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

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

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

Noah Stock Performance

NOAH opened at $11.32 on Friday. The firm’s 50-day simple moving average is $11.10 and its 200-day simple moving average is $11.08. Noah has a twelve month low of $7.14 and a twelve month high of $15.44. The firm has a market cap of $746.96 million, a price-to-earnings ratio of 9.68 and a beta of 0.78.

Institutional Investors Weigh In On Noah

Hedge funds have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC grew its holdings in Noah by 1,188.6% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,371 shares of the asset manager’s stock worth $28,000 after acquiring an additional 2,187 shares during the last quarter. Public Employees Retirement Association of Colorado bought a new position in shares of Noah in the 4th quarter valued at about $39,000. Cubist Systematic Strategies LLC bought a new position in shares of Noah in the 4th quarter valued at about $52,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Noah in the 3rd quarter valued at about $65,000. Finally, BNP Paribas Financial Markets bought a new position in shares of Noah in the 4th quarter valued at about $72,000. Institutional investors 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.