Koninklijke Philips (NYSE:PHG) Shares Sold by Pzena Investment Management LLC

Pzena Investment Management LLC decreased its holdings in Koninklijke Philips (NYSE:PHG) by 5.3% in the third quarter, Holdings Channel reports. The fund owned 13,013 shares of the technology company’s stock after selling 724 shares during the period. Pzena Investment Management LLC’s holdings in Koninklijke Philips were worth $426,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Allspring Global Investments Holdings LLC acquired a new stake in shares of Koninklijke Philips in the 1st quarter worth $40,000. O Shaughnessy Asset Management LLC purchased a new position in Koninklijke Philips during the first quarter worth about $271,000. 1832 Asset Management L.P. grew its stake in shares of Koninklijke Philips by 42.6% in the 1st quarter. 1832 Asset Management L.P. now owns 5,945 shares of the technology company’s stock valued at $119,000 after buying an additional 1,777 shares during the period. Price T Rowe Associates Inc. MD raised its position in shares of Koninklijke Philips by 3.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 165,089 shares of the technology company’s stock valued at $3,302,000 after buying an additional 5,951 shares during the period. Finally, London & Capital Asset Management Ltd lifted its holdings in Koninklijke Philips by 12.1% in the first quarter. London & Capital Asset Management Ltd now owns 581,993 shares of the technology company’s stock valued at $11,640,000 after acquiring an additional 62,656 shares during the last quarter. 13.67% of the stock is owned by hedge funds and other institutional investors.

Koninklijke Philips Price Performance

Shares of Koninklijke Philips stock opened at $26.31 on Thursday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.74 and a current ratio of 1.16. The business has a 50-day moving average of $29.81 and a 200 day moving average of $28.27. Koninklijke Philips has a 12 month low of $19.49 and a 12 month high of $32.91.

Analyst Ratings Changes

Several research firms have issued reports on PHG. Jefferies Financial Group raised Koninklijke Philips from an “underperform” rating to a “hold” rating in a research note on Tuesday, October 29th. StockNews.com lowered shares of Koninklijke Philips from a “buy” rating to a “hold” rating in a report on Thursday, November 14th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Koninklijke Philips has a consensus rating of “Hold”.

About Koninklijke Philips

Koninklijke Philips N.V. operates as a health technology company in North America, the Greater China, and internationally. The company operates through Diagnosis & Treatment Businesses, Connected Care Businesses, and Personal Health Businesses segments. It also provides diagnostic imaging solutions, includes magnetic resonance imaging, X-ray systems, and computed tomography (CT) systems and software comprising detector-based spectral CT solutions, as well as molecular and hybrid imaging solutions for nuclear medicine; echography solutions focused on diagnosis, treatment planning and guidance for cardiology, general imaging, obstetrics/gynecology, and point-of-care applications; integrated interventional systems, and interventional diagnostic and therapeutic devices to treat coronary artery and peripheral vascular disease.