BioScrip (BIOS) Rating Increased to Buy at BidaskClub
BioScrip (NASDAQ:BIOS) was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating in a report released on Thursday.
A number of other equities research analysts have also commented on BIOS. SunTrust Banks restated a “buy” rating and set a $3.00 price objective on shares of BioScrip in a report on Friday, November 3rd. Zacks Investment Research lowered shares of BioScrip from a “hold” rating to a “sell” rating in a report on Tuesday, November 7th. Finally, ValuEngine upgraded shares of BioScrip from a “strong sell” rating to a “sell” rating in a report on Thursday, November 9th. One analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $3.63.
Shares of BioScrip (NASDAQ:BIOS) opened at $3.00 on Thursday. BioScrip has a twelve month low of $1.21 and a twelve month high of $3.39. The company has a current ratio of 1.91, a quick ratio of 1.60 and a debt-to-equity ratio of -6.11.
In related news, CEO Daniel E. Greenleaf acquired 15,000 shares of the company’s stock in a transaction that occurred on Thursday, November 9th. The shares were acquired at an average cost of $2.03 per share, for a total transaction of $30,450.00. Following the completion of the acquisition, the chief executive officer now directly owns 31,000 shares in the company, valued at approximately $62,930. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.80% of the company’s stock.
Hedge funds have recently modified their holdings of the business. Dynamic Technology Lab Private Ltd acquired a new stake in BioScrip in the 3rd quarter valued at $114,000. Captrust Financial Advisors acquired a new stake in BioScrip in the 2nd quarter valued at $123,000. Voya Investment Management LLC increased its stake in BioScrip by 41.4% in the 2nd quarter. Voya Investment Management LLC now owns 50,799 shares of the company’s stock valued at $138,000 after buying an additional 14,867 shares during the last quarter. Highbridge Capital Management LLC acquired a new stake in BioScrip in the 3rd quarter valued at $153,000. Finally, Skylands Capital LLC acquired a new stake in BioScrip in the 3rd quarter valued at $272,000. Hedge funds and other institutional investors own 84.63% of the company’s stock.
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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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