Deutsche Bank AG reduced its position in Nam Tai Electronics, Inc. (NYSE:NTP) by 34.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 66,836 shares of the electronics maker’s stock after selling 34,945 shares during the quarter. Deutsche Bank AG owned about 0.18% of Nam Tai Electronics worth $838,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of NTP. California Public Employees Retirement System boosted its holdings in shares of Nam Tai Electronics by 14.6% in the fourth quarter. California Public Employees Retirement System now owns 236,029 shares of the electronics maker’s stock valued at $2,962,000 after acquiring an additional 30,013 shares during the period. BlackRock Inc. lifted its holdings in shares of Nam Tai Electronics by 2,935.2% during the fourth quarter. BlackRock Inc. now owns 122,378 shares of the electronics maker’s stock worth $1,535,000 after purchasing an additional 118,346 shares during the period. Finally, Citadel Advisors LLC acquired a new stake in shares of Nam Tai Electronics during the fourth quarter worth $139,000. 26.56% of the stock is owned by institutional investors and hedge funds.
Shares of Nam Tai Electronics opened at $12.10 on Friday, according to Marketbeat.com. Nam Tai Electronics, Inc. has a 1-year low of $12.10 and a 1-year high of $12.10. The firm has a market cap of $442.83 million, a P/E ratio of 45.00 and a beta of 0.43.
Nam Tai Electronics Company Profile
Nam Tai Property Inc operates as a property development and management company in the People's Republic of China. It focuses on developing two parcels of land into commercial complexes in Gushu and Guangming, Shenzhen, as well as renting commercial complexes. 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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