Noah Holdings Limited (NYSE:NOAH) Shares Sold by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC lowered its position in shares of Noah Holdings Limited (NYSE:NOAH) by 19.6% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 8,068 shares of the asset manager’s stock after selling 1,963 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in Noah were worth $381,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Marshall Wace LLP acquired a new stake in Noah during the first quarter valued at approximately $49,000. Quadrant Capital Group LLC raised its stake in Noah by 60.6% during the second quarter. Quadrant Capital Group LLC now owns 1,539 shares of the asset manager’s stock valued at $73,000 after buying an additional 581 shares in the last quarter. Ensign Peak Advisors Inc raised its stake in Noah by 12.5% during the second quarter. Ensign Peak Advisors Inc now owns 2,700 shares of the asset manager’s stock valued at $127,000 after buying an additional 300 shares in the last quarter. Systematic Alpha Investments LLC acquired a new stake in Noah during the second quarter valued at approximately $161,000. Finally, Macquarie Group Ltd. grew its holdings in shares of Noah by 29.8% during the second quarter. Macquarie Group Ltd. now owns 4,678 shares of the asset manager’s stock valued at $221,000 after purchasing an additional 1,075 shares during the last quarter. Hedge funds and other institutional investors own 48.06% of the company’s stock.

Several research firms have recently commented on NOAH. JPMorgan Chase & Co. lowered Noah from an “overweight” rating to a “neutral” rating and set a $50.00 target price for the company. in a report on Wednesday. DBS Vickers started coverage on Noah in a report on Tuesday, October 12th. They set a “buy” rating and a $56.25 target price for the company. Finally, Zacks Investment Research downgraded Noah from a “hold” rating to a “sell” rating in a research report on Thursday, August 19th. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $54.41.

NOAH opened at $39.03 on Thursday. The firm has a fifty day simple moving average of $39.98. The stock has a market capitalization of $2.43 billion, a price-to-earnings ratio of -27.68 and a beta of 1.37. Noah Holdings Limited has a 12-month low of $29.41 and a 12-month high of $52.77.

Noah Company Profile

Noah Holdings Ltd. provides investment advisory and wealth management services. It operates business through the following segments: Wealth Management, Asset Management, and Lending & Other servicers. The Wealth Management segment offers a global wealth investment and asset allocation services to high net worth individuals and enterprise clients in China.

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Institutional Ownership by Quarter for Noah (NYSE:NOAH)

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