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

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

Separately, Morgan Stanley downgraded Noah from an “overweight” rating to an “equal weight” rating and set a $13.00 price objective for the company. in a research report on Friday, November 29th.

Noah Trading Down 3.1 %

NYSE:NOAH opened at $10.97 on Friday. The company has a market capitalization of $723.73 million, a P/E ratio of 9.38 and a beta of 0.78. The firm has a 50-day moving average price of $11.08 and a two-hundred day moving average price of $11.13. Noah has a twelve month low of $7.14 and a twelve month high of $15.44.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC boosted its stake in shares of 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 purchasing an additional 2,187 shares during the last quarter. Public Employees Retirement Association of Colorado purchased a new position in shares of Noah during the fourth quarter valued at approximately $39,000. Cubist Systematic Strategies LLC acquired a new stake in Noah during the fourth quarter worth approximately $52,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Noah in the 3rd quarter worth approximately $65,000. Finally, BNP Paribas Financial Markets acquired a new position in Noah in the 4th quarter valued at $72,000. 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.