Themes Management Co LLC Increases Stake in Richtech Robotics Inc. $RR

Themes Management Co LLC lifted its position in Richtech Robotics Inc. (NASDAQ:RR) by 473.1% in the 1st quarter, Holdings Channel.com reports. The fund owned 467,030 shares of the company’s stock after acquiring an additional 385,544 shares during the period. Themes Management Co LLC’s holdings in Richtech Robotics were worth $976,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in RR. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in Richtech Robotics in the 1st quarter worth about $1,630,000. Goldman Sachs Group Inc. bought a new stake in Richtech Robotics in the first quarter worth about $459,000. Geode Capital Management LLC boosted its position in shares of Richtech Robotics by 128.9% during the second quarter. Geode Capital Management LLC now owns 1,463,608 shares of the company’s stock valued at $2,854,000 after buying an additional 824,253 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Richtech Robotics by 71.4% during the second quarter. JPMorgan Chase & Co. now owns 78,489 shares of the company’s stock valued at $153,000 after buying an additional 32,684 shares during the period. Finally, New York State Common Retirement Fund bought a new position in shares of Richtech Robotics during the second quarter valued at approximately $95,000. 0.01% of the stock is owned by hedge funds and other institutional investors.

Richtech Robotics Price Performance

RR stock opened at $1.55 on Friday. The company has a market capitalization of $333.40 million, a PE ratio of -11.07 and a beta of -0.84. Richtech Robotics Inc. has a 12 month low of $1.53 and a 12 month high of $7.43. The firm’s 50-day moving average is $2.19 and its 200 day moving average is $2.62.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on RR shares. Wall Street Zen upgraded Richtech Robotics from a “strong sell” rating to a “sell” rating in a report on Saturday, May 30th. Weiss Ratings restated a “sell (d-)” rating on shares of Richtech Robotics in a report on Tuesday. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $6.00.

About Richtech Robotics

Richtech Robotics Inc develops, manufactures, deploys, and sells robotic solutions for automation in the service industry. The company offers indoor transport and delivery, sanitation, and food and beverage automation solutions, such as ADAM and ARM worker robots; delivery robots, including Matradee, Matradee X, Matradee L, Richie, and Robbie; and cleaning robots comprising DUST-E SX, and DUST-E MX, as well as accessories, such as bus tubs, cup holders, magnetic tray cases, smartwatches, table location systems, and tray covers.