Nam Tai Property (NTP) Reaches New 1-Year Low at $8.52
Nam Tai Property Inc (NYSE:NTP) reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $8.52 and last traded at $8.52, with a volume of 100 shares trading hands. The stock had previously closed at $8.72.
Hedge funds have recently added to or reduced their stakes in the business. PEAK6 Investments L.P. bought a new stake in Nam Tai Property during the second quarter valued at about $264,000. Pennsylvania Trust Co boosted its holdings in Nam Tai Property by 33.1% during the third quarter. Pennsylvania Trust Co now owns 63,090 shares of the electronics maker’s stock valued at $621,000 after acquiring an additional 15,700 shares during the period. Kahn Brothers Group Inc. DE boosted its holdings in Nam Tai Property by 21.4% during the third quarter. Kahn Brothers Group Inc. DE now owns 2,203,255 shares of the electronics maker’s stock valued at $18,747,000 after acquiring an additional 388,000 shares during the period. BlackRock Inc. boosted its holdings in Nam Tai Property by 5.3% during the first quarter. BlackRock Inc. now owns 128,838 shares of the electronics maker’s stock valued at $1,604,000 after acquiring an additional 6,460 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in Nam Tai Property by 1,504.9% during the first quarter. JPMorgan Chase & Co. now owns 11,523 shares of the electronics maker’s stock valued at $143,000 after acquiring an additional 10,805 shares during the period. Institutional investors own 26.07% of the company’s stock.
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Nam Tai Property Inc operates as a property development and management company in the People's Republic of China. It focuses on developing two parcels of land into commercial complexes in Gushu and Guangming, Shenzhen, as well as renting commercial complexes. The company was formerly known as Nam Tai Electronics, Inc and changed its name to Nam Tai Property Inc in April 2014.
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