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.

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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.

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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.

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