Signaturefd LLC Has $28,000 Holdings in Option Care Health, Inc. (NASDAQ:OPCH)

Signaturefd LLC raised its position in shares of Option Care Health, Inc. (NASDAQ:OPCH) by 487.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,211 shares of the company’s stock after purchasing an additional 1,005 shares during the period. Signaturefd LLC’s holdings in Option Care Health were worth $28,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Cornerstone Investment Partners LLC raised its position in Option Care Health by 3.6% during the fourth quarter. Cornerstone Investment Partners LLC now owns 9,544 shares of the company’s stock valued at $221,000 after acquiring an additional 333 shares in the last quarter. UMB Bank n.a. increased its stake in shares of Option Care Health by 41.7% during the 4th quarter. UMB Bank n.a. now owns 1,176 shares of the company’s stock worth $27,000 after purchasing an additional 346 shares during the last quarter. Assetmark Inc. raised its holdings in shares of Option Care Health by 2.0% during the 4th quarter. Assetmark Inc. now owns 24,976 shares of the company’s stock valued at $579,000 after purchasing an additional 487 shares in the last quarter. Pacer Advisors Inc. lifted its stake in shares of Option Care Health by 2.2% in the 4th quarter. Pacer Advisors Inc. now owns 25,483 shares of the company’s stock valued at $591,000 after purchasing an additional 537 shares during the last quarter. Finally, Sheets Smith Wealth Management lifted its stake in shares of Option Care Health by 2.4% in the 4th quarter. Sheets Smith Wealth Management now owns 23,856 shares of the company’s stock valued at $553,000 after purchasing an additional 550 shares during the last quarter. Institutional investors own 98.05% of the company’s stock.

Option Care Health Stock Performance

OPCH opened at $35.18 on Wednesday. The company has a quick ratio of 1.32, a current ratio of 1.73 and a debt-to-equity ratio of 0.77. The stock’s 50 day moving average price is $32.11 and its two-hundred day moving average price is $28.33. The firm has a market capitalization of $5.78 billion, a P/E ratio of 29.56, a price-to-earnings-growth ratio of 2.30 and a beta of 1.33. Option Care Health, Inc. has a 12-month low of $21.39 and a 12-month high of $35.44.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. JMP Securities reissued a “market outperform” rating and set a $30.00 target price (down from $31.00) on shares of Option Care Health in a research report on Friday, January 10th. JPMorgan Chase & Co. increased their price objective on Option Care Health from $40.00 to $41.00 and gave the company an “overweight” rating in a report on Thursday, March 6th. UBS Group initiated coverage on Option Care Health in a report on Thursday, December 5th. They issued a “neutral” rating and a $26.00 target price for the company. Jefferies Financial Group upgraded Option Care Health from a “hold” rating to a “buy” rating and increased their price target for the company from $26.00 to $35.00 in a report on Thursday, January 23rd. Finally, Bank of America raised shares of Option Care Health from a “neutral” rating to a “buy” rating and lifted their price target for the company from $26.00 to $33.00 in a research report on Monday, January 13th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $33.00.

Insider Activity

In related news, insider Michael Bavaro sold 30,996 shares of the business’s stock in a transaction on Friday, February 28th. The shares were sold at an average price of $33.26, for a total transaction of $1,030,926.96. Following the transaction, the insider now owns 44,974 shares of the company’s stock, valued at approximately $1,495,835.24. The trade was a 40.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.64% of the stock is owned by company insiders.

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.