Aigen Investment Management LP Makes New $183,000 Investment in Noah Holdings Limited (NYSE:NOAH)

Aigen Investment Management LP purchased a new stake in Noah Holdings Limited (NYSE:NOAH) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 5,164 shares of the asset manager’s stock, valued at approximately $183,000.

Other hedge funds have also added to or reduced their stakes in the company. Coronation Fund Managers Ltd. grew its holdings in Noah by 30.3% during the 3rd quarter. Coronation Fund Managers Ltd. now owns 1,776,816 shares of the asset manager’s stock valued at $51,883,000 after buying an additional 412,721 shares during the last quarter. State Street Corp raised its holdings in shares of Noah by 3.6% in the third quarter. State Street Corp now owns 627,577 shares of the asset manager’s stock worth $18,325,000 after acquiring an additional 22,044 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Noah by 1.5% in the second quarter. Vanguard Group Inc. now owns 453,811 shares of the asset manager’s stock valued at $19,310,000 after acquiring an additional 6,904 shares in the last quarter. Comgest Global Investors S.A.S. lifted its position in shares of Noah by 45.3% in the third quarter. Comgest Global Investors S.A.S. now owns 263,822 shares of the asset manager’s stock valued at $7,704,000 after acquiring an additional 82,200 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its stake in shares of Noah by 6.5% during the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 123,011 shares of the asset manager’s stock valued at $4,351,000 after acquiring an additional 7,533 shares during the last quarter. Institutional investors and hedge funds own 50.42% of the company’s stock.

A number of analysts recently commented on NOAH shares. TheStreet upgraded Noah from a “c” rating to a “b-” rating in a research report on Thursday, January 2nd. Citigroup lowered shares of Noah from a “buy” rating to a “neutral” rating in a report on Tuesday. Zacks Investment Research raised shares of Noah from a “sell” rating to a “hold” rating in a research note on Wednesday, January 15th. Finally, ValuEngine upgraded shares of Noah from a “sell” rating to a “hold” rating in a report on Friday, November 1st. Four analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Noah currently has a consensus rating of “Hold” and an average target price of $53.09.

NOAH stock opened at $34.19 on Friday. The stock has a market capitalization of $2.13 billion, a P/E ratio of 16.52 and a beta of 1.86. Noah Holdings Limited has a one year low of $26.48 and a one year high of $60.14. The company has a 50 day moving average price of $36.44 and a two-hundred day moving average price of $31.83.

Noah Company Profile

Noah Holdings Limited, through its subsidiaries, operates as a wealth and asset management service provider with focus on wealth investment and asset allocation services for high net worth individuals and enterprises in the People's Republic of China. The company operates through three segments: Wealth Management, Asset Management, and Other Financial Service.

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Institutional Ownership by Quarter for Noah (NYSE:NOAH)

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