Option Care Health, Inc. (NASDAQ:OPCH) Shares Acquired by Bridges Investment Management Inc.

Bridges Investment Management Inc. raised its holdings in Option Care Health, Inc. (NASDAQ:OPCH - Free Report) by 133.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 49,031 shares of the company's stock after purchasing an additional 28,019 shares during the quarter. Bridges Investment Management Inc.'s holdings in Option Care Health were worth $1,714,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in OPCH. Public Employees Retirement System of Ohio grew its holdings in 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 worth $43,000 after acquiring an additional 332 shares during the period. Assetmark Inc. boosted its stake in shares of Option Care Health by 2.0% during the 4th quarter. Assetmark Inc. now owns 24,976 shares of the company's stock worth $579,000 after acquiring an additional 487 shares in the last quarter. State of Alaska Department of Revenue grew its holdings in shares of Option Care Health by 2.7% in the 1st quarter. State of Alaska Department of Revenue now owns 19,931 shares of the company's stock worth $696,000 after acquiring an additional 525 shares during the period. Mackenzie Financial Corp increased its stake in Option Care Health by 1.1% in 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 in the last quarter. Finally, Bessemer Group Inc. raised its holdings in Option Care Health by 62.3% during the first quarter. Bessemer Group Inc. now owns 1,560 shares of the company's stock worth $54,000 after purchasing an additional 599 shares during the last quarter. 98.05% of the stock is owned by hedge funds and other institutional investors.

Option Care Health Trading Down 2.0%

Shares of Option Care Health stock traded down $0.61 during trading hours on Friday, reaching $29.88. 1,042,047 shares of the company's stock were exchanged, compared to its average volume of 1,852,837. Option Care Health, Inc. has a 52-week low of $21.39 and a 52-week high of $35.53. The company has a fifty day moving average of $31.80 and a 200-day moving average of $31.48. The company has a current ratio of 1.54, a quick ratio of 1.02 and a debt-to-equity ratio of 0.82. The firm has a market capitalization of $4.89 billion, a price-to-earnings ratio of 24.10, a price-to-earnings-growth ratio of 1.81 and a beta of 0.73.

Option Care Health (NASDAQ:OPCH - Get Free Report) last released its earnings results on Tuesday, April 29th. The company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.36 by $0.04. Option Care Health had a return on equity of 16.90% and a net margin of 4.12%. The firm had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.26 billion. During the same period in the prior year, the firm posted $0.26 earnings per share. The business's quarterly revenue was up 16.3% compared to the same quarter last year. Sell-side analysts forecast that Option Care Health, Inc. will post 1.22 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on OPCH. UBS Group raised Option Care Health from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $38.00 to $40.00 in a research note on Wednesday, April 30th. JMP Securities restated a "market outperform" rating and set a $36.00 price objective on shares of Option Care Health in a research report on Wednesday, June 18th. Finally, Barrington Research reissued an "outperform" rating and set a $38.00 price target on shares of Option Care Health in a research report on Thursday. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average 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.