Alps Advisors Inc. purchased a new position in Dr.Reddy’s Laboratories Ltd (NYSE:RDY) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 16,338 shares of the company’s stock, valued at approximately $616,000.
Several other institutional investors have also made changes to their positions in the business. Private Capital Group LLC grew its position in Dr.Reddy’s Laboratories by 209.2% in the 4th quarter. Private Capital Group LLC now owns 739 shares of the company’s stock worth $28,000 after purchasing an additional 500 shares during the period. Sompo Japan Nipponkoa Asset Management CO. LTD. purchased a new position in shares of Dr.Reddy’s Laboratories during the 4th quarter valued at $236,000. Krane Funds Advisors LLC lifted its stake in shares of Dr.Reddy’s Laboratories by 18.4% during the 3rd quarter. Krane Funds Advisors LLC now owns 5,567 shares of the company’s stock valued at $420,000 after buying an additional 864 shares in the last quarter. Wedbush Securities Inc. purchased a new stake in Dr.Reddy’s Laboratories in the 3rd quarter worth $210,000. Finally, United Services Automobile Association purchased a new stake in Dr.Reddy’s Laboratories in the 3rd quarter worth $217,000. Institutional investors own 11.36% of the company’s stock.
NYSE:RDY opened at $37.42 on Thursday. The firm has a market capitalization of $6.32 billion, a PE ratio of 37.05 and a beta of 0.16. Dr.Reddy’s Laboratories Ltd has a 1-year low of $28.13 and a 1-year high of $40.20. The company has a current ratio of 1.81, a quick ratio of 1.26 and a debt-to-equity ratio of 0.18.
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About Dr.Reddy’s Laboratories
Dr. Reddy's Laboratories Limited operates as an integrated pharmaceutical company worldwide. It operates through three segments: Global Generics, Pharmaceutical Services and Active Ingredients (PSAI), and Proprietary Products. The Global Generics segment manufactures and markets prescription and over-the-counter finished pharmaceutical products that are marketed under a brand name or as a generic finished dosage with therapeutic equivalence to branded formulations.
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