Diametric Capital LP Acquires Shares of 2,774 RH (NYSE:RH)

Diametric Capital LP bought a new position in shares of RH (NYSE:RH) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 2,774 shares of the company’s stock, valued at approximately $1,092,000. RH makes up about 0.7% of Diametric Capital LP’s holdings, making the stock its 28th biggest holding.

Several other hedge funds and other institutional investors have also modified their holdings of RH. B. Metzler seel. Sohn & Co. AG acquired a new stake in RH during the fourth quarter worth approximately $2,865,000. Alliancebernstein L.P. lifted its holdings in RH by 1,960.8% during the 4th quarter. Alliancebernstein L.P. now owns 363,698 shares of the company’s stock worth $143,148,000 after purchasing an additional 346,050 shares during the last quarter. Wellington Management Group LLP boosted its stake in RH by 14.0% in the 4th quarter. Wellington Management Group LLP now owns 44,880 shares of the company’s stock valued at $17,664,000 after purchasing an additional 5,506 shares during the period. O Shaughnessy Asset Management LLC acquired a new position in RH in the 4th quarter valued at $211,000. Finally, California Public Employees Retirement System increased its position in RH by 20.9% during the 4th quarter. California Public Employees Retirement System now owns 23,296 shares of the company’s stock worth $9,169,000 after buying an additional 4,031 shares during the period. Institutional investors own 90.17% of the company’s stock.

RH Stock Down 0.8 %

RH stock opened at $234.40 on Tuesday. The stock has a market cap of $4.36 billion, a PE ratio of 67.36, a P/E/G ratio of 2.65 and a beta of 2.50. RH has a 12-month low of $212.04 and a 12-month high of $457.26. The business’s 50-day moving average price is $331.40 and its two-hundred day moving average price is $352.21.

Insider Activity

In other news, insider Eri Chaya sold 25,000 shares of the business’s stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $426.41, for a total transaction of $10,660,250.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Keith Belling sold 500 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $417.85, for a total transaction of $208,925.00. Following the completion of the transaction, the director now owns 4,970 shares of the company’s stock, valued at approximately $2,076,714.50. This trade represents a 9.14 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 66,380 shares of company stock worth $28,922,379. Corporate insiders own 28.10% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on RH. Morgan Stanley upgraded shares of RH from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $435.00 to $530.00 in a research note on Monday, January 13th. UBS Group decreased their target price on shares of RH from $440.00 to $250.00 and set a “neutral” rating on the stock in a research report on Friday, March 21st. Barclays upgraded shares of RH from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $383.00 to $515.00 in a research report on Wednesday, January 8th. Loop Capital increased their price target on RH from $320.00 to $450.00 and gave the stock a “hold” rating in a research report on Monday, December 16th. Finally, Bank of America dropped their price objective on RH from $510.00 to $410.00 and set a “buy” rating for the company in a report on Wednesday, March 26th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $400.13.

About RH

RH, together with its subsidiaries, operates as a retailer in the home furnishings market. The company offers products in various categories, including furniture, lighting, textiles, bathware, décor, outdoor and garden, baby, child, and teen furnishings. It provides its products through rh.com, rhbabyandchild.com, rhteen.com, rhmodern.com, and waterworks.com online channels, as well as operates RH Galleries, RH outlet stores, RH Guesthouse, and Waterworks showrooms in the United States, Canada, the United Kingdom, and Germany.