Option Care Health, Inc. (NASDAQ:OPCH) Shares Acquired by Quest Partners LLC

Quest Partners LLC increased its stake in Option Care Health, Inc. (NASDAQ:OPCH) by 5.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,962 shares of the company’s stock after acquiring an additional 1,216 shares during the period. Quest Partners LLC’s holdings in Option Care Health were worth $636,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Principal Securities Inc. acquired a new stake in Option Care Health in the 4th quarter valued at about $27,000. Parallel Advisors LLC raised its holdings in Option Care Health by 130.2% in the fourth quarter. Parallel Advisors LLC now owns 845 shares of the company’s stock valued at $28,000 after acquiring an additional 478 shares in the last quarter. TFO Wealth Partners LLC grew its holdings in Option Care Health by 24,625.0% during the 4th quarter. TFO Wealth Partners LLC now owns 989 shares of the company’s stock worth $33,000 after acquiring an additional 985 shares in the last quarter. Park Place Capital Corp increased its position in shares of Option Care Health by 48.4% in the 1st quarter. Park Place Capital Corp now owns 1,140 shares of the company’s stock valued at $38,000 after purchasing an additional 372 shares during the last quarter. Finally, Blue Trust Inc. raised its holdings in shares of Option Care Health by 14.8% in the 2nd quarter. Blue Trust Inc. now owns 2,931 shares of the company’s stock valued at $81,000 after purchasing an additional 377 shares in the last quarter. 98.05% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. JMP Securities initiated coverage on shares of Option Care Health in a research note on Tuesday, July 16th. They set an “outperform” rating and a $36.00 target price for the company. Barrington Research increased their price objective on Option Care Health from $38.00 to $40.00 and gave the company an “outperform” rating in a report on Thursday, August 1st.

Option Care Health Price Performance

Shares of NASDAQ:OPCH opened at $32.43 on Thursday. Option Care Health, Inc. has a 12 month low of $26.11 and a 12 month high of $35.24. The firm has a market capitalization of $5.64 billion, a P/E ratio of 21.34, a P/E/G ratio of 2.44 and a beta of 1.29. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.76 and a quick ratio of 1.36. The company’s fifty day moving average price is $30.64 and its 200 day moving average price is $30.49.

Option Care Health (NASDAQ:OPCH) last posted its earnings results on Wednesday, July 31st. The company reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.03. The business had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.17 billion. Option Care Health had a return on equity of 14.82% and a net margin of 4.60%. The business’s revenue was up 14.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.63 earnings per share. As a group, sell-side analysts predict that Option Care Health, Inc. will post 1.22 earnings per share for the current fiscal year.

Insider Activity

In other Option Care Health news, CFO Michael H. Shapiro sold 23,217 shares of the firm’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $30.95, for a total transaction of $718,566.15. Following the transaction, the chief financial officer now directly owns 247,317 shares of the company’s stock, valued at approximately $7,654,461.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Elizabeth Quadros Betten sold 47,531 shares of the stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $31.09, for a total transaction of $1,477,738.79. Following the completion of the sale, the director now directly owns 21,339 shares of the company’s stock, valued at $663,429.51. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Michael H. Shapiro sold 23,217 shares of Option Care Health stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $30.95, for a total transaction of $718,566.15. Following the completion of the transaction, the chief financial officer now owns 247,317 shares in the company, valued at $7,654,461.15. The disclosure for this sale can be found here. Corporate insiders own 0.64% of the company’s stock.

Option Care Health Profile

Option Care Health, Inc offers home and alternate site infusion services in the United States. The company provides anti-infective therapies; home infusion services to treat heart failures; home parenteral nutrition and enteral nutrition support services for numerous acute and chronic conditions, such as stroke, cancer, and gastrointestinal diseases; immunoglobulin infusion therapies for the treatment of immune deficiencies; and treatments for chronic inflammatory disorders, including crohn's disease, plaque psoriasis, psoriatic arthritis, rheumatoid arthritis, ulcerative colitis, and other chronic inflammatory disorders.