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Investors add to Dr. Reddy’s Laboratories holdings as EPS misses estimates

Dr. Reddy's Laboratories logoDr. Reddy's Laboratories
Sig1.42Sen-1.85Env0.00Soc0.00Gov0.00

First Trust Advisors increased its stake in Dr. Reddy’s Laboratories to 65,652 shares worth about $987,000, while Invesco and other wealth managers also reported higher holdings. The company posted quarterly EPS of $0.06, missing analysts’ $0.09 consensus. Weiss Ratings cut its rating from hold (c) to hold (c-) in a research note.

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