IHT Wealth Management LLC decreased its position in Noah Holdings Ltd. (NYSE:NOAH) by 51.2% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 200 shares of the asset manager’s stock after selling 210 shares during the quarter. IHT Wealth Management LLC’s holdings in Noah Holdings were worth $471,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. Russell Investments Group Ltd. purchased a new stake in Noah Holdings in the 2nd quarter valued at about $158,000. Neuberger Berman Group LLC purchased a new stake in Noah Holdings in the 1st quarter valued at about $200,000. Aperio Group LLC purchased a new stake in Noah Holdings in the 2nd quarter valued at about $239,000. Airain ltd purchased a new stake in Noah Holdings in the 2nd quarter valued at about $245,000. Finally, Hershey Trust Co. purchased a new stake in Noah Holdings in the 2nd quarter valued at about $300,000. 41.46% of the stock is owned by hedge funds and other institutional investors.

Several analysts have commented on NOAH shares. Zacks Investment Research cut Noah Holdings from a “hold” rating to a “sell” rating in a report on Wednesday, July 5th. BidaskClub cut Noah Holdings from a “buy” rating to a “hold” rating in a report on Thursday, September 14th.

Noah Holdings Ltd. (NYSE NOAH) traded up 5.83% during mid-day trading on Monday, reaching $37.39. The company’s stock had a trading volume of 273,799 shares. Noah Holdings Ltd. has a 1-year low of $21.33 and a 1-year high of $37.54. The firm has a market capitalization of $2.11 billion, a price-to-earnings ratio of 20.78 and a beta of 2.44. The firm has a 50-day moving average of $30.30 and a 200 day moving average of $28.61.

Noah Holdings declared that its Board of Directors has authorized a stock repurchase program on Thursday, June 29th that permits the company to repurchase $50.00 million in outstanding shares. This repurchase authorization permits the asset manager to repurchase shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s board of directors believes its stock is undervalued.

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About Noah Holdings

Noah Holdings Limited is a wealth management service provider with a focus on global wealth investment and asset allocation services for high net worth individuals and enterprises in China. The Company operates through three segments: wealth management, asset management and Internet finance. It also provides Internet finance services to clients in China.

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Institutional Ownership by Quarter for Noah Holdings (NYSE:NOAH)

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