Atria Investments Inc Has $598,000 Stock Position in Koninklijke Philips (NYSE:PHG)

Atria Investments Inc lowered its stake in shares of Koninklijke Philips (NYSE:PHG) by 38.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 18,268 shares of the technology company’s stock after selling 11,613 shares during the period. Atria Investments Inc’s holdings in Koninklijke Philips were worth $598,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in PHG. Allspring Global Investments Holdings LLC bought a new stake in shares of Koninklijke Philips during the first quarter worth about $40,000. Fairscale Capital LLC bought a new stake in shares of Koninklijke Philips during the second quarter worth about $54,000. Eastern Bank bought a new stake in shares of Koninklijke Philips during the third quarter worth about $88,000. CWM LLC increased its position in shares of Koninklijke Philips by 21.9% during the second quarter. CWM LLC now owns 3,429 shares of the technology company’s stock worth $86,000 after acquiring an additional 616 shares in the last quarter. Finally, Blue Trust Inc. increased its position in shares of Koninklijke Philips by 902.7% during the second quarter. Blue Trust Inc. now owns 3,700 shares of the technology company’s stock worth $93,000 after acquiring an additional 3,331 shares in the last quarter. Institutional investors and hedge funds own 13.67% of the company’s stock.

Koninklijke Philips Trading Up 0.1 %

Shares of PHG stock opened at $25.97 on Wednesday. Koninklijke Philips has a 52-week low of $19.49 and a 52-week high of $32.91. 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 company has a 50-day simple moving average of $29.90 and a two-hundred day simple moving average of $28.28. The company has a market capitalization of $24.41 billion, a price-to-earnings ratio of -61.83, a PEG ratio of 0.91 and a beta of 0.77.

Analyst Ratings Changes

Several equities research analysts have recently commented on PHG shares. StockNews.com downgraded shares of Koninklijke Philips from a “buy” rating to a “hold” rating in a research report on Thursday, November 14th. Jefferies Financial Group raised shares of Koninklijke Philips from an “underperform” rating to a “hold” rating in a research report on Tuesday, October 29th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Koninklijke Philips Profile

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.