Nomura Holdings Inc ADR (NYSE:NMR) Sees Large Decrease in Short Interest

Nomura Holdings Inc ADR (NYSE:NMR) was the target of a large drop in short interest during the month of October. As of October 15th, there was short interest totaling 1,065,527 shares, a drop of 38.9% from the September 30th total of 1,742,567 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 710,730 shares, the short-interest ratio is currently 1.5 days.

Nomura Price Performance

Shares of Nomura stock traded down $0.07 during midday trading on Tuesday, hitting $9.51. 599,480 shares of the company traded hands, compared to its average volume of 1,353,084. Nomura has a 12 month low of $6.88 and a 12 month high of $10.94. The firm’s fifty day moving average price is $9.84 and its 200-day moving average price is $9.02. The company has a debt-to-equity ratio of 8.06, a quick ratio of 2.00 and a current ratio of 2.00. The stock has a market cap of $27.89 billion, a price-to-earnings ratio of 11.05, a PEG ratio of 1.01 and a beta of 0.74.

Nomura (NYSE:NMR) last issued its earnings results on Thursday, October 29th. The financial services provider reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.02. The business had revenue of $3.86 billion during the quarter, compared to analyst estimates of $4.12 billion. Nomura had a return on equity of 10.47% and a net margin of 8.06%. As a group, sell-side analysts forecast that Nomura will post 1.00 earnings per share for the current year.

Institutional Investors Weigh In On Nomura

A number of large investors have recently made changes to their positions in the company. Quantinno Capital Management LP grew its holdings in Nomura by 18.4% during the 1st quarter. Quantinno Capital Management LP now owns 2,547,208 shares of the financial services provider’s stock valued at $20,097,000 after buying an additional 395,656 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Nomura by 27.0% during the 1st quarter. Renaissance Technologies LLC now owns 2,312,237 shares of the financial services provider’s stock valued at $18,244,000 after purchasing an additional 491,400 shares during the last quarter. Gradient Investments LLC grew its stake in shares of Nomura by 7.4% during the second quarter. Gradient Investments LLC now owns 638,711 shares of the financial services provider’s stock worth $5,608,000 after acquiring an additional 43,849 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its stake in shares of Nomura by 7.7% in the first quarter. Arrowstreet Capital Limited Partnership now owns 523,616 shares of the financial services provider’s stock worth $4,131,000 after purchasing an additional 37,399 shares during the last quarter. Finally, Quadrant Capital Group LLC lifted its position in shares of Nomura by 1.9% during the 3rd quarter. Quadrant Capital Group LLC now owns 293,827 shares of the financial services provider’s stock valued at $2,815,000 after buying an additional 5,389 shares in the last quarter. 15.14% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have weighed in on NMR. Zacks Research raised Nomura from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 29th. Weiss Ratings cut shares of Nomura from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, October 23rd. Finally, Wall Street Zen cut shares of Nomura from a “buy” rating to a “hold” rating in a research note on Saturday. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $10.20.

Nomura Company Profile

Nomura Holdings, Inc is a Japan-based financial services group that provides investment, financing, and asset management services to individuals, corporations, financial institutions, and governments. Through its businesses, the company offers securities brokerage, investment banking, capital markets, research, advisory services, wealth management, and investment management.

Nomura’s principal operations are organized around its wealth management, investment management, and wholesale divisions.