Connor Clark & Lunn Investment Management Ltd. purchased a new position in Noah Holdings Limited (NYSE:NOAH) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 8,175 shares of the asset manager’s stock, valued at approximately $354,000.

A number of other hedge funds also recently made changes to their positions in the business. Capital International Inc. CA increased its holdings in shares of Noah by 1.0% in the 3rd quarter. Capital International Inc. CA now owns 467,100 shares of the asset manager’s stock worth $19,684,000 after buying an additional 4,600 shares during the last quarter. Standard Life Aberdeen plc bought a new stake in shares of Noah in the 3rd quarter worth about $17,559,000. Russell Investments Group Ltd. increased its holdings in shares of Noah by 63.6% in the 3rd quarter. Russell Investments Group Ltd. now owns 60,055 shares of the asset manager’s stock worth $2,511,000 after buying an additional 23,351 shares during the last quarter. Trilogy Global Advisors LP increased its holdings in shares of Noah by 2.4% in the 3rd quarter. Trilogy Global Advisors LP now owns 231,494 shares of the asset manager’s stock worth $9,755,000 after buying an additional 5,366 shares during the last quarter. Finally, Marshall Wace LLP bought a new stake in shares of Noah in the 3rd quarter worth about $2,526,000. Institutional investors and hedge funds own 51.11% of the company’s stock.

A number of analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of Noah from a “hold” rating to a “sell” rating in a report on Wednesday. ValuEngine upgraded shares of Noah from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd. JPMorgan Chase & Co. downgraded shares of Noah from an “overweight” rating to a “neutral” rating and cut their price target for the company from $55.00 to $52.00 in a report on Thursday, March 14th. Finally, Deutsche Bank downgraded shares of Noah from a “buy” rating to a “hold” rating in a report on Wednesday, March 13th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $50.50.

Shares of NYSE:NOAH opened at $45.52 on Thursday. The stock has a market cap of $2.69 billion, a P/E ratio of 23.68 and a beta of 1.68. Noah Holdings Limited has a 12 month low of $34.20 and a 12 month high of $69.56. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.77 and a current ratio of 3.21.

COPYRIGHT VIOLATION NOTICE: “8,175 Shares in Noah Holdings Limited (NOAH) Acquired by Connor Clark & Lunn Investment Management Ltd.” was first posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this report on another website, it was illegally stolen and reposted in violation of US & international copyright and trademark laws. The legal version of this report can be viewed at https://www.thecerbatgem.com/2019/03/21/8175-shares-in-noah-holdings-limited-noah-acquired-by-connor-clark-lunn-investment-management-ltd.html.

About Noah

Noah Holdings Limited, through its subsidiaries, operates as a wealth and asset management service provider with focus on wealth investment and asset allocation services for high net worth individuals and enterprises in the People's Republic of China. The company operates through three segments: Wealth Management, Asset Management, and Other Financial Service.

See Also: What is a front-end load?

Institutional Ownership by Quarter for Noah (NYSE:NOAH)

Receive News & Ratings for Noah Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Noah and related companies with MarketBeat.com's FREE daily email newsletter.