Nam Tai Property (NYSE:NTP) Coverage Initiated by Analysts at StockNews.com

StockNews.com began coverage on shares of Nam Tai Property (NYSE:NTPGet Rating) in a research note published on Saturday morning. The brokerage issued a hold rating on the electronics maker’s stock.

Nam Tai Property Price Performance

NTP stock opened at $4.22 on Friday. Nam Tai Property has a twelve month low of $3.92 and a twelve month high of $37.88. The stock has a market cap of $165.42 million, a P/E ratio of 4.10 and a beta of 0.81. The business’s 50-day moving average price is $4.22 and its 200-day moving average price is $5.14.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in NTP. Advisor Group Holdings Inc. lifted its position in shares of Nam Tai Property by 107.2% during the 4th quarter. Advisor Group Holdings Inc. now owns 13,010 shares of the electronics maker’s stock valued at $132,000 after buying an additional 6,730 shares in the last quarter. American Century Companies Inc. purchased a new position in Nam Tai Property in the 4th quarter worth approximately $127,000. Renaissance Technologies LLC purchased a new position in Nam Tai Property in the 4th quarter worth approximately $3,404,000. Shay Capital LLC purchased a new position in Nam Tai Property in the 4th quarter worth approximately $250,000. Finally, Belvedere Trading LLC purchased a new position in Nam Tai Property in the 1st quarter worth approximately $406,000. 62.65% of the stock is owned by hedge funds and other institutional investors.

Nam Tai Property Company Profile

(Get Rating)

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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