Opko Health, Inc. (OPK) loses confidence of 34 hedge fund managers

The Return on Equity (ROE) and Return on Investment (ROI) values are -5.2 percent and -0.8 percent respectively. The company had revenue of $263.50 million for the quarter, compared to analyst estimates of $319.43 million. Analysts expect OPK to grow earnings at a 12.00% annual rate over the next 5 years. For the current year the company's revenue estimates are $1.18 Billion compared to low analyst estimates of $1.14 Billion and high estimates of $1.25 Billion according to 6 number of analysts.

The company's Average Earnings Estimate for the Current Fiscal quarter is $-0.06, according to consensus of 6 analysts. Zacks Investment Research's sales averages are a mean average based on a survey of sell-side research firms that cover Opko Health.

Opko Health (NASDAQ:OPK) last posted its quarterly earnings results on Wednesday, November 8th. The biotechnology company reported ($0.08) EPS for the quarter, missing the Thomson Reuters' consensus estimate of ($0.05) by ($0.03). Opko Health had a negative net margin of 9.45% and a negative return on equity of 5.17%. The company's revenue for the quarter was down 12.0% on a year-over-year basis. However a year ago for the same quarter the company has reported $-0.02 EPS. The mean target projections are based on 6 opinions. Jefferies Group LLC restated a "hold" rating and issued a $8.00 price objective on shares of Opko Health in a research report on Thursday, July 27th. BidaskClub cut Opko Health from a "hold" rating to a "sell" rating in a report on Tuesday, August 1st.

JP Morgan "Downgrades" Opko Health Inc (NASDAQ:OPK) in a research note issued to investors on 9/14/17 to Neutral with price target of $7. Furthermore on 12/30/16 Standpoint Research "Reiterates" the stock to Buy at $0. The stock was acquired at an average cost of $6.10 per share, for a total transaction of $152,500.00. Following the completion of the purchase, the chief executive officer now owns 3,068,951 shares in the company, valued at $18,567,153.55. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Over the last three months, insiders acquired 667,300 shares of company stock worth $4,031,059.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Alps Advisors Inc. boosted its position in shares of Opko Health by 3,687.6% during the 2nd quarter. LPL Financial LLC now owns 13,374 shares of the company's stock valued at $142,000 after buying an additional 504 shares in the last quarter. Financial Architects Inc lifted its position in Opko Health by 45.0% in the second quarter. BlackRock Inc. now owns 22,901,261 shares of the biotechnology company's stock worth $150,689,000 after purchasing an additional 255,976 shares during the period.

Saudi's King Salman to hand crown to son next week
These include billionaire Prince Alwaleed bin Talal, one of the kingdom's most prominent businessmen. More than half of the Saudi population is aged 25 or under.

Post Instagram Stories From the Mobile Web
Going forward, any stories you post to the social network's Messenger app or Facebook will show up in both apps . When you visit Instagram .com on your mobile web, you will see a new camera icon on the top left of your feed.

'Fantastic Beasts' Film Sequel's Official Title Announced
In this film, the Hogwarts headmaster, portrayed by Jude Law , tries to track down Grindelwald after the wizard escapes custody. Now the wizard is gathering followers to raise pure-blood wizards up to rule over all non-magical beings.

The Q.i. Value of Opko Health, Inc. State Street Corp now owns 11,348,763 shares of the biotechnology company's stock worth $74,671,000 after purchasing an additional 422,203 shares during the period. Finally, IFC Holdings Incorporated FL lifted its position in Opko Health by 16.5% in the second quarter.

Institutional investors now hold around $674 million or 23.4% in OPK stock. Engineers Gate Manager LP bought a new stake in Opko Health in the second quarter worth approximately $117,000. Overall, volume was up 274.63% over the stocks normal daily volume. Latest trading price was -25.24% downbeat to its 50-day moving average and below -30.04% to its 200-day moving average. The firm's market capitalization is $3.76 billion. If the published price targets set by Opko Health, Inc. analysts have any power to influence the stock's share price, the highest price target set for OPK is $20.

WARNING: "Opko Health, Inc. (OPK)" was posted by StockNewsTimes and is the property of of StockNewsTimes. If you are viewing this story on another publication, it was illegally copied and republished in violation of USA & worldwide copyright & trademark law.

