Parallel Advisors LLC Sells 4,208 Shares of Nomura Holdings Inc ADR $NMR

Parallel Advisors LLC decreased its holdings in shares of Nomura Holdings Inc ADR (NYSE:NMR) by 16.7% in the second quarter, HoldingsChannel reports. The firm owned 21,002 shares of the financial services provider’s stock after selling 4,208 shares during the quarter. Parallel Advisors LLC’s holdings in Nomura were worth $138,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Abel Hall LLC bought a new position in Nomura during the 1st quarter valued at approximately $62,000. Focus Partners Advisor Solutions LLC bought a new position in shares of Nomura in the 1st quarter worth approximately $71,000. Adero Partners LLC raised its position in shares of Nomura by 18.2% in the 1st quarter. Adero Partners LLC now owns 12,006 shares of the financial services provider’s stock worth $74,000 after acquiring an additional 1,848 shares in the last quarter. Baader Bank Aktiengesellschaft bought a new position in shares of Nomura in the 1st quarter worth approximately $81,000. Finally, Summit Trail Advisors LLC bought a new position in shares of Nomura in the 1st quarter worth approximately $88,000. Institutional investors own 15.14% of the company’s stock.

Nomura Stock Performance

Nomura stock opened at $7.46 on Wednesday. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 7.58. The company has a market capitalization of $22.04 billion, a P/E ratio of 8.98, a PEG ratio of 3.63 and a beta of 0.77. The stock’s 50 day moving average is $7.10 and its 200 day moving average is $6.39. Nomura Holdings Inc ADR has a twelve month low of $4.86 and a twelve month high of $7.59.

Nomura (NYSE:NMR) last posted its quarterly earnings results on Tuesday, July 29th. The financial services provider reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.01). The company had revenue of $3.53 billion during the quarter, compared to analysts’ expectations of $3.04 billion. Nomura had a return on equity of 10.58% and a net margin of 8.06%. On average, equities research analysts predict that Nomura Holdings Inc ADR will post 0.76 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised Nomura from a “strong sell” rating to a “hold” rating in a research report on Wednesday, September 17th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

About Nomura

Nomura Holdings, Inc provides various financial services to individuals, corporations, financial institutions, governments, and governmental agencies worldwide. It operates through three segments: Retail, Investment Management, and Wholesale. The Retail segment offers various financial products and investment consultation services.