Parametric Portfolio Associates LLC cut its holdings in shares of Noah Holdings Ltd. (NYSE:NOAH) by 58.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,871 shares of the asset manager’s stock after selling 12,270 shares during the quarter. Parametric Portfolio Associates LLC’s holdings in Noah were worth $254,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Russell Investments Group Ltd. acquired a new position in Noah during the 2nd quarter worth about $158,000. Aperio Group LLC acquired a new position in Noah during the 2nd quarter worth about $239,000. Airain ltd acquired a new position in Noah during the 2nd quarter worth about $245,000. Shell Asset Management Co. lifted its stake in Noah by 5.0% during the 2nd quarter. Shell Asset Management Co. now owns 21,023 shares of the asset manager’s stock worth $602,000 after acquiring an additional 1,009 shares in the last quarter. Finally, First Trust Advisors LP lifted its stake in Noah by 16.8% during the 2nd quarter. First Trust Advisors LP now owns 65,485 shares of the asset manager’s stock worth $1,876,000 after acquiring an additional 9,436 shares in the last quarter. Institutional investors and hedge funds own 46.91% of the company’s stock.

Noah Holdings Ltd. (NOAH) traded up $1.18 during mid-day trading on Thursday, reaching $43.71. The company’s stock had a trading volume of 363,400 shares, compared to its average volume of 210,774. The firm has a market cap of $2,404.94, a price-to-earnings ratio of 23.63 and a beta of 2.60. Noah Holdings Ltd. has a 52 week low of $21.33 and a 52 week high of $48.30.

Several equities analysts recently issued reports on the company. BidaskClub raised Noah from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, October 3rd. Zacks Investment Research raised Noah from a “hold” rating to a “strong-buy” rating and set a $52.00 target price on the stock in a research note on Thursday, November 23rd.

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Noah Profile

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.

Institutional Ownership by Quarter for Noah (NYSE:NOAH)

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