Hoertkorn Richard Charles Has Cut Bank Of America (BAC) Stake; 6 Bullish Analysts Covering BioScrip, Inc. (BIOS)

May 25, 2018 - By Michael Collier

Bank of America Corporation (NYSE:BAC) Logo

Hoertkorn Richard Charles decreased Bank Of America Corporation (BAC) stake by 4.59% reported in 2017Q4 SEC filing. Hoertkorn Richard Charles sold 18,675 shares as Bank Of America Corporation (BAC)’s stock declined 1.20%. The Hoertkorn Richard Charles holds 387,801 shares with $11.45 million value, down from 406,476 last quarter. Bank Of America Corporation now has $306.31B valuation. The stock decreased 0.76% or $0.23 during the last trading session, reaching $30.21. About 62.15M shares traded. Bank of America Corporation (NYSE:BAC) has risen 28.18% since May 25, 2017 and is uptrending. It has outperformed by 16.63% the S&P500.

Among 6 analysts covering BioScrip (NASDAQ:BIOS), 6 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. BioScrip had 15 analyst reports since August 11, 2015 according to SRatingsIntel. SunTrust maintained it with “Buy” rating and $3.5 target in Wednesday, December 20 report. SunTrust maintained the stock with “Buy” rating in Thursday, November 2 report. The rating was maintained by Barrington on Wednesday, April 11 with “Buy”. The firm earned “Buy” rating on Wednesday, August 12 by Dougherty & Company. The stock has “Buy” rating by SunTrust on Tuesday, August 11. The firm has “Buy” rating by Jefferies given on Tuesday, July 25. The stock of BioScrip, Inc. (NASDAQ:BIOS) has “Buy” rating given on Thursday, November 2 by Jefferies. SunTrust maintained it with “Buy” rating and $3.25 target in Thursday, March 8 report. The stock of BioScrip, Inc. (NASDAQ:BIOS) has “Buy” rating given on Tuesday, January 3 by Lake Street. Jefferies maintained it with “Buy” rating and $300 target in Thursday, June 8 report. See BioScrip, Inc. (NASDAQ:BIOS) latest ratings:

11/04/2018 Broker: Barrington Rating: Buy New Target: $3.5000 Maintain
08/03/2018 Broker: SunTrust Rating: Buy New Target: $3.25 Maintain
20/12/2017 Broker: SunTrust Rating: Buy New Target: $3.5 Maintain

Investors sentiment increased to 1.19 in 2017 Q4. Its up 0.15, from 1.04 in 2017Q3. It improved, as 66 investors sold BAC shares while 561 reduced holdings. 162 funds opened positions while 585 raised stakes. 6.85 billion shares or 0.98% less from 6.91 billion shares in 2017Q3 were reported. Carlson, Minnesota-based fund reported 7,002 shares. Lee Danner Bass Inc has invested 0.09% in Bank of America Corporation (NYSE:BAC). Cap Fund Mngmt owns 321,550 shares for 0.05% of their portfolio. Moreover, Cumberland Ptnrs Ltd has 2.05% invested in Bank of America Corporation (NYSE:BAC) for 526,475 shares. Smith Moore & Communications holds 9,116 shares. Yhb Inv Inc invested in 0.68% or 134,604 shares. Hm Payson Commerce has invested 0.41% of its portfolio in Bank of America Corporation (NYSE:BAC). Gibraltar Cap Mgmt Inc reported 217,408 shares. Stearns Fincl Services Gru has invested 0.3% of its portfolio in Bank of America Corporation (NYSE:BAC). Davidson Inv Advsrs reported 631,928 shares. Brick Kyle Associates owns 44,635 shares. 74,092 were accumulated by Adams Asset Advisors. Maple Capital Mgmt Incorporated reported 2.37% stake. Longer Incorporated invested in 66,380 shares or 1.64% of the stock. Schwab Charles Invest Management stated it has 0.8% of its portfolio in Bank of America Corporation (NYSE:BAC).

Analysts await Bank of America Corporation (NYSE:BAC) to report earnings on July, 17. They expect $0.64 earnings per share, up 39.13% or $0.18 from last year’s $0.46 per share. BAC’s profit will be $6.49 billion for 11.80 P/E if the $0.64 EPS becomes a reality. After $0.62 actual earnings per share reported by Bank of America Corporation for the previous quarter, Wall Street now forecasts 3.23% EPS growth.

