BioScrip (BIOS) Raised to “Buy” at BidaskClub

BioScrip (NASDAQ:BIOS) was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday.

A number of other brokerages have also commented on BIOS. Zacks Investment Research upgraded BioScrip from a “sell” rating to a “hold” rating in a report on Wednesday, January 10th. SunTrust Banks set a $4.00 price target on BioScrip and gave the company a “buy” rating in a report on Thursday, December 21st. Finally, ValuEngine upgraded BioScrip from a “sell” rating to a “hold” rating in a report on Thursday, November 30th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $3.63.

Shares of BioScrip (NASDAQ:BIOS) traded down $0.04 during trading on Friday, hitting $2.97. The stock had a trading volume of 1,807,488 shares, compared to its average volume of 872,416. The company has a market capitalization of $373.69, a price-to-earnings ratio of -4.79 and a beta of 0.19. BioScrip has a 12 month low of $1.35 and a 12 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.

A number of large investors have recently modified their holdings of BIOS. Royce & Associates LP lifted its stake in BioScrip by 942.6% during the fourth quarter. Royce & Associates LP now owns 1,824,500 shares of the company’s stock worth $5,309,000 after purchasing an additional 1,649,500 shares during the last quarter. BlackRock Inc. lifted its stake in shares of BioScrip by 10.2% in the 4th quarter. BlackRock Inc. now owns 6,584,105 shares of the company’s stock valued at $19,161,000 after acquiring an additional 611,302 shares during the last quarter. Wells Fargo & Company MN lifted its stake in shares of BioScrip by 34.4% in the 4th quarter. Wells Fargo & Company MN now owns 217,450 shares of the company’s stock valued at $634,000 after acquiring an additional 55,636 shares during the last quarter. Gabelli Funds LLC lifted its stake in shares of BioScrip by 2.0% in the 4th quarter. Gabelli Funds LLC now owns 10,357,832 shares of the company’s stock valued at $30,141,000 after acquiring an additional 205,379 shares during the last quarter. Finally, GSA Capital Partners LLP bought a new position in shares of BioScrip in the 3rd quarter valued at $857,000. 84.53% of the stock is currently owned by institutional investors and hedge funds.

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BioScrip Company Profile

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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