Noah (NYSE:NOAH) Stock Rating Lowered by StockNews.com

Noah (NYSE:NOAH) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Sunday.

Separately, Morgan Stanley lowered shares of Noah from an “overweight” rating to an “equal weight” rating and set a $13.00 price target on the stock. in a research note on Friday, November 29th.

Noah Price Performance

NYSE:NOAH opened at $10.97 on Friday. The firm has a market cap of $723.73 million, a price-to-earnings ratio of 9.38 and a beta of 0.78. The firm’s fifty day moving average price is $11.08 and its 200 day moving average price is $11.13. Noah has a 1-year low of $7.14 and a 1-year high of $15.44.

Institutional Investors Weigh In On Noah

A number of hedge funds and other institutional investors have recently bought and sold shares of NOAH. Tower Research Capital LLC TRC increased its holdings in shares of Noah by 1,188.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,371 shares of the asset manager’s stock valued at $28,000 after purchasing an additional 2,187 shares in the last quarter. Public Employees Retirement System of Ohio grew its position in Noah by 18.1% during the fourth quarter. Public Employees Retirement System of Ohio now owns 19,085 shares of the asset manager’s stock worth $223,000 after buying an additional 2,930 shares during the period. Public Employees Retirement Association of Colorado purchased a new position in Noah in the fourth quarter valued at about $39,000. Barclays PLC lifted its position in shares of Noah by 14.0% during the 4th quarter. Barclays PLC now owns 28,660 shares of the asset manager’s stock valued at $335,000 after acquiring an additional 3,524 shares during the period. Finally, Ballentine Partners LLC boosted its stake in shares of Noah by 16.7% during the 4th quarter. Ballentine Partners LLC now owns 27,565 shares of the asset manager’s stock worth $323,000 after acquiring an additional 3,948 shares in the last quarter. Institutional investors and hedge funds own 42.67% of the company’s stock.

About Noah

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.