Among 33 analysts covering Bank of America (NYSE:BAC), 22 have Buy rating, 0 Sell and 11 Hold. Therefore 67% are positive. Bank of America had 114 analyst reports since July 21, 2015 according to SRatingsIntel. Sandler O’Neill maintained the stock with “Buy” rating in Friday, January 19 report. BMO Capital Markets maintained Bank of America Corporation (NYSE:BAC) on Friday, October 13 with “Hold” rating. The stock of Bank of America Corporation (NYSE:BAC) earned “Buy” rating by RBC Capital Markets on Wednesday, April 5. JP Morgan maintained the stock with “Overweight” rating in Wednesday, November 1 report. As per Friday, October 6, the company rating was maintained by RBC Capital Markets. The rating was maintained by Keefe Bruyette & Woods with “Buy” on Sunday, August 13. CLSA upgraded the stock to “Outperform” rating in Friday, January 29 report. On Thursday, December 1 the stock rating was downgraded by Standpoint Research to “Hold”. Berenberg downgraded Bank of America Corporation (NYSE:BAC) on Monday, April 24 to “Hold” rating. The company was downgraded on Tuesday, August 11 by Vetr.

More notable recent Bank of America Corporation (NYSE:BAC) news were published by: Seekingalpha.com which released: “Financial sector the winner today” on May 22, 2018, also Bizjournals.com with their article: “Gun-control advocates target Bank of America on Remington deal after Santa Fe shooting” published on May 24, 2018, Seekingalpha.com published: “Bank Of America: Time To Sell?” on May 08, 2018. More interesting news about Bank of America Corporation (NYSE:BAC) were released by: Seekingalpha.com and their article: “Some Merrill Lynch brokers may face clawback in new comp plan: WSJ” published on May 24, 2018 as well as Bizjournals.com‘s news article titled: “Bank of America rolls out AI assistant Erica to all mobile customers” with publication date: May 21, 2018.

More recent BioScrip, Inc. (NASDAQ:BIOS) news were published by: Globenewswire.com which released: “BioScrip to Participate in Upcoming Investor Conferences” on May 16, 2018. Also Globenewswire.com published the news titled: “BioScrip Reports First Quarter 2018 Financial Results” on May 10, 2018. Seekingalpha.com‘s news article titled: “BioScrip (BIOS) Q1 2018 Results – Earnings Call Transcript” with publication date: May 10, 2018 was also an interesting one.

Investors sentiment increased to 1.18 in Q4 2017. Its up 0.13, from 1.05 in 2017Q3. It increased, as 12 investors sold BioScrip, Inc. shares while 28 reduced holdings. 19 funds opened positions while 28 raised stakes. 104.07 million shares or 0.29% less from 104.38 million shares in 2017Q3 were reported. Ares Ltd holds 6.36 million shares or 0.59% of its portfolio. Diamond Hill Cap Mngmt has 3.95 million shares for 0.06% of their portfolio. Barclays Public Limited Company invested 0% in BioScrip, Inc. (NASDAQ:BIOS). Earnest Prns Ltd Liability Corp has 0% invested in BioScrip, Inc. (NASDAQ:BIOS). Voya Invest Management Ltd, Georgia-based fund reported 50,799 shares. Putnam Invests Lc owns 0% invested in BioScrip, Inc. (NASDAQ:BIOS) for 504,135 shares. 126,695 are owned by Parametric Portfolio Limited Co. Vanguard Group Inc Inc invested in 5.40M shares. Susquehanna Grp Incorporated Llp invested 0% of its portfolio in BioScrip, Inc. (NASDAQ:BIOS). Alliancebernstein L P accumulated 0% or 116,100 shares. Continental Advisors Ltd Limited Liability Company reported 0.11% in BioScrip, Inc. (NASDAQ:BIOS). Intl Group accumulated 78,248 shares. Wells Fargo Mn reported 217,450 shares. Dimensional Fund Advisors Lp holds 0% in BioScrip, Inc. (NASDAQ:BIOS) or 887,048 shares. Gilder Gagnon Howe & Limited Company reported 15.63 million shares.

Bank of America Corporation (NYSE:BAC) Institutional Positions Chart

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