Option Care Health, Inc. $OPCH Shares Sold by Wellington Management Group LLP

Key Points

• Wellington Management Group LLP reduced its holdings in Option Care Health by 10.6%, selling over 1.9 million shares during the first quarter, retaining approximately 10.01% of the company valued at $572.8 million.
• Despite Wellington's reduction, other institutional investors like Brooklyn Investment Group and Bessemer Group Inc. increased their stakes significantly, indicating ongoing interest in Option Care Health.
• Analysts have a positive outlook on Option Care Health, with several upgrades and a consensus rating of "Moderate Buy", and an average target price of $35.75.

Wellington Management Group LLP reduced its position in Option Care Health, Inc. (NASDAQ:OPCH - Free Report) by 10.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,388,762 shares of the company's stock after selling 1,936,361 shares during the quarter. Wellington Management Group LLP owned approximately 10.01% of Option Care Health worth $572,787,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Brooklyn Investment Group grew its position in Option Care Health by 186.6% in the 1st quarter. Brooklyn Investment Group now owns 1,198 shares of the company's stock valued at $42,000 after acquiring an additional 780 shares in the last quarter. Bessemer Group Inc. grew its position in Option Care Health by 62.3% in the 1st quarter. Bessemer Group Inc. now owns 1,560 shares of the company's stock valued at $54,000 after acquiring an additional 599 shares in the last quarter. Public Employees Retirement System of Ohio grew its position in Option Care Health by 21.6% in the 4th 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 in the last quarter. Wealthquest Corp acquired a new position in Option Care Health in the 1st quarter valued at about $66,000. Finally, Farther Finance Advisors LLC grew its position in Option Care Health by 434.8% in the 1st quarter. Farther Finance Advisors LLC now owns 1,920 shares of the company's stock valued at $67,000 after acquiring an additional 1,561 shares in the last quarter. 98.05% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on OPCH shares. JMP Securities lifted their target price on 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. UBS Group raised Option Care Health from a "neutral" rating to a "buy" rating and lifted their target price for the company from $38.00 to $40.00 in a research report on Wednesday, April 30th. Citigroup reiterated an "outperform" rating on shares of Option Care Health in a research note on Thursday, July 31st. Finally, Barrington Research reiterated an "outperform" rating and issued a $38.00 price objective on shares of Option Care Health in a research note on Thursday, July 10th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $35.75.

Option Care Health Price Performance

OPCH stock opened at $28.19 on Tuesday. The business has a 50 day moving average price of $30.22 and a 200 day moving average price of $31.84. The stock has a market cap of $4.57 billion, a price-to-earnings ratio of 22.55, a PEG ratio of 1.79 and a beta of 0.79. Option Care Health, Inc. has a fifty-two week low of $21.39 and a fifty-two week high of $35.53. 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 posted its earnings results on Wednesday, July 30th. The company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.01. The firm had revenue of $1.42 billion during the quarter, compared to analysts' expectations of $1.35 billion. Option Care Health had a return on equity of 17.53% and a net margin of 3.93%. The firm's revenue was up 15.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.30 earnings per share. Equities research analysts anticipate that Option Care Health, Inc. will post 1.22 earnings per share 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.

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