Canal Insurance CO acquired a new position in shares of Roche Holding Ltd. (NASDAQ:RHHBY) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 30,000 shares of the company’s stock, valued at approximately $954,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Edmp Inc. bought a new position in shares of Roche Holding during the second quarter worth about $207,000. Mechanics Bank Trust Department bought a new position in shares of Roche Holding during the first quarter worth about $217,000. Delaney Dennis R boosted its position in shares of 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 last quarter. Moloney Securities Asset Management LLC boosted its position in shares of 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 last quarter. Finally, Elefante Mark B boosted its position in shares of Roche Holding by 9.9% in the second quarter. Elefante Mark B now owns 11,135 shares of the company’s stock worth $355,000 after buying an additional 1,000 shares during the last quarter.
Shares of Roche Holding Ltd. (RHHBY) opened at 31.23 on Friday. The firm has a 50 day moving average price of $31.68 and a 200-day moving average price of $32.03. The company has a market cap of $213.18 billion and a price-to-earnings ratio of 21.38. Roche Holding Ltd. has a 12-month low of $25.25 and a 12-month high of $36.82.
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A number of analysts have commented on the company. UBS AG lowered Roche Holding from a “buy” rating to a “neutral” rating in a report on Thursday, July 6th. Cowen and Company set a $38.00 target price on Roche Holding and gave the stock a “buy” rating in a report on Monday, August 14th. Societe Generale lowered Roche Holding from a “buy” rating to a “hold” rating in a report on Friday, June 30th. Morgan Stanley reissued an “equal weight” rating on shares of Roche Holding in a report on Wednesday, July 26th. Finally, BNP Paribas reissued a “neutral” rating on shares of Roche Holding in a report on Tuesday, June 20th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price 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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