OPKO Health (OPK) Upgraded at BidaskClub
BidaskClub upgraded shares of OPKO Health (NASDAQ:OPK) from a strong sell rating to a sell rating in a research report sent to investors on Thursday.
A number of other equities research analysts also recently weighed in on the company. Zacks Investment Research downgraded OPKO Health from a hold rating to a sell rating in a report on Friday, February 9th. Cantor Fitzgerald set a $20.00 price objective on OPKO Health and gave the company a buy rating in a report on Thursday, March 1st. JPMorgan Chase downgraded OPKO Health from a neutral rating to an underweight rating and set a $7.00 price objective for the company. in a report on Friday, March 2nd. Finally, ValuEngine downgraded OPKO Health from a sell rating to a strong sell rating in a report on Thursday, March 1st. Four investment analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of $11.29.
Shares of OPK stock opened at $3.08 on Thursday. The company has a quick ratio of 0.98, a current ratio of 1.14 and a debt-to-equity ratio of 0.02. OPKO Health has a fifty-two week low of $2.66 and a fifty-two week high of $7.90.
In related news, Director Robert Scott Fishel purchased 10,000 shares of the firm’s stock in a transaction that occurred on Friday, April 13th. The stock was acquired at an average price of $3.02 per share, for a total transaction of $30,200.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Phillip Md Et Al Frost purchased 364,800 shares of the firm’s stock in a transaction that occurred on Friday, March 2nd. The shares were bought at an average price of $2.94 per share, with a total value of $1,072,512.00. Following the acquisition, the chief executive officer now directly owns 3,068,951 shares of the company’s stock, valued at approximately $9,022,715.94. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 1,996,365 shares of company stock valued at $7,097,858. Corporate insiders own 40.19% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company grew its holdings in OPKO Health by 7.9% during the second quarter. The Manufacturers Life Insurance Company now owns 22,535 shares of the biotechnology company’s stock worth $149,000 after buying an additional 1,657 shares in the last quarter. Smith Graham & Co. Investment Advisors LP grew its holdings in OPKO Health by 2.0% during the fourth quarter. Smith Graham & Co. Investment Advisors LP now owns 607,102 shares of the biotechnology company’s stock worth $2,975,000 after buying an additional 11,720 shares in the last quarter. Teachers Advisors LLC grew its holdings in OPKO Health by 3.5% during the fourth quarter. Teachers Advisors LLC now owns 489,837 shares of the biotechnology company’s stock worth $2,400,000 after buying an additional 16,675 shares in the last quarter. Legal & General Group Plc grew its holdings in OPKO Health by 17.4% during the third quarter. Legal & General Group Plc now owns 141,535 shares of the biotechnology company’s stock worth $971,000 after buying an additional 21,017 shares in the last quarter. Finally, California Public Employees Retirement System grew its holdings in OPKO Health by 2.8% during the fourth quarter. California Public Employees Retirement System now owns 811,356 shares of the biotechnology company’s stock worth $3,976,000 after buying an additional 22,200 shares in the last quarter. Institutional investors and hedge funds own 23.38% of the company’s stock.
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OPKO Health Company Profile
OPKO Health, Inc, a healthcare company, engages in the diagnostics and pharmaceuticals business in the United States, Ireland, Chile, Spain, Israel, Mexico, and internationally. The company's Diagnostics segment operates Bio-Reference Laboratories, a clinical laboratory that offers laboratory testing services in the detection, diagnosis, evaluation, monitoring, and treatment of diseases.
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