Massachusetts Financial Services Co. MA Has $40.92 Million Holdings in Option Care Health, Inc. $OPCH

Key Points

• Massachusetts Financial Services Co. MA increased its stake in Option Care Health by 3.2% in Q4 and now owns 1,284,239 shares — a 0.81% stake valued at $40.92 million.
• Analysts have a consensus rating of "Moderate Buy" with an average price target of $37.27 (1 Strong Buy, 8 Buy, 2 Hold), suggesting potential upside from the recent open price of $27.90.
• In the latest quarter Option Care reported EPS of $0.46 (in line with estimates) and revenue of $1.47 billion, up 8.8% year-over-year; the stock has a market cap of $4.38 billion and a P/E of 21.8.

Massachusetts Financial Services Co. MA grew its holdings in Option Care Health, Inc. (NASDAQ:OPCH - Free Report) by 3.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,284,239 shares of the company's stock after acquiring an additional 39,918 shares during the quarter. Massachusetts Financial Services Co. MA owned 0.81% of Option Care Health worth $40,916,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of OPCH. Sheets Smith Wealth Management increased its position in Option Care Health by 1.3% during the fourth quarter. Sheets Smith Wealth Management now owns 26,167 shares of the company's stock worth $834,000 after acquiring an additional 326 shares during the period. Arizona State Retirement System boosted its holdings in Option Care Health by 1.1% in the 3rd quarter. Arizona State Retirement System now owns 48,472 shares of the company's stock valued at $1,346,000 after purchasing an additional 540 shares during the period. GAMMA Investing LLC grew its position in Option Care Health by 24.1% in the 3rd quarter. GAMMA Investing LLC now owns 3,093 shares of the company's stock worth $86,000 after purchasing an additional 600 shares during the last quarter. Blue Trust Inc. grew its position in Option Care Health by 8.0% in the 4th quarter. Blue Trust Inc. now owns 9,187 shares of the company's stock worth $293,000 after purchasing an additional 679 shares during the last quarter. Finally, Allworth Financial LP increased its holdings in shares of Option Care Health by 31.3% during the 3rd quarter. Allworth Financial LP now owns 2,938 shares of the company's stock worth $82,000 after purchasing an additional 701 shares during the period. Institutional investors and hedge funds own 98.05% of the company's stock.

Analyst Ratings Changes

OPCH has been the subject of a number of research analyst reports. Citizens Jmp reaffirmed a "market outperform" rating and set a $38.00 price objective (up from $36.00) on shares of Option Care Health in a research report on Tuesday, January 13th. National Bank Financial set a $37.00 price target on Option Care Health in a research note on Tuesday, January 27th. Truist Financial set a $40.00 price target on Option Care Health in a report on Tuesday, January 13th. TD Cowen reiterated a "hold" rating on shares of Option Care Health in a research report on Tuesday, January 27th. Finally, Citigroup reissued an "outperform" rating on shares of Option Care Health in a report on Tuesday, January 13th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $37.27.

Option Care Health Stock Performance

NASDAQ OPCH opened at $27.90 on Wednesday. Option Care Health, Inc. has a twelve month low of $24.24 and a twelve month high of $36.80. The company has a quick ratio of 0.96, a current ratio of 1.53 and a debt-to-equity ratio of 0.87. The stock has a market cap of $4.38 billion, a P/E ratio of 21.80, a PEG ratio of 1.62 and a beta of 0.95. The company's 50-day simple moving average is $30.83 and its 200 day simple moving average is $30.72.

Option Care Health (NASDAQ:OPCH - Get Free Report) last released its quarterly earnings data on Tuesday, February 24th. The company reported $0.46 earnings per share for the quarter, meeting analysts' consensus estimates of $0.46. Option Care Health had a return on equity of 18.57% and a net margin of 3.67%.The company had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.46 billion. During the same period in the previous year, the business earned $0.44 earnings per share. The company's quarterly revenue was up 8.8% on a year-over-year basis. As a group, research analysts forecast that Option Care Health, Inc. will post 1.22 earnings per share for the current fiscal year.

About Option Care Health

Option Care Health NASDAQ: OPCH is a leading provider of home and alternate site infusion services in the United States. The company specializes in the administration of injectable therapies, including antibiotics, nutrition, hydration, immunoglobulin, pain management and specialty pharmaceuticals. Through its nationwide network of infusion pharmacies and nursing professionals, Option Care Health delivers customized care plans and in-home nursing visits to patients managing complex or chronic conditions outside of a hospital setting.

Option Care Health traces its current structure to the completion of its merger with BioScrip in early 2021, combining two of the industry's most experienced home infusion businesses.

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