Hedge Funds Are Selling BioScrip Inc. (BIOS)

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Seeing as BioScrip Inc. (NASDAQ:BIOS) has sustained bearish sentiment from the entirety of the hedge funds we track, we can see that there lies a certain “tier” of fund managers that slashed their positions entirely heading into Q4. It’s worth mentioning that Anand Parekh’s Alyeska Investment Group cashed in the largest investment of the “upper crust” of funds followed by Insider Monkey, totaling close to $3.3 million in stock. Andrew Feldstein and Stephen Siderow’s fund, Blue Mountain Capital, also said goodbye to its stock, about $3 million worth.

Let’s also examine hedge fund activity in other stocks – not necessarily in the same industry as BioScrip Inc. (NASDAQ:BIOS) but similarly valued. These stocks are Supreme Industries, Inc. (NYSEAMEX:STS), Renewable Energy Group Inc (NASDAQ:REGI), Lumos Networks Corp (NASDAQ:LMOS), and Acacia Research Corporation (NASDAQ:ACTG). This group of stocks’ market values resemble BIOS’s market value.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
STS 9 24816 3
REGI 15 53777 -2
LMOS 14 53181 3
ACTG 13 56058 2

As you can see these stocks had an average of 13 hedge funds with bullish positions and the average amount invested in these stocks was $47 million. That figure was $154 million in BIOS’s case. Renewable Energy Group Inc (NASDAQ:REGI) is the most popular stock in this table. On the other hand Supreme Industries, Inc. (NYSEAMEX:STS) is the least popular one with only 9 bullish hedge fund positions. Compared to these stocks BioScrip Inc. (NASDAQ:BIOS) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.

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Disclosure: None




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