Teacher Retirement System of Texas Grows Stock Position in Option Care Health, Inc. (NASDAQ:OPCH)

Teacher Retirement System of Texas lifted its holdings in shares of Option Care Health, Inc. (NASDAQ:OPCH - Free Report) by 73.0% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 107,644 shares of the company's stock after acquiring an additional 45,431 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.07% of Option Care Health worth $3,762,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in shares of Option Care Health by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 19,315,421 shares of the company's stock valued at $448,118,000 after acquiring an additional 75,313 shares in the last quarter. Wellington Management Group LLP raised its holdings in Option Care Health by 84.6% in the fourth quarter. Wellington Management Group LLP now owns 18,325,123 shares of the company's stock worth $425,143,000 after purchasing an additional 8,400,208 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Option Care Health by 17.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,988,051 shares of the company's stock worth $92,518,000 after purchasing an additional 591,042 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Option Care Health by 11.8% during the fourth quarter. Northern Trust Corp now owns 2,626,478 shares of the company's stock valued at $60,934,000 after acquiring an additional 278,158 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Option Care Health during the fourth quarter valued at $60,219,000. Institutional investors own 98.05% of the company's stock.

Option Care Health Stock Performance

Shares of OPCH stock traded down $0.05 during mid-day trading on Thursday, reaching $30.60. The stock had a trading volume of 252,625 shares, compared to its average volume of 1,892,774. The business's fifty day moving average is $31.90 and its 200-day moving average is $31.26. 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 cap of $5.01 billion, a price-to-earnings ratio of 24.67, a PEG ratio of 1.86 and a beta of 0.73. Option Care Health, Inc. has a 1-year low of $21.39 and a 1-year high of $35.53.

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

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on OPCH. JMP Securities restated a "market outperform" rating and set a $36.00 price target on shares of Option Care Health in a report on Wednesday, June 18th. Barrington Research reaffirmed an "outperform" rating and issued a $38.00 price objective on shares of Option Care Health in a research report on Wednesday, April 30th. Finally, UBS Group raised Option Care Health from a "neutral" rating to a "buy" rating and upped their price objective for the company from $38.00 to $40.00 in a research report on Wednesday, April 30th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $35.50.

Option Care Health Company 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.