Montag A & Associates Inc. acquired a new stake in Opko Health Inc. (NASDAQ:OPK) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 68,290 shares of the biotechnology company’s stock, valued at approximately $236,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Meeder Asset Management Inc. raised its position in Opko Health by 1,290.1% during the third quarter. Meeder Asset Management Inc. now owns 31,611 shares of the biotechnology company’s stock worth $109,000 after acquiring an additional 29,337 shares during the last quarter. SG Americas Securities LLC acquired a new position in Opko Health during the second quarter worth about $136,000. North Star Investment Management Corp. acquired a new position in Opko Health during the second quarter worth about $141,000. RPg Family Wealth Advisory LLC raised its position in Opko Health by 74.3% during the second quarter. RPg Family Wealth Advisory LLC now owns 31,080 shares of the biotechnology company’s stock worth $146,000 after acquiring an additional 13,250 shares during the last quarter. Finally, Xact Kapitalforvaltning AB raised its position in Opko Health by 58.2% during the first quarter. Xact Kapitalforvaltning AB now owns 57,921 shares of the biotechnology company’s stock worth $184,000 after acquiring an additional 21,300 shares during the last quarter. Hedge funds and other institutional investors own 24.87% of the company’s stock.
In other news, CEO Phillip Md Et Al Frost purchased 5,000 shares of the stock in a transaction dated Tuesday, August 28th. The stock was acquired at an average cost of $5.80 per share, for a total transaction of $29,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 3,068,951 shares in the company, valued at approximately $17,799,915.80. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Over the last quarter, insiders have bought 45,000 shares of company stock valued at $257,600. Insiders own 42.74% of the company’s stock.
Shares of NASDAQ OPK opened at $3.56 on Friday. Opko Health Inc. has a 12 month low of $2.66 and a 12 month high of $6.40. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.91 and a quick ratio of 0.90.
Opko Health (NASDAQ:OPK) last issued its quarterly earnings results on Friday, November 9th. The biotechnology company reported ($0.05) EPS for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.03. The business had revenue of $250.00 million during the quarter, compared to the consensus estimate of $264.04 million. Opko Health had a negative net margin of 30.24% and a negative return on equity of 8.68%. The company’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.08) earnings per share. As a group, sell-side analysts expect that Opko Health Inc. will post -0.23 EPS for the current year.
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About Opko Health
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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