Dimensional Fund Advisors LP Purchases 591,042 Shares of Option Care Health, Inc. (NASDAQ:OPCH)

Dimensional Fund Advisors LP raised its position in shares of Option Care Health, Inc. (NASDAQ:OPCH - Free Report) by 17.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,988,051 shares of the company's stock after acquiring an additional 591,042 shares during the quarter. Dimensional Fund Advisors LP owned approximately 2.34% of Option Care Health worth $92,518,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in OPCH. Canada Pension Plan Investment Board increased its stake in shares of Option Care Health by 59.7% in the 4th quarter. Canada Pension Plan Investment Board now owns 40,400 shares of the company's stock worth $937,000 after acquiring an additional 15,100 shares in the last quarter. Marshall Wace LLP increased its stake in shares of Option Care Health by 33.7% during the fourth quarter. Marshall Wace LLP now owns 1,097,714 shares of the company's stock valued at $25,467,000 after purchasing an additional 276,765 shares in the last quarter. Gamco Investors INC. ET AL increased its stake in shares of Option Care Health by 18.9% during the fourth quarter. Gamco Investors INC. ET AL now owns 108,957 shares of the company's stock valued at $2,528,000 after purchasing an additional 17,334 shares in the last quarter. Gabelli Funds LLC lifted its holdings in shares of Option Care Health by 7.3% during the fourth quarter. Gabelli Funds LLC now owns 563,100 shares of the company's stock valued at $13,064,000 after purchasing an additional 38,458 shares during the last quarter. Finally, Jump Financial LLC bought a new stake in shares of Option Care Health in the 4th quarter worth approximately $1,790,000. Hedge funds and other institutional investors own 98.05% of the company's stock.

Insider Activity

In other Option Care Health news, insider Michael Bavaro sold 30,996 shares of the company's stock in a transaction dated Friday, February 28th. The stock was 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 owns 44,974 shares in the company, valued at $1,495,835.24. This represents a 40.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 0.64% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. UBS Group upgraded Option Care Health from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $38.00 to $40.00 in a research note on Wednesday. JMP Securities restated a "market outperform" rating and set a $36.00 price objective on shares of Option Care Health in a research note on Tuesday, April 22nd. JPMorgan Chase & Co. upped their target price on shares of Option Care Health from $40.00 to $41.00 and gave the stock an "overweight" rating in a research note on Thursday, March 6th. Bank of America raised shares of Option Care Health from a "neutral" rating to a "buy" rating and raised their price target for the company from $26.00 to $33.00 in a research report on Monday, January 13th. Finally, Barrington Research reissued an "outperform" rating and issued a $38.00 target price on shares of Option Care Health in a report on Wednesday. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $35.50.

Option Care Health Stock Performance

OPCH stock traded up $0.78 during trading on Friday, reaching $32.95. The stock had a trading volume of 3,358,100 shares, compared to its average volume of 1,826,002. The stock's 50 day moving average is $33.34 and its two-hundred day moving average is $28.83. The firm has a market cap of $5.41 billion, a PE ratio of 27.69, a PEG ratio of 2.30 and a beta of 1.07. Option Care Health, Inc. has a 52 week low of $21.39 and a 52 week high of $35.53. The company has a current ratio of 1.73, a quick ratio of 1.32 and a debt-to-equity ratio of 0.77.

Option Care Health (NASDAQ:OPCH - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $0.40 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 company had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter last year, the firm posted $0.26 earnings per share. The firm's revenue was up 16.3% compared to the same quarter last year. As a group, equities analysts anticipate that Option Care Health, Inc. will post 1.22 earnings per share for the current 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.