Migdal Insurance Financial Holdings Ltd. Lowers stake in Opko Health (OPK)

Opko Health (OPK) : Migdal Insurance Financial Holdings Ltd. reduced its stake in Opko Health by 18.65% during the most recent quarter end. The investment management company now holds a total of 4,660,000 shares of Opko Health which is valued at $52,425,000 after selling 1,068,000 shares in Opko Health , the firm said in a disclosure report filed with the SEC on Apr 20, 2016.Opko Health makes up approximately 1.59% of Migdal Insurance Financial Holdings Ltd.’s portfolio.

Opko Health closed down -0.04 points or -0.35% at $11.25 with 19,05,766 shares getting traded on Friday. Post opening the session at $11.29, the shares hit an intraday low of $11.16 and an intraday high of $11.36 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

Other Hedge Funds, Including , Horizon Kinetics reduced its stake in OPK by selling 12,418 shares or 15.6% in the most recent quarter. The Hedge Fund company now holds 67,206 shares of OPK which is valued at $725,825. Opko Health makes up approx 0.02% of Horizon Kinetics’s portfolio.Eqis Capital Management reduced its stake in OPK by selling 6,784 shares or 22.75% in the most recent quarter. The Hedge Fund company now holds 23,035 shares of OPK which is valued at $247,626. Opko Health makes up approx 0.02% of Eqis Capital Management’s portfolio. Proficio Capital Partners added OPK to its portfolio by purchasing 36 company shares during the most recent quarter which is valued at $387.Rk Asset Management boosted its stake in OPK in the latest quarter, The investment management firm added 10,960 additional shares and now holds a total of 935,822 shares of Opko Health which is valued at $10,060,087. Opko Health makes up approx 8.58% of Rk Asset Management’s portfolio.

On the company’s financial health, Opko Health reported $0.25 EPS for the quarter, beating the analyst consensus estimate by $ 0.26 according to the earnings call on Nov 9, 2015. Analyst had a consensus of $-0.01. The company had revenue of $143.00 million for the quarter, compared to analysts expectations of $133.04 million. The company’s revenue was up 622.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.11 EPS.

Many Wall Street Analysts have commented on Opko Health. Shares were Reiterated by Barrington Research on Mar 31, 2016 to “Outperform” and Lowered the Price Target to $ 16 from a previous price target of $17 .

OPKO Health Inc. (OPKO) is a biopharmaceutical and diagnostics company. The Company is involved in developing a range of solutions to diagnose treat and prevent various conditions including point-of-care tests laboratory developed tests (LDTs) molecular diagnostics tests and pharmaceuticals and vaccines. It operates in two segments: pharmaceutical and diagnostics. Its pharmaceutical segment consists of two operating segments pharmaceutical research and development segment and pharmaceutical operations. Its diagnostics segment consists of pathology operations and point-of-care and molecular diagnostics operations. It owns pharmaceutical operations in Chile Spain Mexico Israel Uruguay and Brazil. The product pipeline includes several pharmaceutical compounds and technologies in research and development for a range of indications and conditions.

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