Trexquant Investment LP Grows Stock Holdings in Noah Holdings Limited (NYSE:NOAH)

Trexquant Investment LP boosted its position in Noah Holdings Limited (NYSE:NOAH) by 170.7% in the 4th quarter, Holdings Channel reports. The fund owned 91,071 shares of the asset manager’s stock after purchasing an additional 57,425 shares during the period. Trexquant Investment LP’s holdings in Noah were worth $1,066,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NOAH. FMR LLC purchased a new stake in Noah in the 3rd quarter worth approximately $8,895,000. Franklin Resources Inc. grew its stake in Noah by 9.4% in the 4th quarter. Franklin Resources Inc. now owns 1,955,360 shares of the asset manager’s stock worth $22,897,000 after acquiring an additional 168,733 shares during the period. American Century Companies Inc. grew its stake in Noah by 51.8% in the 4th quarter. American Century Companies Inc. now owns 139,946 shares of the asset manager’s stock worth $1,639,000 after acquiring an additional 47,761 shares during the period. Point72 Asset Management L.P. purchased a new stake in Noah in the 3rd quarter worth approximately $566,000. Finally, Connor Clark & Lunn Investment Management Ltd. grew its stake in Noah by 113.0% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 48,216 shares of the asset manager’s stock worth $565,000 after acquiring an additional 25,578 shares during the period. 42.67% of the stock is owned by hedge funds and other institutional investors.

Noah Stock Down 1.9 %

Shares of NYSE NOAH opened at $8.29 on Friday. The firm has a fifty day moving average of $10.58 and a 200-day moving average of $11.45. Noah Holdings Limited has a 52-week low of $7.14 and a 52-week high of $15.44. The stock has a market capitalization of $546.73 million, a PE ratio of 7.08 and a beta of 0.78.

Noah (NYSE:NOAH) last announced its quarterly earnings results on Tuesday, March 25th. The asset manager reported $0.26 earnings per share for the quarter. Noah had a net margin of 23.53% and a return on equity of 6.43%. The firm had revenue of $89.31 million during the quarter, compared to analysts’ expectations of $102.07 million. Equities research analysts expect that Noah Holdings Limited will post 0.93 EPS for the current fiscal year.

Analysts Set New Price Targets

NOAH has been the subject of several research reports. StockNews.com cut shares of Noah from a “buy” rating to a “hold” rating in a research note on Thursday, March 20th. JPMorgan Chase & Co. raised shares of Noah from a “neutral” rating to an “overweight” rating and set a $11.50 price objective for the company in a research note on Wednesday. Finally, UBS Group reissued a “neutral” rating and set a $11.50 price objective on shares of Noah in a research note on Friday, March 28th.

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.