Bioscrip Inc. (BIOS): Billionaire Mario Gabelli’s GAMCO Investors Slightly Lowers Its Stake

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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%

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Page 1 of 16 – SEC Filing

Washington, D.C. 20549
Under the Securities Exchange Act of 1934 (Amendment No. 15)
BioScrip, Inc.
(Name of Issuer)
Common Stock, $0.0001 par value per share
(Title of Class of Securities)
(CUSIP Number)
David Goldman
GAMCO Investors, Inc.
One Corporate Center
Rye, New York 10580-1435
(914) 921-5000
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
______________________ October 11, 2016________________________
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box .

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