ARGA Investment Management LP Buys 89,979 Shares of Option Care Health, Inc. $OPCH

Key Points

• ARGA Investment Management initiated a position in Option Care Health, buying 89,979 shares worth about $2.02 million, or roughly 0.06% of the company.
• Other institutional investors also increased or initiated holdings; hedge funds and institutions collectively own 98.05% of the stock.
• Analyst sentiment is broadly neutral: the consensus rating is Hold, with two Buy ratings and 14 Hold ratings and an average price target of $29.48.

ARGA Investment Management LP bought a new position in Option Care Health, Inc. (NASDAQ:OPCH - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 89,979 shares of the company's stock, valued at approximately $2,024,000. ARGA Investment Management LP owned about 0.06% of Option Care Health at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the company. Squarepoint Ops LLC boosted its holdings in shares of Option Care Health by 234.1% in the 2nd quarter. Squarepoint Ops LLC now owns 434,408 shares of the company's stock worth $9,110,000 after purchasing an additional 304,376 shares during the period. Raiffeisen Bank International AG boosted its stake in Option Care Health by 92.3% during the second quarter. Raiffeisen Bank International AG now owns 250,000 shares of the company's stock worth $5,330,000 after buying an additional 120,000 shares during the period. Sumitomo Mitsui Trust Group Inc. purchased a new position in Option Care Health during the first quarter worth $70,287,000. Paralel Advisors LLC bought a new position in Option Care Health during the second quarter valued at $1,800,000. Finally, Van Berkom & Associates Inc. bought a new position in Option Care Health during the first quarter valued at $42,739,000. 98.05% of the stock is currently owned by hedge funds and other institutional investors.

Option Care Health Trading Up 0.3%

NASDAQ OPCH opened at $31.77 on Wednesday. The stock has a market cap of $4.76 billion, a PE ratio of 20.06, a PEG ratio of 1.93 and a beta of 0.47. Option Care Health, Inc. has a 12 month low of $18.01 and a 12 month high of $36.80. The company's 50-day moving average price is $26.83 and its 200-day moving average price is $26.44. The company has a current ratio of 1.47, a quick ratio of 0.98 and a debt-to-equity ratio of 0.91.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Jefferies Financial Group downgraded shares of Option Care Health from a "buy" rating to a "hold" rating and upped their price target for the company from $28.00 to $32.05 in a report on Tuesday, October 6th. Deutsche Bank Aktiengesellschaft downgraded shares of Option Care Health from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $26.00 to $24.00 in a research note on Thursday, July 30th. Barrington Research downgraded shares of Option Care Health from an "outperform" rating to a "hold" rating in a research note on Wednesday, October 7th. Citizens Jmp lowered Option Care Health from a "market outperform" rating to a "hold" rating in a research report on Wednesday, October 7th. Finally, JPMorgan Chase & Co. cut Option Care Health from an "overweight" rating to a "neutral" rating and set a $33.00 target price on the stock. in a research note on Wednesday, October 7th. Two equities research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company. According to data from MarketBeat, Option Care Health currently has a consensus rating of "Hold" and an average price target of $29.48.

About Option Care Health

Option Care Health, Inc is an independent provider of home and alternate-site infusion services in the United States. The company coordinates and delivers infusion therapy outside traditional hospital settings, including patients' homes, ambulatory infusion suites and other outpatient locations.

Its services include administration of anti-infective therapies, immune globulin, nutrition support, inotropic therapies and medications used in the treatment of chronic and complex conditions.

Want to see what other hedge funds are holding OPCH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Option Care Health, Inc. (NASDAQ:OPCH - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.