Noah (NYSE:NOAH) Shares Pass Above 200-Day Moving Average of $12.20

Noah Holdings Limited (NYSE:NOAH) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $12.20 and traded as high as $12.60. Noah shares last traded at $12.57, with a volume of 211,632 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Noah from a “strong-buy” rating to a “buy” rating in a report on Monday, March 18th.

Noah Price Performance

The company has a 50 day moving average price of $11.67 and a 200 day moving average price of $12.20. The firm has a market cap of $829.87 million, a PE ratio of 6.16 and a beta of 1.01.

Noah (NYSE:NOAH) last released its quarterly earnings results on Tuesday, March 26th. The asset manager reported $0.47 EPS for the quarter. The business had revenue of $74.64 million during the quarter. Noah had a return on equity of 10.05% and a net margin of 33.36%. During the same quarter last year, the company earned $0.31 EPS. On average, equities analysts anticipate that Noah Holdings Limited will post 2.43 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Caxton Associates LP purchased a new position in shares of Noah in the third quarter valued at $129,000. Quadrature Capital Ltd purchased a new position in shares of Noah in the third quarter valued at $129,000. Acadian Asset Management LLC increased its position in shares of Noah by 260.8% in the third quarter. Acadian Asset Management LLC now owns 13,853 shares of the asset manager’s stock valued at $169,000 after buying an additional 10,014 shares in the last quarter. Quadrant Capital Group LLC increased its position in shares of Noah by 92.2% in the fourth quarter. Quadrant Capital Group LLC now owns 12,756 shares of the asset manager’s stock valued at $176,000 after buying an additional 6,120 shares in the last quarter. Finally, Dodge & Cox increased its position in shares of Noah by 15.0% in the fourth quarter. Dodge & Cox now owns 26,840 shares of the asset manager’s stock valued at $371,000 after buying an additional 3,500 shares in the last quarter. Hedge funds and other institutional investors 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.