Riverbridge Partners LLC Has $376,000 Stock Position in Roche Holding AG $RHHBY

Key Points

• Riverbridge Partners LLC significantly reduced its stake in Roche Holding AG, selling 28,598 shares and lowering its position by 75.6% to 9,228 shares valued at $376,000.
• Other institutional investors, including Fulton Bank N.A. and PNC Financial Services Group Inc., have recently increased their stakes in Roche, suggesting continued interest in the company.
• As of the last trading session, Roche Holding AG's stock price is at $39.96, with a 52-week range of $34.10 to $44.31, indicating some volatility in its market performance.

Riverbridge Partners LLC lowered its position in Roche Holding AG (OTCMKTS:RHHBY - Free Report) by 75.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,228 shares of the company's stock after selling 28,598 shares during the quarter. Riverbridge Partners LLC's holdings in Roche were worth $376,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in RHHBY. Fulton Bank N.A. raised its stake in Roche by 2.6% during the first quarter. Fulton Bank N.A. now owns 12,620 shares of the company's stock worth $518,000 after acquiring an additional 314 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in Roche by 2.0% in the first quarter. PNC Financial Services Group Inc. now owns 16,234 shares of the company's stock valued at $668,000 after buying an additional 323 shares during the period. Confluence Investment Management LLC boosted its position 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 purchasing an additional 510 shares during the last quarter. Accent Capital Management LLC acquired a new position in shares of Roche during the 1st quarter worth about $35,000. Finally, North Star Asset Management Inc. increased its stake in Roche by 7.8% in the first quarter. North Star Asset Management Inc. now owns 17,305 shares of the company's stock valued at $712,000 after purchasing an additional 1,255 shares in the last quarter.

Roche Price Performance

Shares of RHHBY opened at $39.96 on Friday. The stock has a 50 day simple moving average of $40.51 and a 200 day simple moving average of $40.30. The company has a current ratio of 1.48, a quick ratio of 1.20 and a debt-to-equity ratio of 0.85. Roche Holding AG has a 52-week low of $34.10 and a 52-week high of $44.31.

Roche Company 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.

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