15,000 Shares in Roche Holding AG $RHHBY Bought by Corient IA LLC

Key Points

• Corient IA LLC has acquired a new stake in Roche Holding AG, purchasing 15,000 shares valued at approximately $616,000 during the first quarter.
• Multiple institutional investors, including Fulton Bank N.A. and PNC Financial Services Group Inc., have recently adjusted their holdings in Roche, indicating increased interest in the stock.
• Roche's stock currently has an average rating of "Moderate Buy" according to analyst reports, following recent downgrades from HSBC from a "buy" to a "hold" rating.

Corient IA LLC purchased a new position in Roche Holding AG (OTCMKTS:RHHBY - Free Report) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 15,000 shares of the company's stock, valued at approximately $616,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Fulton Bank N.A. grew its holdings in shares of Roche by 2.6% in the 1st quarter. Fulton Bank N.A. now owns 12,620 shares of the company's stock worth $518,000 after acquiring an additional 314 shares during the period. PNC Financial Services Group Inc. grew its holdings in shares of Roche by 2.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 16,234 shares of the company's stock worth $668,000 after acquiring an additional 323 shares during the period. Confluence Investment Management LLC grew its holdings in shares of Roche by 3.6% in the 1st quarter. Confluence Investment Management LLC now owns 14,491 shares of the company's stock worth $596,000 after acquiring an additional 510 shares during the period. Accent Capital Management LLC acquired a new stake in shares of Roche in the 1st quarter worth approximately $35,000. Finally, North Star Asset Management Inc. grew its holdings in shares of Roche by 7.8% in the 1st quarter. North Star Asset Management Inc. now owns 17,305 shares of the company's stock worth $712,000 after acquiring an additional 1,255 shares during the period.

Roche Stock Performance

Shares of Roche stock traded up $0.33 during trading hours on Friday, reaching $40.78. 812,277 shares of the company's stock were exchanged, compared to its average volume of 2,288,061. Roche Holding AG has a 52-week low of $34.1030 and a 52-week high of $44.31. The company has a fifty day moving average of $40.00 and a 200-day moving average of $40.27. The company has a current ratio of 1.48, a quick ratio of 1.20 and a debt-to-equity ratio of 0.85.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on RHHBY shares. Hsbc Global Res cut Roche from a "strong-buy" rating to a "hold" rating in a report on Monday, April 28th. HSBC cut Roche from a "buy" rating to a "hold" rating in a report on Monday, April 28th. Two analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Roche presently has an average rating of "Moderate Buy".

Roche Profile

Roche Holding AG engages in the pharmaceuticals and diagnostics businesses in Europe, North America, Latin America, Asia, Africa, Australia, and Oceania. The company offers pharmaceutical products in the therapeutic areas of anemia, blood and solid tumors, dermatology, hemophilia, inflammatory and autoimmune, neurological disorders, ophthalmology, respiratory disorders, and transplantation.