JP Morgan Initiates Neutral Coverage on OPKO Health Amid Changing Fund Sentiment

Fintel reports that on April 25, 2025, JP Morgan initiated coverage of OPKO Health (BMV:OPK) with a Neutral rating.

Fund Sentiment Overview

Currently, 414 funds and institutions hold positions in OPKO Health, marking an increase of 32 owners (8.38%) in the last quarter. The average portfolio weight for these funds in OPKO stands at 0.10%, reflecting a rise of 5.01%. However, total institutional ownership declined slightly by 0.11% to 233,148K shares over the last three months.

Shareholder Actions

Rubric Capital Management maintains a steady position with 48,707K shares, accounting for 7.25% ownership of OPKO.

The iShares Russell 2000 ETF (IWM) holds 8,818K shares, or 1.31% ownership. Previously, the firm reported 8,495K shares, showing a 3.66% increase. Despite this, there was a 1.33% decrease in its overall portfolio allocation to OPKO last quarter.

Vanguard Total Stock Market Index Fund Investor Shares (VTSMX) now holds 8,780K shares, representing 1.31% ownership. This indicates a 0.84% decrease from the earlier reported 8,853K shares, along with a 3.58% reduction in portfolio allocation to OPKO during the last quarter.

Geode Capital Management holds 8,385K shares for a 1.25% ownership stake. This is a marginal 0.12% increase from the prior 8,375K shares, though the portfolio allocation in OPKO decreased by 5.47%.

Finally, the Vanguard Small-Cap Index Fund Investor Shares (NAESX) reports 6,953K shares, representing 1.04% ownership. This is a 0.56% decrease from 6,993K shares in the prior filing, with a 4.17% decline in its allocation to OPKO last quarter.