Noah Holdings Ltd. (NOAH) Shares Bought by Ariose Capital Management Ltd
Ariose Capital Management Ltd raised its position in Noah Holdings Ltd. (NYSE:NOAH) by 14.3% during the second quarter, Holdings Channel reports. The institutional investor owned 309,324 shares of the company’s stock after buying an additional 38,754 shares during the period. Noah Holdings makes up 7.5% of Ariose Capital Management Ltd’s portfolio, making the stock its 4th largest position. Ariose Capital Management Ltd’s holdings in Noah Holdings were worth $7,458,000 as of its most recent filing with the SEC.
Several other large investors have also modified their holdings of NOAH. BlackRock Institutional Trust Company N.A. raised its stake in Noah Holdings by 8.2% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 41,655 shares of the company’s stock valued at $1,036,000 after buying an additional 3,167 shares in the last quarter. Pacad Investment Ltd. purchased a new stake in Noah Holdings during the first quarter valued at $221,000. Shell Asset Management Co. purchased a new stake in Noah Holdings during the second quarter valued at $452,000. Tiger Pacific Capital LP raised its stake in Noah Holdings by 14.2% in the second quarter. Tiger Pacific Capital LP now owns 1,516,218 shares of the company’s stock valued at $36,556,000 after buying an additional 188,649 shares in the last quarter. Finally, Wellington Management Group LLP raised its stake in Noah Holdings by 12.4% in the first quarter. Wellington Management Group LLP now owns 2,836,765 shares of the company’s stock valued at $70,579,000 after buying an additional 312,366 shares in the last quarter. Hedge funds and other institutional investors own 40.49% of the company’s stock.
Noah Holdings Ltd. (NYSE:NOAH) traded up 0.50% during midday trading on Monday, hitting $26.24. The company had a trading volume of 86,683 shares. Noah Holdings Ltd. has a 52 week low of $20.30 and a 52 week high of $33.55. The stock has a 50 day moving average price of $26.71 and a 200 day moving average price of $25.41. The company has a market capitalization of $1.48 billion, a P/E ratio of 16.65 and a beta of 2.00.
Noah Holdings (NYSE:NOAH) last announced its quarterly earnings results on Monday, August 15th. The company reported $0.51 EPS for the quarter. Noah Holdings had a return on equity of 23.18% and a net margin of 29.26%. Equities analysts forecast that Noah Holdings Ltd. will post $1.76 earnings per share for the current fiscal year.
About Noah Holdings
Noah Holdings Limited is a wealth management service provider with a focus on global wealth investment and asset allocation services for high net worth individuals and enterprises in China. The Company also provides Internet finance services to clients in China. It provides direct access to China’s high net worth population.
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