Noah Holdings Limited (NOAH) Position Lifted by Prescott Group Capital Management L.L.C.

Prescott Group Capital Management L.L.C. increased its holdings in Noah Holdings Limited (NYSE:NOAH) by 36.4% during the 3rd quarter, HoldingsChannel reports. The fund owned 60,000 shares of the asset manager’s stock after acquiring an additional 16,000 shares during the quarter. Prescott Group Capital Management L.L.C.’s holdings in Noah were worth $2,528,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Guinness Asset Management Ltd lifted its stake in shares of Noah by 1,050.0% in the second quarter. Guinness Asset Management Ltd now owns 2,300 shares of the asset manager’s stock worth $120,000 after acquiring an additional 2,100 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. acquired a new position in shares of Noah in the second quarter worth about $158,000. Voya Investment Management LLC acquired a new position in shares of Noah in the second quarter worth about $229,000. Dai Ichi Life Insurance Company Ltd acquired a new stake in Noah during the second quarter valued at approximately $261,000. Finally, Xact Kapitalforvaltning AB acquired a new stake in Noah during the second quarter valued at approximately $266,000. Institutional investors and hedge funds own 50.40% of the company’s stock.

NOAH has been the topic of several research reports. ValuEngine upgraded Noah from a “sell” rating to a “hold” rating in a research note on Thursday, November 1st. Zacks Investment Research cut Noah from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 31st. Finally, Deutsche Bank initiated coverage on Noah in a research note on Wednesday, September 12th. They set a “buy” rating on the stock. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Noah has a consensus rating of “Buy” and an average target price of $53.50.

Shares of NYSE NOAH opened at $42.71 on Friday. Noah Holdings Limited has a 52-week low of $34.20 and a 52-week high of $69.56. The company has a market cap of $2.55 billion, a price-to-earnings ratio of 21.25 and a beta of 1.94. The company has a debt-to-equity ratio of 0.04, a quick ratio of 4.03 and a current ratio of 3.77.

Noah (NYSE:NOAH) last announced its quarterly earnings data on Tuesday, August 28th. The asset manager reported $0.45 earnings per share (EPS) for the quarter. Noah had a return on equity of 16.27% and a net margin of 25.60%. The firm had revenue of $121.26 million for the quarter. As a group, equities research analysts predict that Noah Holdings Limited will post 2.45 EPS for the current fiscal year.

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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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