California Public Employees Retirement System Sells 1,267 Shares of Noah Holdings Limited (NYSE:NOAH)

California Public Employees Retirement System trimmed its position in shares of Noah Holdings Limited (NYSE:NOAH) by 1.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 65,981 shares of the asset manager’s stock after selling 1,267 shares during the quarter. California Public Employees Retirement System owned approximately 0.10% of Noah worth $911,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of NOAH. Prescott Group Capital Management L.L.C. grew its position in Noah by 19.1% during the 3rd quarter. Prescott Group Capital Management L.L.C. now owns 234,209 shares of the asset manager’s stock worth $2,921,000 after acquiring an additional 37,500 shares during the last quarter. Quadrature Capital Ltd acquired a new position in Noah in the third quarter worth $129,000. Caxton Associates LP bought a new stake in shares of Noah during the third quarter worth $129,000. Finally, Acadian Asset Management LLC increased its stake in shares of Noah by 260.8% in the third quarter. Acadian Asset Management LLC now owns 13,853 shares of the asset manager’s stock valued at $169,000 after buying an additional 10,014 shares in the last quarter. Institutional investors and hedge funds own 42.67% of the company’s stock.

Noah Price Performance

NOAH stock opened at $13.66 on Monday. The stock has a market capitalization of $901.83 million, a PE ratio of 6.70 and a beta of 0.94. The company has a 50 day moving average price of $11.74 and a 200 day moving average price of $12.23. Noah Holdings Limited has a fifty-two week low of $9.90 and a fifty-two week high of $17.39.

Noah (NYSE:NOAH) last issued its quarterly earnings results on Tuesday, March 26th. The asset manager reported $0.47 earnings per share (EPS) for the quarter. The business had revenue of $74.64 million for the quarter. Noah had a return on equity of 10.05% and a net margin of 33.36%. During the same period last year, the company earned $0.31 EPS. As a group, equities analysts expect that Noah Holdings Limited will post 2.43 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Noah from a “strong-buy” rating to a “buy” rating in a report on Monday, March 18th.

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.