PNC Financial Services Group Inc. Reduces Holdings in Roche Holding AG (OTCMKTS:RHHBY)

PNC Financial Services Group Inc. trimmed its stake in Roche Holding AG (OTCMKTS:RHHBY) by 5.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,934 shares of the company’s stock after selling 993 shares during the period. PNC Financial Services Group Inc.’s holdings in Roche were worth $614,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Wetzel Investment Advisors Inc. purchased a new position in Roche during the 4th quarter valued at about $53,000. First Horizon Advisors Inc. lifted its position in Roche by 19.8% during the 4th quarter. First Horizon Advisors Inc. now owns 2,066 shares of the company’s stock valued at $75,000 after acquiring an additional 342 shares during the period. GAMMA Investing LLC purchased a new position in Roche during the 4th quarter valued at about $146,000. Waldron Private Wealth LLC purchased a new position in Roche during the 4th quarter valued at about $294,000. Finally, Forte Capital LLC ADV purchased a new position in Roche during the 4th quarter valued at about $323,000.

Analyst Upgrades and Downgrades

RHHBY has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft raised shares of Roche from a “sell” rating to a “hold” rating in a research report on Friday, May 17th. Argus restated a “hold” rating on shares of Roche in a research note on Monday, March 4th. Finally, The Goldman Sachs Group started coverage on shares of Roche in a research note on Thursday, May 30th. They set a “sell” rating for the company. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, Roche currently has an average rating of “Hold” and an average price target of $40.00.

Roche Stock Down 2.6 %

OTCMKTS:RHHBY opened at $34.66 on Thursday. The firm has a 50-day simple moving average of $32.07 and a two-hundred day simple moving average of $33.21. Roche Holding AG has a fifty-two week low of $29.20 and a fifty-two week high of $40.15. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.04 and a current ratio of 1.35.

Roche Profile

Roche Holding AG engages in the pharmaceuticals and diagnostics businesses in Europe, North America, Latin America, Asia, Africa, Australia, and Oceania. The company offers pharmaceutical products in the therapeutic areas of anemia, blood and solid tumors, dermatology, hemophilia, inflammatory and autoimmune, neurological disorders, ophthalmology, respiratory disorders, and transplantation.