14,133 Shares in Option Care Health, Inc. (NASDAQ:OPCH) Acquired by Avantax Advisory Services Inc.

Key Points

• Avantax Advisory Services Inc. has acquired 14,133 shares of Option Care Health, Inc. (NASDAQ:OPCH), valued at approximately $494,000, as noted in their recent 13F filing with the SEC.
• Several institutional investors, including the Public Employees Retirement System of Ohio and State of Michigan Retirement System, have increased their stakes in Option Care Health, indicating a strong interest in the company.
• Analysts are optimistic about OPCH, with eight buy ratings and a consensus target price of $35.75, reflecting confidence in the company’s future performance.

Avantax Advisory Services Inc. bought a new position in shares of Option Care Health, Inc. (NASDAQ:OPCH - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 14,133 shares of the company's stock, valued at approximately $494,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Public Employees Retirement System of Ohio grew its position in shares of Option Care Health by 21.6% in the 4th quarter. Public Employees Retirement System of Ohio now owns 1,870 shares of the company's stock worth $43,000 after buying an additional 332 shares during the last quarter. State of Michigan Retirement System boosted its stake in Option Care Health by 1.2% in the first quarter. State of Michigan Retirement System now owns 40,759 shares of the company's stock valued at $1,425,000 after acquiring an additional 500 shares in the last quarter. Louisiana State Employees Retirement System grew its holdings in Option Care Health by 1.1% in the first quarter. Louisiana State Employees Retirement System now owns 47,700 shares of the company's stock worth $1,667,000 after purchasing an additional 500 shares during the last quarter. State of Alaska Department of Revenue increased its position in shares of Option Care Health by 2.7% during the first quarter. State of Alaska Department of Revenue now owns 19,931 shares of the company's stock worth $696,000 after purchasing an additional 525 shares in the last quarter. Finally, Mackenzie Financial Corp lifted its holdings in shares of Option Care Health by 1.1% during the 4th quarter. Mackenzie Financial Corp now owns 49,579 shares of the company's stock valued at $1,150,000 after purchasing an additional 556 shares during the last quarter. Institutional investors own 98.05% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on OPCH. UBS Group upgraded shares of Option Care Health from a "neutral" rating to a "buy" rating and upped their price target for the company from $38.00 to $40.00 in a research note on Wednesday, April 30th. Barrington Research reissued an "outperform" rating and issued a $38.00 target price on shares of Option Care Health in a research report on Thursday, July 10th. Citigroup reaffirmed an "outperform" rating on shares of Option Care Health in a research report on Thursday, July 31st. Finally, JMP Securities increased their price objective on Option Care Health from $36.00 to $38.00 and gave the company a "market outperform" rating in a report on Thursday, July 31st. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, Option Care Health currently has a consensus rating of "Moderate Buy" and a consensus target price of $35.75.

Option Care Health Stock Performance

Shares of OPCH stock opened at $28.10 on Wednesday. The company has a current ratio of 1.52, a quick ratio of 1.00 and a debt-to-equity ratio of 0.81. The stock has a 50 day simple moving average of $30.90 and a 200-day simple moving average of $31.97. The company has a market cap of $4.56 billion, a price-to-earnings ratio of 22.48, a price-to-earnings-growth ratio of 1.79 and a beta of 0.79. Option Care Health, Inc. has a 12-month low of $21.39 and a 12-month high of $35.53.

Option Care Health (NASDAQ:OPCH - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.40 by $0.01. Option Care Health had a net margin of 3.93% and a return on equity of 17.53%. The business had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.35 billion. During the same period in the prior year, the business earned $0.30 earnings per share. The company's quarterly revenue was up 15.4% on a year-over-year basis. On average, equities analysts forecast that Option Care Health, Inc. will post 1.22 EPS for the current year.

About Option Care Health

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.

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