Jacobs Levy Equity Management Inc. acquired a new position in shares of Opko Health Inc. (NASDAQ:OPK) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 1,095,334 shares of the biotechnology company’s stock, valued at approximately $1,610,000.

Several other hedge funds have also bought and sold shares of OPK. Charles Schwab Investment Management Inc. raised its position in shares of Opko Health by 1.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,462,420 shares of the biotechnology company’s stock worth $3,620,000 after buying an additional 25,271 shares during the period. American International Group Inc. raised its position in shares of Opko Health by 7.2% in the 4th quarter. American International Group Inc. now owns 241,456 shares of the biotechnology company’s stock worth $355,000 after buying an additional 16,259 shares during the period. Millennium Management LLC raised its position in Opko Health by 4,068.8% in the third quarter. Millennium Management LLC now owns 455,318 shares of the biotechnology company’s stock valued at $951,000 after purchasing an additional 444,396 shares during the period. California Public Employees Retirement System raised its position in Opko Health by 35.8% in the third quarter. California Public Employees Retirement System now owns 681,627 shares of the biotechnology company’s stock valued at $1,425,000 after purchasing an additional 179,782 shares during the period. Finally, Alpine Global Management LLC purchased a new position in Opko Health in the fourth quarter valued at about $61,000. Institutional investors and hedge funds own 26.28% of the company’s stock.

In other Opko Health news, CEO Phillip Md Et Al Frost bought 22,262 shares of the company’s stock in a transaction dated Friday, January 17th. The shares were acquired at an average cost of $1.56 per share, with a total value of $34,728.72. Following the completion of the transaction, the chief executive officer now owns 3,068,951 shares in the company, valued at $4,787,563.56. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders acquired 1,437,501 shares of company stock worth $2,169,859 over the last three months. 42.25% of the stock is currently owned by corporate insiders.

Several research analysts have commented on the company. ValuEngine raised Opko Health from a “hold” rating to a “buy” rating in a research report on Friday, January 3rd. BidaskClub raised Opko Health from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Piper Sandler raised their price objective on Opko Health from to in a research report on Tuesday, March 10th. Finally, Barrington Research reissued a “buy” rating and issued a $4.00 price objective on shares of Opko Health in a research report on Thursday, February 27th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $2.88.

NASDAQ:OPK opened at $1.36 on Thursday. The business’s 50-day moving average is $1.64 and its two-hundred day moving average is $1.68. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.30 and a quick ratio of 1.09. Opko Health Inc. has a 12 month low of $1.33 and a 12 month high of $2.91. The firm has a market capitalization of $951.16 million, a PE ratio of -2.57 and a beta of 1.99.

Opko Health Profile

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 BioReference Laboratories, a clinical laboratory that offers laboratory testing services.

Further Reading: Monthly Dividend Stocks

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Institutional Ownership by Quarter for Opko Health (NASDAQ:OPK)

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