132,753 Option Care Health, Inc. $OPCH Shares Bought by Villere ST Denis J & Co. LLC

Key Points

• Villere ST Denis J & Co. increased its Option Care Health stake by 17%, buying 132,753 shares and bringing its holdings to 913,012 shares, worth about $20.5 million.
• Analysts are largely cautious: the stock carries a consensus Hold rating from 16 analysts, with an average price target of $29.48.
• Option Care Health reported quarterly EPS of $0.49, matching estimates, while revenue of $1.49 billion slightly exceeded forecasts and grew 4.1% year over year.

Villere ST Denis J & Co. LLC grew its stake in Option Care Health, Inc. (NASDAQ:OPCH - Free Report) by 17.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 913,012 shares of the company's stock after purchasing an additional 132,753 shares during the period. Option Care Health makes up approximately 2.1% of Villere ST Denis J & Co. LLC's holdings, making the stock its 15th largest holding. Villere ST Denis J & Co. LLC owned approximately 0.61% of Option Care Health worth $20,534,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of OPCH. Reyes Financial Architecture Inc. acquired a new stake in Option Care Health in the third quarter worth $28,000. Covestor Ltd lifted its holdings in Option Care Health by 254.2% during the third quarter. Covestor Ltd now owns 1,445 shares of the company's stock worth $33,000 after acquiring an additional 1,037 shares in the last quarter. Harbor Investment Advisory LLC bought a new position in Option Care Health during the second quarter worth about $48,000. Nykredit A S bought a new position in Option Care Health during the second quarter worth about $56,000. Finally, Public Employees Retirement System of Ohio acquired a new position in Option Care Health in the second quarter valued at about $66,000. 98.05% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

OPCH has been the subject of several analyst reports. William Blair cut shares of Option Care Health from an "outperform" rating to a "market perform" rating in a research note on Tuesday, October 6th. Morgan Stanley set a $32.05 price objective on Option Care Health in a research report on Monday, October 12th. Truist Financial set a $32.05 target price on Option Care Health in a research report on Wednesday, October 7th. Wall Street Zen raised shares of Option Care Health from a "hold" rating to a "buy" rating in a report on Saturday, August 1st. Finally, Barrington Research downgraded shares of Option Care Health from an "outperform" rating to a "hold" rating in a research note on Wednesday, October 7th. Two analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the stock. According to data from MarketBeat, Option Care Health presently has an average rating of "Hold" and a consensus price target of $29.48.

Option Care Health Stock Up 0.1%

Option Care Health stock opened at $31.69 on Tuesday. The firm has a market cap of $4.75 billion, a price-to-earnings ratio of 19.54, a PEG ratio of 1.92 and a beta of 0.47. Option Care Health, Inc. has a 52-week low of $18.01 and a 52-week high of $36.80. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.98 and a current ratio of 1.54. The firm has a 50 day moving average price of $27.45 and a two-hundred day moving average price of $26.35.

Option Care Health (NASDAQ:OPCH - Get Free Report) last posted its earnings results on Wednesday, November 4th. The company reported $0.49 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.49. The firm had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.48 billion. Option Care Health had a net margin of 3.74% and a return on equity of 19.06%. The business's revenue was up 4.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.45 EPS. Equities analysts predict that Option Care Health, Inc. will post 1.70 EPS for the current year.

About Option Care Health

Option Care Health, Inc is a U.S. provider of home and alternate-site infusion therapy services. The company coordinates infusion care for patients who need medications or nutritional support administered outside a hospital, including in their homes or at infusion centers.

Its services include specialty pharmacy, nursing, care coordination and clinical support. Option Care Health provides therapies for a range of acute and chronic conditions, including immune disorders, infections, bleeding disorders and nutritional needs.

The company serves patients and health care providers across the United States.

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