Koninklijke Philips (NYSE:PHG) Sees Significant Growth in Short Interest

Koninklijke Philips (NYSE:PHG) was the recipient of a large increase in short interest in January. As of January 31st, there was short interest totalling 2,040,000 shares, an increase of 14.0% from the January 15th total of 1,790,000 shares. Based on an average trading volume of 578,600 shares, the days-to-cover ratio is presently 3.5 days.

Institutional Investors Weigh In On Koninklijke Philips

Several hedge funds and other institutional investors have recently made changes to their positions in PHG. Colonial Trust Co SC grew its holdings in Koninklijke Philips by 724.0% during the 4th quarter. Colonial Trust Co SC now owns 1,409 shares of the technology company’s stock valued at $36,000 after buying an additional 1,238 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Koninklijke Philips during the 3rd quarter valued at approximately $54,000. Farther Finance Advisors LLC lifted its position in Koninklijke Philips by 37.1% in the fourth quarter. Farther Finance Advisors LLC now owns 2,150 shares of the technology company’s stock worth $54,000 after buying an additional 582 shares during the last quarter. Whipplewood Advisors LLC bought a new stake in Koninklijke Philips in the fourth quarter worth $55,000. Finally, Millstone Evans Group LLC bought a new stake in Koninklijke Philips in the fourth quarter worth $60,000. Hedge funds and other institutional investors own 13.67% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on PHG shares. StockNews.com lowered shares of Koninklijke Philips from a “buy” rating to a “hold” rating in a research report on Thursday, November 14th. Jefferies Financial Group raised shares of Koninklijke Philips from an “underperform” rating to a “hold” rating in a report on Tuesday, October 29th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, Koninklijke Philips has an average rating of “Hold”.

Koninklijke Philips Trading Down 1.6 %

Koninklijke Philips stock traded down $0.45 during mid-day trading on Monday, reaching $28.16. 924,000 shares of the company traded hands, compared to its average volume of 602,377. The firm’s 50 day moving average price is $26.21 and its 200 day moving average price is $28.20. The firm has a market capitalization of $26.47 billion, a price-to-earnings ratio of -67.04, a P/E/G ratio of 0.90 and a beta of 0.77. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.16 and a quick ratio of 0.74. Koninklijke Philips has a 52-week low of $19.55 and a 52-week high of $32.91.

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.