Citigroup Inc. Has $18.81 Million Stock Position in Option Care Health, Inc. (NASDAQ:OPCH)

Citigroup Inc. cut its holdings in shares of Option Care Health, Inc. (NASDAQ:OPCH - Free Report) by 3.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 538,158 shares of the company's stock after selling 21,992 shares during the quarter. Citigroup Inc. owned 0.33% of Option Care Health worth $18,809,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Allspring Global Investments Holdings LLC lifted its holdings in shares of Option Care Health by 6,525,926.1% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,500,986 shares of the company's stock valued at $52,459,000 after buying an additional 1,500,963 shares during the last quarter. Voloridge Investment Management LLC acquired a new stake in shares of Option Care Health during the 4th quarter valued at about $27,428,000. Freestone Grove Partners LP acquired a new stake in shares of Option Care Health during the 4th quarter valued at about $17,487,000. Dimensional Fund Advisors LP lifted its holdings in shares of Option Care Health by 17.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,988,051 shares of the company's stock valued at $92,518,000 after buying an additional 591,042 shares during the last quarter. Finally, Alyeska Investment Group L.P. lifted its holdings in shares of Option Care Health by 159.0% during the 4th quarter. Alyeska Investment Group L.P. now owns 732,948 shares of the company's stock valued at $17,004,000 after buying an additional 450,000 shares during the last quarter. 98.05% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

OPCH has been the subject of several research reports. UBS Group upgraded Option Care Health from a "neutral" rating to a "buy" rating and lifted their price target for the company from $38.00 to $40.00 in a report on Wednesday, April 30th. Barrington Research reiterated an "outperform" rating and set a $38.00 price target on shares of Option Care Health in a report on Thursday, July 10th. JMP Securities lifted their price target on shares of Option Care Health from $36.00 to $38.00 and gave the company a "market outperform" rating in a research report on Thursday, July 31st. Finally, Citigroup reissued an "outperform" rating on shares of Option Care Health in a research report on Thursday, July 31st. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $35.75.

Option Care Health Stock Performance

Shares of OPCH stock traded down $0.09 during trading hours on Friday, reaching $28.32. 1,179,882 shares of the company's stock were exchanged, compared to its average volume of 1,593,526. Option Care Health, Inc. has a fifty-two week low of $21.39 and a fifty-two week high of $35.53. The stock has a market capitalization of $4.60 billion, a P/E ratio of 22.66, a P/E/G ratio of 1.80 and a beta of 0.79. The business has a fifty day moving average price of $30.29 and a 200-day moving average price of $31.85. The company has a quick ratio of 1.00, a current ratio of 1.52 and a debt-to-equity ratio of 0.81.

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