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Broderick Brian C Increases Stake in Roche Holding Ltd. (RHHBY)

Broderick Brian C boosted its position in Roche Holding Ltd. (NASDAQ:RHHBY) by 3.6% during the second quarter, Holdings Channel reports. The firm owned 161,907 shares of the company’s stock after buying an additional 5,593 shares during the period. Roche Holding comprises 1.9% of Broderick Brian C’s holdings, making the stock its 22nd largest position. Broderick Brian C’s holdings in Roche Holding were worth $5,149,000 at the end of the most recent quarter.

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A number of other institutional investors have also recently bought and sold shares of the company. Rothschild Investment Corp IL increased its position in Roche Holding by 0.7% in the first quarter. Rothschild Investment Corp IL now owns 16,142 shares of the company’s stock worth $517,000 after buying an additional 113 shares during the period. Delaney Dennis R increased its position in Roche Holding by 1.8% in the first quarter. Delaney Dennis R now owns 7,625 shares of the company’s stock worth $244,000 after buying an additional 135 shares during the period. Fayerweather Charles increased its position in Roche Holding by 2.8% in the first quarter. Fayerweather Charles now owns 15,539 shares of the company’s stock worth $497,000 after buying an additional 425 shares during the period. Moloney Securities Asset Management LLC increased its position in Roche Holding by 5.9% in the first quarter. Moloney Securities Asset Management LLC now owns 9,560 shares of the company’s stock worth $305,000 after buying an additional 534 shares during the period. Finally, Jolley Asset Management LLC increased its position in Roche Holding by 1.3% in the second quarter. Jolley Asset Management LLC now owns 46,445 shares of the company’s stock worth $1,477,000 after buying an additional 600 shares during the period.

Shares of Roche Holding Ltd. (RHHBY) traded down 0.53% during trading on Monday, reaching $32.10. The company’s stock had a trading volume of 104,738 shares. The company’s 50-day moving average price is $32.21 and its 200 day moving average price is $31.73. The stock has a market capitalization of $218.78 billion and a price-to-earnings ratio of 22.22. Roche Holding Ltd. has a 1-year low of $25.25 and a 1-year high of $36.82.

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A number of equities analysts recently commented on the company. BNP Paribas reiterated a “neutral” rating on shares of Roche Holding in a research note on Tuesday, June 20th. UBS AG downgraded Roche Holding from a “buy” rating to a “neutral” rating in a research note on Thursday, July 6th. Cowen and Company set a $38.00 price target on Roche Holding and gave the stock a “buy” rating in a research note on Monday, July 10th. Societe Generale downgraded Roche Holding from a “buy” rating to a “hold” rating in a research note on Friday, June 30th. Finally, HSBC Holdings plc downgraded Roche Holding from a “hold” rating to a “reduce” rating in a research note on Friday, April 7th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $37.00.

Roche Holding Company Profile

Roche Holding AG (Roche) is a research-based healthcare company. The Company’s operating businesses are organized into two divisions: Pharmaceuticals and Diagnostics. The Pharmaceuticals Division consists of two business segments: Roche Pharmaceuticals and Chugai. The Diagnostics Division consists of four business areas: Diabetes Care, Molecular Diagnostics, Professional Diagnostics and Tissue Diagnostics.

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