Skba Capital Management Has Decreased Koninklijke Philips N V (PHG) Position By $2.97 Million; SERCO GROUP PLC ORDINARY SHARES (SECCF) Shorts Decreased By 1.5%

April 19, 2018 - By Adrian Mccoy

Serco Group plc (OTCMKTS:SECCF) Logo

Skba Capital Management Llc decreased Koninklijke Philips N V (PHG) stake by 12.24% reported in 2017Q4 SEC filing. Skba Capital Management Llc sold 80,300 shares as Koninklijke Philips N V (PHG)’s stock declined 1.21%. The Skba Capital Management Llc holds 575,870 shares with $21.77 million value, down from 656,170 last quarter. Koninklijke Philips N V now has $37.36 billion valuation. The stock increased 2.53% or $1.01 during the last trading session, reaching $40.89. About 1.96 million shares traded or 29.55% up from the average. Koninklijke Philips N.V. (NYSE:PHG) has risen 17.21% since April 19, 2017 and is uptrending. It has outperformed by 5.66% the S&P500.

SERCO GROUP PLC ORDINARY SHARES (OTCMKTS:SECCF) had a decrease of 1.5% in short interest. SECCF’s SI was 658,600 shares in April as released by FINRA. Its down 1.5% from 668,600 shares previously. With 100 avg volume, 6586 days are for SERCO GROUP PLC ORDINARY SHARES (OTCMKTS:SECCF)’s short sellers to cover SECCF’s short positions. The SI to SERCO GROUP PLC ORDINARY SHARES’s float is 0.06%. It closed at $1.2 lastly. It is down 0.00% since April 19, 2017 and is . It has underperformed by 11.55% the S&P500.

Serco Group Plc provides public services in the Asia Pacific, the Middle East, Europe, the United Kingdom, and North America. The company has market cap of $1.45 billion. It provides defense, health, justice and immigration, transport, and citizen services. It currently has negative earnings. The firm also offers non-clinical support services to hospitals; environmental and leisure services, as well as a range of front, middle, and back-office services to local authorities; and IT services to European institutions.

Among 14 analysts covering Koninklijke Philips N.V. (NYSE:PHG), 7 have Buy rating, 0 Sell and 7 Hold. Therefore 50% are positive. Koninklijke Philips N.V. had 15 analyst reports since July 28, 2015 according to SRatingsIntel. The stock of Koninklijke Philips N.V. (NYSE:PHG) has “Buy” rating given on Monday, February 12 by Berenberg. The stock has “Outperform” rating by Credit Suisse on Tuesday, September 8. As per Monday, December 12, the company rating was downgraded by Morgan Stanley. HSBC upgraded the shares of PHG in report on Wednesday, October 26 to “Buy” rating. Deutsche Bank downgraded the shares of PHG in report on Tuesday, June 20 to “Hold” rating. The rating was downgraded by Natixis to “Neutral” on Wednesday, June 21. The company was upgraded on Tuesday, July 28 by Societe Generale. RBC Capital Markets upgraded Koninklijke Philips N.V. (NYSE:PHG) on Wednesday, September 2 to “Outperform” rating. The rating was upgraded by Nomura on Thursday, August 27 to “Neutral”. The stock of Koninklijke Philips N.V. (NYSE:PHG) earned “Buy” rating by UBS on Wednesday, August 10.

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