Teacher Retirement System of Texas Acquires 45,431 Shares of Option Care Health, Inc. (NASDAQ:OPCH)

Teacher Retirement System of Texas boosted its position in Option Care Health, Inc. (NASDAQ:OPCH - Free Report) by 73.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund 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 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 institutional investors have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC increased its stake in Option Care Health by 6,525,926.1% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,500,986 shares of the company's stock valued at $52,459,000 after acquiring an additional 1,500,963 shares during the last quarter. Bessemer Group Inc. increased its stake in Option Care Health by 62.3% in the first quarter. Bessemer Group Inc. now owns 1,560 shares of the company's stock valued at $54,000 after acquiring an additional 599 shares during the last quarter. Wealthquest Corp bought a new position in Option Care Health in the first quarter valued at $66,000. Sheets Smith Wealth Management increased its stake in Option Care Health by 2.6% in the first quarter. Sheets Smith Wealth Management now owns 24,481 shares of the company's stock valued at $856,000 after acquiring an additional 625 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. increased its stake in Option Care Health by 33.0% in the first quarter. Oppenheimer Asset Management Inc. now owns 49,132 shares of the company's stock valued at $1,717,000 after acquiring an additional 12,180 shares during the last quarter. Institutional investors own 98.05% of the company's stock.

Option Care Health Trading Down 2.0%

Shares of NASDAQ:OPCH traded down $0.61 on Friday, reaching $29.88. 1,042,047 shares of the company traded hands, compared to its average volume of 1,853,941. The business's 50-day simple moving average is $31.86 and its 200 day simple moving average is $31.31. Option Care Health, Inc. has a 52 week low of $21.39 and a 52 week high of $35.53. The stock has a market capitalization of $4.89 billion, a P/E ratio of 24.10, a price-to-earnings-growth ratio of 1.85 and a beta of 0.73. The company has a current ratio of 1.54, a quick ratio of 1.02 and a debt-to-equity ratio of 0.82.

Option Care Health (NASDAQ:OPCH - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $0.40 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.36 by $0.04. The firm had revenue of $1.33 billion for the quarter, compared to analysts' expectations of $1.26 billion. Option Care Health had a return on equity of 16.90% and a net margin of 4.12%. The company's revenue for the quarter was up 16.3% compared to the same quarter last year. During the same period last year, the firm earned $0.26 earnings per share. As a group, equities analysts anticipate that Option Care Health, Inc. will post 1.22 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. UBS Group raised Option Care Health from a "neutral" rating to a "buy" rating and increased their target price for the company from $38.00 to $40.00 in a research note on Wednesday, April 30th. Barrington Research reissued an "outperform" rating and issued a $38.00 target price on shares of Option Care Health in a research note on Thursday. Finally, JMP Securities reaffirmed a "market outperform" rating and set a $36.00 price objective on shares of Option Care Health in a research note on Wednesday, June 18th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, Option Care Health presently has an average rating of "Moderate Buy" and an average price target 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.