Allspring Global Investments Holdings LLC Boosts Stake in Option Care Health, Inc. (NASDAQ:OPCH)

Allspring Global Investments Holdings LLC lifted its holdings in Option Care Health, Inc. (NASDAQ:OPCH - Free Report) by 6,525,926.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,500,986 shares of the company's stock after buying an additional 1,500,963 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.91% of Option Care Health worth $52,459,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of OPCH. Murphy & Mullick Capital Management Corp purchased a new position in shares of Option Care Health in the fourth quarter worth about $26,000. 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 increased its position in shares of Option Care Health by 172.8% during 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. Public Employees Retirement System of Ohio increased its position in shares of Option Care Health by 21.6% during the fourth quarter. Public Employees Retirement System of Ohio now owns 1,870 shares of the company's stock valued at $43,000 after acquiring an additional 332 shares during the last quarter. Finally, Johnson Financial Group Inc. acquired a new stake in shares of Option Care Health during the fourth quarter valued at about $47,000. 98.05% of the stock is owned by hedge funds and other institutional investors.

Option Care Health Stock Up 0.8%

Shares of Option Care Health stock opened at $32.25 on Monday. Option Care Health, Inc. has a 52-week low of $21.39 and a 52-week high of $35.53. The company has a 50 day moving average of $32.06 and a 200 day moving average of $30.93. The company has a quick ratio of 1.02, a current ratio of 1.54 and a debt-to-equity ratio of 0.82. The company has a market capitalization of $5.28 billion, a P/E ratio of 26.01, a P/E/G ratio of 1.95 and a beta of 0.74.

Option Care Health (NASDAQ:OPCH - Get Free Report) last issued its quarterly earnings results 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 4.12% and a return on equity of 16.90%. The company had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter in the previous year, the firm earned $0.26 earnings per share. The firm's quarterly revenue was up 16.3% on a year-over-year basis. As a group, research analysts forecast that Option Care Health, Inc. will post 1.22 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on OPCH shares. JMP Securities restated a "market outperform" rating and issued a $36.00 price objective on shares of Option Care Health in a report on Wednesday, June 18th. Barrington Research restated an "outperform" rating and issued a $38.00 price objective on shares of Option Care Health in a report on Wednesday, April 30th. UBS Group upgraded shares of 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 report on Wednesday, April 30th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Option Care Health from $40.00 to $41.00 and gave the company an "overweight" rating in a report on Thursday, March 6th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $35.50.

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.

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