BioScrip Inc (NASDAQ:BIOS) rose 6.8% during trading on Friday . The company traded as high as $2.88 and last traded at $2.83. Approximately 1,174,173 shares traded hands during mid-day trading, a decline of 30% from the average daily volume of 1,682,085 shares. The stock had previously closed at $2.65.
BIOS has been the subject of a number of recent research reports. SunTrust Banks reiterated a “buy” rating and issued a $3.00 target price on shares of BioScrip in a research report on Friday, November 3rd. Zacks Investment Research cut shares of BioScrip from a “hold” rating to a “sell” rating in a research report on Tuesday, November 7th. Finally, ValuEngine upgraded shares of BioScrip from a “strong sell” rating to a “sell” rating in a research report on Thursday, November 9th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $3.80.
The company has a market capitalization of $341.74, a PE ratio of -4.16 and a beta of 0.27. The company has a debt-to-equity ratio of -6.11, a quick ratio of 1.60 and a current ratio of 1.91.
In other news, CEO Daniel E. Greenleaf acquired 15,000 shares of the business’s stock in a transaction that occurred on Thursday, November 9th. The stock was purchased at an average cost of $2.03 per share, for a total transaction of $30,450.00. Following the completion of the transaction, the chief executive officer now owns 31,000 shares in the company, valued at $62,930. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.80% of the stock is currently owned by company insiders.
Institutional investors have recently added to or reduced their stakes in the stock. Dynamic Technology Lab Private Ltd acquired a new stake in BioScrip during the third quarter worth about $114,000. Captrust Financial Advisors acquired a new stake in BioScrip during the second quarter worth about $123,000. Voya Investment Management LLC increased its position in BioScrip by 41.4% during the second quarter. Voya Investment Management LLC now owns 50,799 shares of the company’s stock worth $138,000 after purchasing an additional 14,867 shares during the last quarter. Highbridge Capital Management LLC acquired a new stake in BioScrip during the third quarter worth about $153,000. Finally, Goldman Sachs Group Inc. increased its position in shares of BioScrip by 65.8% during the first quarter. Goldman Sachs Group Inc. now owns 64,257 shares of the company’s stock valued at $109,000 after acquiring an additional 25,500 shares during the last quarter. Hedge funds and other institutional investors own 84.63% of the company’s stock.
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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