Yiheng Capital LLC Buys 51,529 Shares of Noah Holdings Limited (NOAH)

Yiheng Capital LLC increased its position in Noah Holdings Limited (NYSE:NOAH) by 4.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,308,953 shares of the asset manager’s stock after buying an additional 51,529 shares during the period. Noah Holdings Limited comprises approximately 13.9% of Yiheng Capital LLC’s holdings, making the stock its 3rd largest position. Yiheng Capital LLC owned 2.32% of Noah Holdings Limited worth $33,221,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the company. Neuberger Berman Group LLC bought a new stake in Noah Holdings Limited during the first quarter worth approximately $200,000. Vanguard Group Inc. bought a new stake in Noah Holdings Limited during the first quarter worth approximately $228,000. Granite Point Capital Management L.P. bought a new stake in Noah Holdings Limited during the first quarter worth approximately $381,000. Shell Asset Management Co. boosted its stake in Noah Holdings Limited by 2.1% in the first quarter. Shell Asset Management Co. now owns 20,014 shares of the asset manager’s stock worth $508,000 after buying an additional 420 shares in the last quarter. Finally, Prescott Group Capital Management L.L.C. bought a new stake in Noah Holdings Limited during the first quarter worth approximately $533,000. 42.45% of the stock is owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Noah Holdings Limited (NYSE:NOAH)

Shares of Noah Holdings Limited (NYSE NOAH) traded up 3.63% during mid-day trading on Monday, reaching $27.70. 232,607 shares of the company traded hands. The stock’s 50-day moving average is $26.70 and its 200-day moving average is $25.21. Noah Holdings Limited has a 52 week low of $21.33 and a 52 week high of $29.73. The company has a market capitalization of $1.56 billion, a P/E ratio of 16.74 and a beta of 2.24.

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Several brokerages recently issued reports on NOAH. Zacks Investment Research cut shares of Noah Holdings Limited from a “buy” rating to a “hold” rating in a research note on Saturday, June 10th. BidaskClub cut shares of Noah Holdings Limited from a “buy” rating to a “hold” rating in a research note on Friday. Finally, ValuEngine cut shares of Noah Holdings Limited from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd.

About Noah Holdings Limited

Noah Holdings Limited is a wealth management service provider with a focus on global wealth investment and asset allocation services for high net worth individuals and enterprises in China. The Company operates through three segments: wealth management, asset management and Internet finance. It also provides Internet finance services to clients in China.

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