Nam Tai Property (NYSE:NTP) Now Covered by Analysts at StockNews.com

StockNews.com started coverage on shares of Nam Tai Property (NYSE:NTPGet Rating) in a report issued on Friday morning. The brokerage issued a hold rating on the electronics maker’s stock.

Nam Tai Property Stock Performance

Shares of NYSE:NTP opened at $4.22 on Friday. The company has a 50 day moving average of $4.22 and a 200-day moving average of $5.36. The firm has a market cap of $165.42 million, a P/E ratio of 4.10 and a beta of 0.82. Nam Tai Property has a twelve month low of $3.92 and a twelve month high of $37.88.

Institutional Trading of Nam Tai Property

Several institutional investors and hedge funds have recently added to or reduced their stakes in NTP. CI Investments Inc. acquired a new stake in Nam Tai Property during the first quarter valued at approximately $41,000. Beacon Pointe Advisors LLC acquired a new stake in Nam Tai Property during the first quarter valued at approximately $63,000. Stock Yards Bank & Trust Co. acquired a new stake in Nam Tai Property during the second quarter valued at approximately $81,000. Wellington Management Group LLP acquired a new stake in Nam Tai Property during the first quarter valued at approximately $88,000. Finally, Advisor Group Holdings Inc. lifted its stake in Nam Tai Property by 15.0% during the first quarter. Advisor Group Holdings Inc. now owns 14,960 shares of the electronics maker’s stock valued at $93,000 after purchasing an additional 1,950 shares during the last quarter. 62.65% of the stock is owned by institutional investors and hedge funds.

About Nam Tai Property

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Nam Tai Property Inc, through its subsidiaries, owns, develops, and operates technology parks in the People's Republic of China. It focuses on redeveloping three parcels of land in Gushu and Guangming, Shenzhen into technology parks, as well as rents properties. The company was formerly known as Nam Tai Electronics, Inc and changed its name to Nam Tai Property Inc in April 2014.

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