Wedge Capital Management L L P NC Sells 21,578 Shares of Option Care Health, Inc. (NASDAQ:OPCH)

Wedge Capital Management L L P NC trimmed its holdings in shares of Option Care Health, Inc. (NASDAQ:OPCH - Free Report) by 15.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 118,287 shares of the company's stock after selling 21,578 shares during the period. Wedge Capital Management L L P NC owned about 0.07% of Option Care Health worth $4,134,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Murphy & Mullick Capital Management Corp bought a new position in shares of Option Care Health in the fourth quarter worth approximately $26,000. Signaturefd LLC grew its holdings in Option Care Health by 487.9% in the 4th quarter. Signaturefd LLC now owns 1,211 shares of the company's stock worth $28,000 after acquiring 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% in 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 period. Public Employees Retirement System of Ohio increased its position in shares of Option Care Health by 21.6% in 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 period. Finally, Johnson Financial Group Inc. bought a new position in shares of Option Care Health during the fourth quarter valued at about $47,000. 98.05% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on OPCH shares. JMP Securities reissued a "market outperform" rating and issued a $36.00 target price on shares of Option Care Health in a research note on Tuesday, April 22nd. 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 raised shares of Option Care Health from a "neutral" rating to a "buy" rating and raised their target price for the stock from $38.00 to $40.00 in a research report on Wednesday, April 30th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Option Care Health from $40.00 to $41.00 and gave the company an "overweight" rating in a research note on Thursday, March 6th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $35.50.

Option Care Health Stock Up 0.3%

Option Care Health stock traded up $0.11 on Wednesday, hitting $32.26. 109,690 shares of the stock traded hands, compared to its average volume of 1,863,857. Option Care Health, Inc. has a 1 year low of $21.39 and a 1 year high of $35.53. The firm has a market cap of $5.28 billion, a P/E ratio of 27.11, a price-to-earnings-growth ratio of 2.30 and a beta of 0.74. The company has a current ratio of 1.73, a quick ratio of 1.32 and a debt-to-equity ratio of 0.77. The business's fifty day simple moving average is $32.30 and its 200 day simple moving average is $30.14.

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 the consensus estimate of $0.36 by $0.04. Option Care Health had a net margin of 4.37% and a return on equity of 15.30%. The company had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.26 billion. During the same period last year, the business earned $0.26 EPS. Option Care Health's quarterly revenue was up 16.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Option Care Health, Inc. will post 1.22 earnings per share for the current 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.