Today The Hikari Power Ltd Has $7,262,000 Stake in Roche Holding Ltd. (RHHBY)

Today The Hikari Power Ltd Has $7,262,000 Stake in Roche Holding Ltd. (RHHBY)

Hikari Power Ltd boosted its position in shares of Roche Holding Ltd. (NASDAQ:RHHBY) by 23.8% during the third quarter, Holdings Channel reports. The institutional investor owned 234,500 shares of the company’s stock after buying an additional 45,100 shares during the period. Hikari Power Ltd’s holdings in Roche Holding were worth $7,262,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Quadrant Capital Group LLC boosted its stake in shares of Roche Holding by 12.6% in the third quarter. Quadrant Capital Group LLC now owns 11,689 shares of the company’s stock worth $354,000 after buying an additional 1,312 shares in the last quarter. Eqis Capital Management Inc. boosted its stake in shares of Roche Holding by 4.1% in the third quarter. Eqis Capital Management Inc. now owns 11,650 shares of the company’s stock worth $361,000 after buying an additional 464 shares in the last quarter. New England Research & Management Inc. purchased a new stake in shares of Roche Holding during the third quarter worth about $503,000. Genesee Valley Trust Co. boosted its stake in shares of Roche Holding by 1.6% in the third quarter. Genesee Valley Trust Co. now owns 16,891 shares of the company’s stock worth $525,000 after buying an additional 271 shares in the last quarter. Finally, Sterling Capital Management LLC boosted its stake in shares of Roche Holding by 19.1% in the second quarter. Sterling Capital Management LLC now owns 19,085 shares of the company’s stock worth $627,000 after buying an additional 3,056 shares in the last quarter.

Shares of Roche Holding Ltd. (NASDAQ:RHHBY) traded up 0.81% during midday trading on Wednesday, hitting $29.29. The stock had a trading volume of 263,352 shares. The firm has a market cap of $199.68 billion and a price-to-earnings ratio of 22.50. Roche Holding Ltd. has a 12 month low of $25.25 and a 12 month high of $33.77. The stock’s 50 day moving average price is $28.59 and its 200 day moving average price is $30.08.

Several brokerages have recently weighed in on RHHBY. Sanford C. Bernstein reiterated an “overweight” rating on shares of Roche Holding in a research report on Wednesday, December 7th. Zacks Investment Research cut Roche Holding from a “hold” rating to a “strong sell” rating in a research report on Monday, October 17th.

About Roche Holding

Roche Holding AG is a research-based healthcare company. The Company develops, manufactures and delivers medicines, and diagnostic instruments and tests. Its operating businesses are organized into two divisions: Pharmaceuticals and Diagnostics. Its Pharmaceuticals division consists of two business segments: Roche Pharmaceuticals and Chugai.

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