Wedge Capital Management L L P NC cut its holdings in shares of Option Care Health, Inc. (NASDAQ:OPCH - Free Report) by 15.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor 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 0.07% of Option Care Health worth $4,134,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. Murphy & Mullick Capital Management Corp purchased a new stake in shares of Option Care Health during the fourth quarter valued at $26,000. Signaturefd LLC grew its holdings in shares of Option Care Health by 487.9% during the fourth quarter. Signaturefd LLC now owns 1,211 shares of the company's stock valued at $28,000 after buying an additional 1,005 shares during the last quarter. Quadrant Capital Group LLC grew its holdings in shares of Option Care Health by 172.8% during the fourth quarter. Quadrant Capital Group LLC now owns 1,735 shares of the company's stock valued at $40,000 after buying an additional 1,099 shares during the last quarter. Public Employees Retirement System of Ohio grew its holdings in shares of 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 valued at $43,000 after buying an additional 332 shares during the last quarter. Finally, Johnson Financial Group Inc. purchased a new stake in shares of Option Care Health during the fourth quarter valued at $47,000. 98.05% of the stock is owned by institutional investors and hedge funds.
Option Care Health Price Performance
Shares of OPCH stock traded down $0.27 during mid-day trading on Friday, hitting $31.60. 1,119,035 shares of the stock were exchanged, compared to its average volume of 1,866,710. The firm has a fifty day moving average of $32.24 and a 200 day moving average of $30.21. The company has a quick ratio of 1.32, a current ratio of 1.73 and a debt-to-equity ratio of 0.77. Option Care Health, Inc. has a 52-week low of $21.39 and a 52-week high of $35.53. The company has a market cap of $5.17 billion, a PE ratio of 26.55, a price-to-earnings-growth ratio of 2.30 and a beta of 0.74.
Option Care Health (NASDAQ:OPCH - Get Free Report) last posted its 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 business had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.26 billion. During the same period in the prior year, the company posted $0.26 EPS. The company's revenue for the quarter was up 16.3% on a year-over-year basis. Research analysts anticipate that Option Care Health, Inc. will post 1.22 earnings per share for the current year.
Analyst Upgrades and Downgrades
OPCH has been the topic of a number of research analyst reports. JPMorgan Chase & Co. boosted their price objective on shares of Option Care Health from $40.00 to $41.00 and gave the company an "overweight" rating in a report on Thursday, March 6th. JMP Securities reissued a "market outperform" rating and set a $36.00 price objective on shares of Option Care Health in a report on Tuesday, April 22nd. UBS Group raised shares of Option Care Health from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $38.00 to $40.00 in a report on Wednesday, April 30th. Finally, Barrington Research reaffirmed an "outperform" rating and issued a $38.00 price target on shares of Option Care Health in a report on Wednesday, April 30th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $35.50.
View Our Latest Stock Analysis on OPCH
Option Care Health Company Profile
(
Free Report)
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.
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