Adage Capital Partners GP L.L.C. Lowers Stock Position in Option Care Health, Inc. (NASDAQ:OPCH)

Adage Capital Partners GP L.L.C. lowered its position in Option Care Health, Inc. (NASDAQ:OPCH - Free Report) by 24.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 46,000 shares of the company's stock after selling 15,000 shares during the period. Adage Capital Partners GP L.L.C.'s holdings in Option Care Health were worth $1,067,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Murphy & Mullick Capital Management Corp acquired a new position in shares of Option Care Health during the 4th quarter worth about $26,000. UMB Bank n.a. grew its holdings in shares of Option Care Health by 41.7% in the fourth quarter. UMB Bank n.a. now owns 1,176 shares of the company's stock valued at $27,000 after purchasing an additional 346 shares during the period. Signaturefd LLC increased its position in Option Care Health by 487.9% during the fourth quarter. Signaturefd LLC now owns 1,211 shares of the company's stock worth $28,000 after purchasing an additional 1,005 shares during the last quarter. Quadrant Capital Group LLC lifted its holdings in Option Care Health by 172.8% in the fourth quarter. Quadrant Capital Group LLC now owns 1,735 shares of the company's stock valued at $40,000 after acquiring an additional 1,099 shares during the last quarter. Finally, Sterling Capital Management LLC lifted its stake in shares of Option Care Health by 638.5% in the 4th quarter. Sterling Capital Management LLC now owns 2,954 shares of the company's stock valued at $69,000 after purchasing an additional 2,554 shares during the last quarter. 98.05% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Option Care Health

In other Option Care Health news, insider Michael Bavaro sold 30,996 shares of Option Care Health stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $33.26, for a total value of $1,030,926.96. Following the completion of the sale, the insider now directly 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.64% of the company's stock.

Analyst Ratings Changes

A number of research firms recently weighed in on OPCH. JPMorgan Chase & Co. increased their price objective on shares of Option Care Health from $40.00 to $41.00 and gave the stock an "overweight" rating in a research report on Thursday, March 6th. Bank of America raised Option Care Health from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $26.00 to $33.00 in a research report on Monday, January 13th. JMP Securities restated a "market outperform" rating and issued a $36.00 price objective on shares of Option Care Health in a research note on Tuesday, April 22nd. Jefferies Financial Group upgraded shares of Option Care Health from a "hold" rating to a "buy" rating and upped their price target for the company from $26.00 to $35.00 in a research report on Thursday, January 23rd. Finally, Barrington Research reiterated an "outperform" rating and issued a $38.00 target price on shares of Option Care Health in a research note on Wednesday. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $35.50.

Option Care Health Price Performance

OPCH stock traded up $0.78 during trading on Friday, reaching $32.95. 3,358,100 shares of the company were exchanged, compared to its average volume of 1,827,653. The company has a market cap of $5.41 billion, a P/E ratio of 27.69, a PEG ratio of 2.30 and a beta of 1.07. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.32 and a current ratio of 1.73. The stock's 50 day moving average price is $33.35 and its 200 day moving average price is $28.85. Option Care Health, Inc. has a 52-week low of $21.39 and a 52-week high of $35.53.

Option Care Health (NASDAQ:OPCH - Get Free Report) last posted its earnings results on Tuesday, April 29th. The company reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.04. Option Care Health had a net margin of 4.37% and a return on equity of 15.30%. The firm had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.26 billion. During the same period last year, the firm posted $0.26 EPS. The firm's revenue for the quarter was up 16.3% on a year-over-year basis. As a group, analysts predict that Option Care Health, Inc. will post 1.22 earnings per share for the current fiscal year.

Option Care Health Company 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.