Taking a broader look brokerage firms' analysts on the street with an expectant view have Opko Health Inc (NASDAQ:OPK) high price target of $20 and with a conservative view have low price target of $6. The Business's segments include Pharmaceutical, Diagnostics and Corporate.



Latest news

Manchester City owner Sheikh Mansour 'made vow to sign Lionel Messi'
In all, the Argentine has made 600 appearances for the Blaugrana and has been one of the most prolific scorers of all time. Spanish publication Mundo Deportivo have reported Lionel Messi signed a contract extension in June itself.

Seoul: N. Koreans fired 40 shots at defector, hit him with 5
A North Korean soldier who was shot while fleeing the border has become the latest topic of discussion across countries. South Korean paramedics rushed him to hospital after he made it into the country, but were stunned by what they found.

Lebanon's Hariri accepts invite to come to France - diplomat
Lebanon's Prime Minister Saad Hariri has dismissed reports about his alleged detention in Saudi Arabia as "rumors". He accused Iran of sowing "discord, devastation and destruction" in the region.

Equities Analysts Offer Predictions for Henry Schein, Inc.'s FY2017 Earnings (HSIC)
They expect this year's earnings to rise 8.76% year-over-year to $3.6, followed by 8.06% growth in the next year to $3.89. In other news, SVP Paul Rose sold 2,126 shares of the business's stock in a transaction dated Wednesday, September 6th.

Jameis Winston accused of groping Uber driver
Winston's friends reportedly placed the 2013 Heisman Trophy victor in the front seat, even though he was the only passenger. A civil suit was still pending at the time of the latest allegation and was settled out of court nine months later.

NASA Tool Predicts Which Cities Will Flood As Ice Melts
Among the observed changes are severe flooding to big locations like New York City and London. This means that many cities in the world could experience flooding in the future.

Bank of Hawaii Purchases 2705 Shares of Occidental Petroleum Corporation (NYSE:OXY)
It turned negative, as 24 investors sold SAGE shares while 61 reduced holdings. 27 funds opened positions while 34 raised stakes. Moreover, Texas Permanent School Fund has 0.17% invested in Occidental Petroleum Corporation (NYSE: OXY ) for 214,825 shares.

Advance Auto Parts Inc (AAP) Position Increased by Artisan Partners Limited Partnership
It was created to allow traders to more accurately measure the daily volatility of an asset by using simple calculations. The stock showed decline in half yearly performance of -40.25% and maintained weak performance for the year at -44.47%.

Gap stock leaps after beat on earnings, increased forecast
The apparel retailer reported $0.51 earnings per share for the quarter, meeting analysts' consensus estimates of $0.51. Enable Midstream Partners LP (NYSE:ENBL) has risen 21.66% since November 17, 2016 and is uptrending.

Ohio Supreme Court Justice comes to defense of 'all heterosexual males'
It said he'd been "sexually intimate with approximately 50 very attractive females", then detailed two specific encounters. Mary Taylor, also a candidate for governor, says his "crass post is ill-timed and dismissive at best".

NY Times Columnist: I Now Believe Broaddrick's Claims Against Bill Clinton
The graphic jab came after Gillibrand leveled some of the highest-level criticism yet at former President Clinton. Philippe Reines , left, is not happy with Sen.

Everything you need to know about the 2017 American Music Awards
The Clarkson-Pink performance marks the first time the two singers have performed together, ABC said in an announcement today. Bruno Mars leads the AMAs nominations with eight and he is up for Artist of the Year .

Left-Wing Billionaire Tom Steyer Launches Second Impeachment Ad
So far, Steyer has put an estimated $20 million into urging people to endorse an impeachment petition at NeedToImpeach.com. Even Democrats like Nancy Pelosi are calling his baseless ad campaign a distraction", RNC spokesman Michael Ahrens said.

Fidelity National Information Services, Inc. (FIS) Stake Lessened by Candriam Luxembourg SCA
Traders are a little more bullish on Fidelity National Information Services of late as indicated by the motion in short interest. Edgestream Ptnrs Ltd Partnership has 0.13% invested in Fidelity National Information Servcs Inc (NYSE:FIS) for 4,098 shares.

United Kingdom denies link between £400 million debt to Iran and prisoner
The money would not be a "price for Nazanin Zaghari-Ratcliffe's release" but a "goodwill gesture", says Sky's Alistair Bunkall. However the Shah was toppled after the Islamic Revoluton of 1979 and nearly one of the vehicles were delivered.

Other news