Koninklijke Philips NV (PHG) Short Interest Update
Koninklijke Philips NV (NYSE:PHG) was the recipient of a significant decline in short interest during the month of September. As of September 15th, there was short interest totalling 1,098,675 shares, a decline of 30.7% from the August 31st total of 1,586,483 shares. Based on an average daily trading volume, of 1,259,605 shares, the days-to-cover ratio is currently 0.9 days.
A number of large investors have recently modified their holdings of the company. Hotchkis & Wiley Capital Management LLC boosted its stake in shares of Koninklijke Philips NV by 12.5% in the second quarter. Hotchkis & Wiley Capital Management LLC now owns 9,574,104 shares of the company’s stock worth $238,778,000 after buying an additional 1,067,118 shares in the last quarter. Chartwell Investment Partners LLC acquired a new stake in shares of Koninklijke Philips NV during the second quarter worth about $19,497,000. Renaissance Technologies LLC boosted its stake in shares of Koninklijke Philips NV by 987.0% in the first quarter. Renaissance Technologies LLC now owns 646,824 shares of the company’s stock worth $18,467,000 after buying an additional 587,319 shares in the last quarter. NWQ Investment Management Company LLC boosted its stake in shares of Koninklijke Philips NV by 19.5% in the first quarter. NWQ Investment Management Company LLC now owns 3,438,480 shares of the company’s stock worth $98,169,000 after buying an additional 560,665 shares in the last quarter. Finally, Johnston Asset Management LLC boosted its stake in shares of Koninklijke Philips NV by 1,536.6% in the second quarter. Johnston Asset Management LLC now owns 472,530 shares of the company’s stock worth $11,785,000 after buying an additional 443,657 shares in the last quarter. Hedge funds and other institutional investors own 6.61% of the company’s stock.
Several analysts recently weighed in on PHG shares. Zacks Investment Research raised Koninklijke Philips NV from a “hold” rating to a “buy” rating and set a $32.00 price objective for the company in a report on Monday, September 12th. TheStreet raised Koninklijke Philips NV from a “hold” rating to a “buy” rating in a report on Wednesday, August 24th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the stock. Koninklijke Philips NV presently has an average rating of “Buy” and an average target price of $32.00.
Koninklijke Philips NV (NYSE:PHG) opened at 29.75 on Friday. The firm has a 50-day moving average price of $29.17 and a 200-day moving average price of $27.23. Koninklijke Philips NV has a 52 week low of $23.00 and a 52 week high of $30.09. The firm has a market capitalization of $27.59 billion, a P/E ratio of 33.81 and a beta of 1.43.
Koninklijke Philips NV (NYSE:PHG) last issued its quarterly earnings data on Monday, July 25th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.20. The firm earned $5.86 billion during the quarter, compared to analysts’ expectations of $5.91 billion. Koninklijke Philips NV had a net margin of 3.01% and a return on equity of 2.93%. Koninklijke Philips NV’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.30 earnings per share. Equities analysts forecast that Koninklijke Philips NV will post $1.57 EPS for the current year.
About Koninklijke Philips NV
Koninklijke Philips N.V. is a health and well-being company. The Company operates through three segments: Healthcare, Consumer Lifestyle and Lighting. Its Healthcare segment consists of imaging systems, healthcare informatics, services and solutions, patient care and monitoring solutions, and customer services.
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