Koninklijke Philips N.V. (NYSE:PHG) Short Interest Update

Koninklijke Philips N.V. (NYSE:PHG) saw a large growth in short interest in December. As of December 15th, there was short interest totaling 2,537,427 shares, a growth of 51.1% from the November 30th total of 1,679,430 shares. Based on an average daily trading volume, of 743,575 shares, the days-to-cover ratio is currently 3.4 days. Approximately 0.3% of the shares of the company are short sold. Approximately 0.3% of the shares of the company are short sold. Based on an average daily trading volume, of 743,575 shares, the days-to-cover ratio is currently 3.4 days.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. First Affirmative Financial Network raised its stake in Koninklijke Philips by 5.1% during the 3rd quarter. First Affirmative Financial Network now owns 11,418 shares of the technology company’s stock worth $311,000 after acquiring an additional 550 shares during the period. Coldstream Capital Management Inc. bought a new stake in shares of Koninklijke Philips during the 3rd quarter valued at $401,000. Morningstar Investment Management LLC bought a new stake in shares of Koninklijke Philips during the 3rd quarter valued at $5,434,000. XTX Topco Ltd raised its holdings in Koninklijke Philips by 6.2% during the third quarter. XTX Topco Ltd now owns 31,246 shares of the technology company’s stock valued at $852,000 after acquiring an additional 1,825 shares during the period. Finally, United Capital Financial Advisors LLC purchased a new position in shares of Koninklijke Philips in the third quarter valued at about $213,000. 13.67% of the stock is currently owned by institutional investors.

Koninklijke Philips Stock Performance

PHG stock traded up $0.13 during midday trading on Monday, reaching $27.24. 245,575 shares of the company’s stock traded hands, compared to its average volume of 893,693. The company has a current ratio of 1.32, a quick ratio of 0.86 and a debt-to-equity ratio of 0.68. Koninklijke Philips has a 52-week low of $21.48 and a 52-week high of $29.54. The stock has a market cap of $26.23 billion, a P/E ratio of 136.21, a PEG ratio of 0.72 and a beta of 0.79. The stock’s 50-day moving average is $27.63 and its 200 day moving average is $26.76.

Koninklijke Philips (NYSE:PHG) last issued its quarterly earnings data on Tuesday, November 4th. The technology company reported $0.37 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.37. Koninklijke Philips had a net margin of 1.07% and a return on equity of 12.14%. The firm had revenue of $5.05 billion during the quarter, compared to the consensus estimate of $4.30 billion. As a group, analysts anticipate that Koninklijke Philips will post 1.63 EPS for the current year.

Analyst Ratings Changes

Several research firms have issued reports on PHG. Royal Bank Of Canada assumed coverage on shares of Koninklijke Philips in a research note on Wednesday, December 17th. They set a “sector perform” rating on the stock. Sanford C. Bernstein upgraded shares of Koninklijke Philips to a “hold” rating in a research report on Wednesday, December 17th. Weiss Ratings downgraded shares of Koninklijke Philips from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, December 22nd. Finally, Wall Street Zen lowered shares of Koninklijke Philips from a “buy” rating to a “hold” rating in a research note on Saturday, December 20th. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold”.

Koninklijke Philips Company Profile

Koninklijke Philips N.V. (NYSE: PHG), commonly known as Philips, is a Dutch multinational company focused on health technology. Founded in Eindhoven in 1891, the company evolved from a diversified electronics manufacturer into a specialist in healthcare products, systems and services. Philips is legally registered in the Netherlands and operates globally, supplying equipment and solutions to hospitals, clinics, healthcare providers and consumers across Europe, the Americas and Asia.

Philips’ principal activities center on medical technologies and personal health.