GAMMA Investing LLC Takes $146,000 Position in Koninklijke Philips (NYSE:PHG)

GAMMA Investing LLC bought a new stake in Koninklijke Philips (NYSE:PHG) during the fourth quarter, HoldingsChannel.com reports. The fund bought 6,265 shares of the technology company’s stock, valued at approximately $146,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Brandywine Global Investment Management LLC bought a new position in Koninklijke Philips in the 3rd quarter valued at about $36,544,000. Envestnet Asset Management Inc. raised its holdings in Koninklijke Philips by 29.4% in the 3rd quarter. Envestnet Asset Management Inc. now owns 1,447,942 shares of the technology company’s stock valued at $28,872,000 after acquiring an additional 328,922 shares during the period. Employees Retirement System of Texas bought a new position in Koninklijke Philips in the 3rd quarter valued at about $4,323,000. FMR LLC raised its holdings in Koninklijke Philips by 1.7% in the 3rd quarter. FMR LLC now owns 9,516,906 shares of the technology company’s stock valued at $189,767,000 after acquiring an additional 155,055 shares during the period. Finally, Barclays PLC bought a new position in Koninklijke Philips in the 3rd quarter valued at about $2,310,000. 13.67% of the stock is owned by institutional investors.

Koninklijke Philips Trading Up 1.7 %

Shares of NYSE:PHG opened at $21.07 on Friday. The company’s 50 day moving average price is $20.43 and its two-hundred day moving average price is $20.92. Koninklijke Philips has a 12-month low of $17.75 and a 12-month high of $24.27. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.78 and a current ratio of 1.20.

Koninklijke Philips (NYSE:PHG) last announced its earnings results on Monday, January 29th. The technology company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.03. The firm had revenue of $5.45 billion for the quarter, compared to analyst estimates of $5.47 billion. Koninklijke Philips had a negative net margin of 2.53% and a positive return on equity of 14.17%. As a group, sell-side analysts predict that Koninklijke Philips will post 1.53 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. StockNews.com upgraded shares of Koninklijke Philips from a “buy” rating to a “strong-buy” rating in a research report on Thursday, February 8th. BNP Paribas lowered shares of Koninklijke Philips from an “outperform” rating to an “underperform” rating in a research report on Wednesday, February 7th.

Koninklijke Philips Company 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.