Billionaire Mario Gabelli‘s GAMCO Investors recently filed an amended Form 13D with the US Securities and Exchange Commission, in which it reported slightly lowering its stake in Bioscrip Inc. (NASDAQ:BIOS). The fund, together with its affiliates, holds 15.53 million shares of the company, which amass 13.19% of the float, while GAMCO solely owns 866,402 shares or 0.74% of the outstanding stock. According to its 13F filing for the June 30 reporting period, GAMCO held 904,402 Bioscrip common shares.
Bioscrip Inc. (NASDAQ:BIOS) is a company that provides infusion and home care management solutions, working with healthcare facilities and medical professionals. Over the past 12 months, the company’s shares have gained a robust 78.57%. For the second quarter of 2016, Bioscrip reported a loss per share of $0.14, and revenue of $232.46 million, compared to a loss per share of $3.63 and revenue of $246.9 million for the corresponding quarter of 2015.
According to Insider Monkey’s hedge fund database, 23 investors in it reported having long positions in Bioscrip Inc. (NASDAQ:BIOS) as of the end of June, up by ten from the end of the previous quarter. Among the bullish investors were Stephen Dubois’ Camber Capital Management, which held a position valued at $25.96 million, Ric Dillon’s Diamond Hill Capital, with a position worth $13.56 million, Phil Frohlich’s Prescott Group Capital Management, and Ken Griffin’s Citadel Investment Group.
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Some of the investors who initiated new positions in Bioscrip Inc. (NASDAQ:BIOS) during the June quarter included Conan Laughlin’s North Tide Capital, which acquired the largest position, worth $21.68 million. The second-biggest stake in the company was initiated by James E. Flynn’s Deerfield Management, which had $7.62 million invested in the stock by June 30. Other bullish investors with new positions contained Anand Parekh’s Alyeska Investment Group, Andrew Feldstein and Stephen Siderow’s Blue Mountain Capital, and Andrew Goldman’s Seven Locks Capital Management.
You can access the original SEC filing by clicking here.
Ownership Summary Table
| Name | Sole Voting Power | Shared Voting Power | Sole Dispositive Power | Shared Dispositive Power | Aggregate Amount Owned Power | Percent of Class |
|---|---|---|---|---|---|---|
| Gabelli Funds | 13,785,843 | 13,785,843 | 13,785,843 | 11.71% | ||
| GAMCO Asset Management Inc. I.D. No. 13-40445 | 816,402 | 866,402 | 866,402 | 0.74% | ||
| Teton Advisors, Inc. I.D. No. 13-4008049 | 872,000 | 872,000 | 872,000 | 0.74% | ||
| GGCP, Inc. I.D. No. 13-3056041 | 0.00% | |||||
| GAMCO Investors, Inc. I.D. No. 13-400786 | 2,700 | 2,700 | 2,700 | 0.00% | ||
| Associated Capital Group, Inc. I.D. No. 47-3965991 Check the appropriate box if a member of a group (SEE INSTRUCTIONS) (a) (b) | 0.00% | |||||
| Mario J. Gabelli | 0.00% |
