Atria Investments Inc Sells 11,613 Shares of Koninklijke Philips (NYSE:PHG)

Atria Investments Inc reduced its stake in shares of Koninklijke Philips (NYSE:PHG) by 38.9% in the third quarter, Holdings Channel reports. The fund owned 18,268 shares of the technology company’s stock after selling 11,613 shares during the quarter. Atria Investments Inc’s holdings in Koninklijke Philips were worth $598,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of PHG. Millennium Management LLC grew its position in shares of Koninklijke Philips by 822.0% during the 2nd quarter. Millennium Management LLC now owns 1,120,521 shares of the technology company’s stock valued at $28,237,000 after acquiring an additional 998,995 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Koninklijke Philips by 27.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,036,336 shares of the technology company’s stock valued at $101,718,000 after acquiring an additional 864,951 shares during the period. Jane Street Group LLC grew its position in shares of Koninklijke Philips by 361.7% during the 1st quarter. Jane Street Group LLC now owns 629,136 shares of the technology company’s stock valued at $12,583,000 after acquiring an additional 492,881 shares during the period. Bar Harbor Wealth Management bought a new position in shares of Koninklijke Philips during the 3rd quarter valued at approximately $9,877,000. Finally, Summit Securities Group LLC grew its position in shares of Koninklijke Philips by 195.3% during the 2nd quarter. Summit Securities Group LLC now owns 210,474 shares of the technology company’s stock valued at $5,304,000 after acquiring an additional 139,193 shares during the period. 13.67% of the stock is owned by institutional investors.

Koninklijke Philips Stock Performance

NYSE PHG opened at $25.97 on Wednesday. Koninklijke Philips has a 1 year low of $19.49 and a 1 year high of $32.91. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.16 and a quick ratio of 0.74. The stock has a market capitalization of $24.41 billion, a PE ratio of -61.83, a P/E/G ratio of 0.91 and a beta of 0.77. The company’s 50 day simple moving average is $29.90 and its two-hundred day simple moving average is $28.28.

Analyst Ratings Changes

A number of analysts recently commented on PHG shares. Jefferies Financial Group upgraded shares of Koninklijke Philips from an “underperform” rating to a “hold” rating in a research note on Tuesday, October 29th. StockNews.com cut shares of Koninklijke Philips from a “buy” rating to a “hold” rating in a research note on Thursday, November 14th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average 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.