Castleark Management LLC Has $1.32 Million Holdings in HDFC Bank Limited (NYSE:HDB)

Castleark Management LLC cut its holdings in shares of HDFC Bank Limited (NYSE:HDB) by 11.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,640 shares of the bank’s stock after selling 2,750 shares during the period. Castleark Management LLC’s holdings in HDFC Bank were worth $1,318,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of HDB. Waverton Investment Management Ltd grew its holdings in shares of HDFC Bank by 1.0% during the fourth quarter. Waverton Investment Management Ltd now owns 19,963 shares of the bank’s stock worth $1,275,000 after purchasing an additional 203 shares during the last quarter. Brown Brothers Harriman & Co. grew its holdings in HDFC Bank by 63.7% during the 4th quarter. Brown Brothers Harriman & Co. now owns 617 shares of the bank’s stock worth $39,000 after acquiring an additional 240 shares during the last quarter. Level Four Advisory Services LLC increased its position in HDFC Bank by 3.6% in the 4th quarter. Level Four Advisory Services LLC now owns 6,855 shares of the bank’s stock valued at $438,000 after acquiring an additional 241 shares in the last quarter. Baron Wealth Management LLC increased its position in HDFC Bank by 3.7% in the 4th quarter. Baron Wealth Management LLC now owns 7,360 shares of the bank’s stock valued at $470,000 after acquiring an additional 263 shares in the last quarter. Finally, Principal Securities Inc. raised its stake in shares of HDFC Bank by 13.0% in the fourth quarter. Principal Securities Inc. now owns 2,305 shares of the bank’s stock worth $147,000 after acquiring an additional 265 shares during the last quarter. 17.61% of the stock is owned by institutional investors and hedge funds.

HDFC Bank Stock Performance

HDFC Bank stock opened at $72.98 on Thursday. The company has a market cap of $184.81 billion, a PE ratio of 22.18, a PEG ratio of 2.12 and a beta of 0.63. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 1.26. HDFC Bank Limited has a 1 year low of $55.00 and a 1 year high of $75.37. The company’s 50-day moving average is $69.03 and its two-hundred day moving average is $64.66.

HDFC Bank (NYSE:HDB) last posted its quarterly earnings results on Saturday, April 19th. The bank reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.11. HDFC Bank had a net margin of 14.64% and a return on equity of 12.19%. The business had revenue of $5.04 billion during the quarter, compared to the consensus estimate of $434.68 billion. Equities analysts anticipate that HDFC Bank Limited will post 3.03 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have recently commented on the stock. StockNews.com raised shares of HDFC Bank from a “sell” rating to a “hold” rating in a research note on Wednesday, May 14th. Nomura upgraded HDFC Bank from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. Finally, Nomura Securities upgraded HDFC Bank from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 23rd.

HDFC Bank Company Profile

HDFC Bank Limited provides banking and financial services to individuals and businesses in India, Bahrain, Hong Kong, and Dubai. The company operates in three segments: Wholesale Banking, Retail Banking, and Treasury Services. It accepts savings, salary, current, rural, public provident fund, pension, and demat accounts; fixed and recurring deposits; and safe deposit lockers, as well as offshore accounts and deposits, and overdrafts against fixed deposits.