BioScrip, Inc. (BIOS) Short Interest Update
BioScrip, Inc. (NASDAQ:BIOS) saw a significant decline in short interest in August. As of August 31st, there was short interest totalling 18,783,163 shares, a decline of 11.6% from the August 15th total of 21,241,640 shares. Currently, 14.8% of the shares of the stock are sold short. Based on an average daily volume of 2,028,727 shares, the days-to-cover ratio is currently 9.3 days.
In other BioScrip news, Director Coliseum Capital Management, L sold 2,846,941 shares of BioScrip stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $2.93, for a total transaction of $8,341,537.13. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.80% of the stock is currently owned by insiders.
A number of large investors have recently made changes to their positions in the stock. Wells Fargo & Company MN increased its stake in BioScrip by 1.0% in the second quarter. Wells Fargo & Company MN now owns 114,810 shares of the company’s stock valued at $312,000 after acquiring an additional 1,100 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its position in BioScrip by 0.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 490,698 shares of the company’s stock valued at $1,333,000 after buying an additional 2,622 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in BioScrip by 9.8% in the second quarter. The Manufacturers Life Insurance Company now owns 99,569 shares of the company’s stock valued at $271,000 after buying an additional 8,914 shares in the last quarter. Rhumbline Advisers lifted its stake in shares of BioScrip by 9.2% during the 2nd quarter. Rhumbline Advisers now owns 130,122 shares of the company’s stock valued at $353,000 after buying an additional 10,985 shares in the last quarter. Finally, Sheets Smith Wealth Management lifted its stake in shares of BioScrip by 13.4% during the 2nd quarter. Sheets Smith Wealth Management now owns 125,328 shares of the company’s stock valued at $340,000 after buying an additional 14,820 shares in the last quarter. 84.05% of the stock is currently owned by institutional investors and hedge funds.
BioScrip (BIOS) opened at 2.67 on Monday. The firm’s market capitalization is $340.36 million. The stock has a 50 day moving average price of $2.87 and a 200 day moving average price of $2.26. BioScrip has a one year low of $0.98 and a one year high of $3.43.
BioScrip (NASDAQ:BIOS) last announced its quarterly earnings data on Tuesday, August 8th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.01). The company had revenue of $218.11 million for the quarter, compared to analyst estimates of $220.05 million. BioScrip’s revenue was down 6.2% compared to the same quarter last year. During the same quarter last year, the business earned ($0.14) earnings per share. On average, equities analysts predict that BioScrip will post ($0.55) EPS for the current fiscal year.
Several research analysts have recently commented on BIOS shares. Barrington Research boosted their target price on BioScrip to $3.50 and gave the stock an “outperform” rating in a report on Monday, June 26th. Zacks Investment Research raised BioScrip from a “hold” rating to a “buy” rating and set a $3.00 target price on the stock in a report on Wednesday, July 5th. ValuEngine downgraded BioScrip from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Jefferies Group LLC reissued a “buy” rating and issued a $4.00 target price (up from $3.00) on shares of BioScrip in a report on Thursday, August 10th. Finally, BidaskClub downgraded BioScrip from a “buy” rating to a “hold” rating in a report on Thursday, August 17th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $3.75.
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BioScrip, Inc is engaged in providing infusion solutions. The Company partners with physicians, hospital systems, skilled nursing facilities, healthcare payors and pharmaceutical manufacturers to provide patients access to post-acute care services. The Company operates through Infusion Services segment.
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