BioScrip, Inc. (BIOS) Stake Maintained by Gamco Investors, Inc. Et Al
Gamco Investors, Inc. Et Al
recently disclosed that they own a 9.2% stake in BioScrip, Inc. (NASDAQ:BIOS) in a Schedule 13D/A disclosure that was filed with the Securities and Exchange Commission on Friday, August 11th. The investor owns 11,721,893 shares of the stock worth approximately $37,978,933. The reporting parties listed on the disclosure included Gabelli Funds, LLC ID No 134044523, GAMCO Asset Management Inc ID No 134044521, Teton Advisors, Inc ID No 134008049, Gabelli & Company Investment Advisers, Inc ID No 133379374, GGCP, Inc ID No 133056041, GAMCO Investors, Inc ID No 134007862, Associated Capital Group, Inc ID No 473965991 and Mario J Gabelli. The filing is available through EDGAR at this link.
Gamco Investors, Inc. Et Al
provided the following explanation of their ownership:
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Several other large investors also recently made changes to their positions in BIOS. Goldman Sachs Group Inc. boosted its position in shares of BioScrip by 65.8% in the first quarter. Goldman Sachs Group Inc. now owns 64,257 shares of the company’s stock worth $109,000 after buying an additional 25,500 shares during the period. American International Group Inc. boosted its position in shares of BioScrip by 73.8% in the first quarter. American International Group Inc. now owns 67,812 shares of the company’s stock worth $115,000 after buying an additional 28,787 shares during the period. Captrust Financial Advisors acquired a new position in shares of BioScrip during the second quarter worth about $123,000. Alambic Investment Management L.P. acquired a new position in shares of BioScrip during the first quarter worth about $160,000. Finally, Citadel Advisors LLC acquired a new position in shares of BioScrip during the first quarter worth about $161,000. 91.16% of the stock is currently owned by hedge funds and other institutional investors.
Shares of BioScrip, Inc. (NASDAQ:BIOS) traded up 5.19% on Friday, reaching $3.24. 2,426,194 shares of the company were exchanged. The company’s 50-day moving average is $2.84 and its 200-day moving average is $2.03. BioScrip, Inc. has a 52 week low of $0.98 and a 52 week high of $3.43. The company’s market capitalization is $413.02 million.
BioScrip (NASDAQ:BIOS) last released its quarterly earnings results on Tuesday, August 8th. The company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.10) by $0.01. The firm had revenue of $218.11 million for the quarter, compared to analyst estimates of $220.05 million. During the same quarter in the prior year, the company earned ($0.14) EPS. The business’s quarterly revenue was down 6.2% on a year-over-year basis. On average, equities analysts expect that BioScrip, Inc. will post ($0.55) EPS for the current fiscal year.
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BIOS has been the subject of a number of recent research reports. Barrington Research lifted their price target on shares of BioScrip to $3.50 and gave the company an “outperform” rating in a research report on Monday, June 26th. Zacks Investment Research cut shares of BioScrip from a “hold” rating to a “sell” rating in a research report on Wednesday, May 10th. Jefferies Group LLC reissued a “buy” rating and set a $4.00 price target (up from $3.00) on shares of BioScrip in a research report on Thursday. ValuEngine raised shares of BioScrip from a “sell” rating to a “hold” rating in a research report on Thursday, July 13th. Finally, SunTrust Banks, Inc. raised shares of BioScrip from a “hold” rating to a “buy” rating and lifted their price target for the company from $3.25 to $3.75 in a research report on Thursday. One analyst has rated the stock with a sell rating and six have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $3.75.
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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