QCI Asset Management Inc. NY Holds Position in Roche Holding Ltd. (RHHBY)
QCI Asset Management Inc. NY continued to hold its stake in Roche Holding Ltd. (NASDAQ:RHHBY) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,400 shares of the company’s stock at the end of the second quarter. QCI Asset Management Inc. NY’s holdings in Roche Holding were worth $108,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. Edmp Inc. acquired a new stake in Roche Holding during the second quarter worth about $207,000. Delaney Dennis R raised its stake in Roche Holding by 1.8% in the first quarter. Delaney Dennis R now owns 7,625 shares of the company’s stock worth $244,000 after buying an additional 135 shares during the period. Elefante Mark B raised its stake in Roche Holding by 9.9% in the second quarter. Elefante Mark B now owns 11,135 shares of the company’s stock worth $355,000 after buying an additional 1,000 shares during the period. Moloney Securities Asset Management LLC raised its stake in Roche Holding by 26.4% in the second quarter. Moloney Securities Asset Management LLC now owns 12,084 shares of the company’s stock worth $385,000 after buying an additional 2,524 shares during the period. Finally, Fayerweather Charles raised its stake in Roche Holding by 2.8% in the first quarter. Fayerweather Charles now owns 15,539 shares of the company’s stock worth $497,000 after buying an additional 425 shares during the period.
Shares of Roche Holding Ltd. (RHHBY) opened at 31.65 on Tuesday. The firm has a 50 day moving average price of $31.64 and a 200-day moving average price of $32.09. The company has a market cap of $216.05 billion and a P/E ratio of 21.67. Roche Holding Ltd. has a 12 month low of $25.25 and a 12 month high of $36.82.
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RHHBY has been the topic of a number of research analyst reports. Cowen and Company set a $38.00 target price on Roche Holding and gave the company a “buy” rating in a report on Monday, July 10th. Morgan Stanley reiterated an “equal weight” rating on shares of Roche Holding in a research report on Wednesday, July 26th. Zacks Investment Research downgraded Roche Holding from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 9th. Societe Generale downgraded Roche Holding from a “buy” rating to a “hold” rating in a research report on Friday, June 30th. Finally, Deutsche Bank AG downgraded Roche Holding from a “buy” rating to a “hold” rating in a research report on Friday, July 7th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $37.00.
Roche Holding Company Profile
Roche Holding AG (Roche) is a research-based healthcare company. The Company’s operating businesses are organized into two divisions: Pharmaceuticals and Diagnostics. The Pharmaceuticals Division consists of two business segments: Roche Pharmaceuticals and Chugai. The Diagnostics Division consists of four business areas: Diabetes Care, Molecular Diagnostics, Professional Diagnostics and Tissue Diagnostics.
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