of Noah by 10.1% during the 1st quarter. Ward Ferry Management BVI Ltd now owns 2,911,732 shares of the asset manager’s stock worth $141,103,000 after acquiring an additional 266,700 shares in the last quarter. Tiger Pacific Capital LP boosted its stake in shares of Noah by 14.9% during the 2nd quarter. Tiger Pacific Capital LP now owns 1,770,779 shares of the asset manager’s stock worth $75,347,000 after acquiring an additional 229,865 shares in the last quarter. Comgest Global Investors S.A.S. purchased a new stake in shares of Noah during the 2nd quarter worth about $7,728,000. Finally, JPMorgan Chase & Co. boosted its stake in shares of Noah by 21.4% during the 1st quarter. JPMorgan Chase & Co. now owns 898,322 shares of the asset manager’s stock worth $43,532,000 after acquiring an additional 158,450 shares in the last quarter. 54.26% of the stock is currently owned by institutional investors.

NOAH opened at $30.67 on Friday. Noah Holdings Limited has a twelve month low of $28.17 and a twelve month high of $60.14. The company has a 50-day moving average price of $30.56 and a 200 day moving average price of $41.96. The company has a market cap of $1.76 billion, a PE ratio of 15.81 and a beta of 1.97.

NOAH has been the topic of several recent analyst reports. JPMorgan Chase & Co. raised shares of Noah from a “neutral” rating to an “overweight” rating and set a $52.00 target price on the stock in a research note on Wednesday, May 29th. ValuEngine lowered shares of Noah from a “hold” rating to a “sell” rating in a research note on Wednesday, September 4th. Zacks Investment Research raised shares of Noah from a “sell” rating to a “hold” rating in a research note on Thursday. Finally, TheStreet downgraded shares of Noah from a “b” rating to a “c+” rating in a research report on Tuesday, July 9th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $53.09.

Noah Company Profile

Noah Holdings Limited, through its subsidiaries, operates as a wealth and asset management service provider with focus on wealth investment and asset allocation services for high net worth individuals and enterprises in the People's Republic of China. The company operates through three segments: Wealth Management, Asset Management, and Other Financial Service.

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Institutional Ownership by Quarter for Noah (NYSE:NOAH)

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