Teachers Retirement System of The State of Kentucky Sells 51,385 Shares of Option Care Health, Inc. $OPCH

Key Points

• Teachers Retirement System of Kentucky sold 51,385 shares of Option Care Health in Q3, cutting its stake by 51.5% to 48,325 shares valued at about $1.34 million.
• Despite that sale, other institutions were active—Swedbank opened a new ~$49.5 million position while Boston Partners and Prudential materially increased stakes, leaving institutional ownership at about 98.05%.
• Option Care Health (OPCH) reported Q4 EPS of $0.46 (in line with estimates) and revenue of $1.47 billion (+8.8% YoY); analysts give it an average rating of "Moderate Buy" with a mean target of $37.27 and several recent upgrades.

Teachers Retirement System of The State of Kentucky lessened its holdings in shares of Option Care Health, Inc. (NASDAQ:OPCH - Free Report) by 51.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 48,325 shares of the company's stock after selling 51,385 shares during the quarter. Teachers Retirement System of The State of Kentucky's holdings in Option Care Health were worth $1,341,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of OPCH. Swedbank AB purchased a new position in shares of Option Care Health during the 3rd quarter valued at about $49,455,000. Boston Partners raised its position in shares of Option Care Health by 34.8% during the 2nd quarter. Boston Partners now owns 952,299 shares of the company's stock valued at $30,311,000 after purchasing an additional 245,990 shares during the period. Prudential Financial Inc. lifted its stake in shares of Option Care Health by 32.6% during the 2nd quarter. Prudential Financial Inc. now owns 396,158 shares of the company's stock valued at $12,867,000 after buying an additional 97,465 shares in the last quarter. Aristides Capital LLC bought a new position in Option Care Health in the 2nd quarter worth $249,000. Finally, Pacer Advisors Inc. bought a new stake in Option Care Health during the third quarter valued at about $593,000. 98.05% of the stock is owned by institutional investors.

Option Care Health Stock Down 0.8%

NASDAQ:OPCH opened at $30.48 on Friday. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.53 and a quick ratio of 0.96. Option Care Health, Inc. has a 1-year low of $24.24 and a 1-year high of $36.80. The company has a 50-day moving average of $33.89 and a 200 day moving average of $30.64. The firm has a market cap of $4.77 billion, a PE ratio of 23.81, a price-to-earnings-growth ratio of 1.72 and a beta of 0.85.

Option Care Health (NASDAQ:OPCH - Get Free Report) last announced its quarterly earnings results on Tuesday, February 24th. The company reported $0.46 earnings per share for the quarter, hitting the consensus estimate of $0.46. The firm had revenue of $1.47 billion during the quarter, compared to analysts' expectations of $1.46 billion. Option Care Health had a net margin of 3.67% and a return on equity of 18.57%. The company's revenue was up 8.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.44 EPS. As a group, research analysts anticipate that Option Care Health, Inc. will post 1.22 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

OPCH has been the subject of several research analyst reports. Barrington Research increased their target price on Option Care Health from $38.00 to $42.00 and gave the stock an "outperform" rating in a research report on Friday, January 16th. Jefferies Financial Group reaffirmed a "buy" rating and set a $37.00 target price on shares of Option Care Health in a research note on Tuesday, January 13th. Stephens upgraded shares of Option Care Health to a "strong-buy" rating in a research note on Thursday, December 11th. Wall Street Zen downgraded shares of Option Care Health from a "buy" rating to a "hold" rating in a report on Saturday, February 28th. Finally, Morgan Stanley lifted their target price on Option Care Health from $35.00 to $38.00 and gave the stock an "overweight" rating in a report on Tuesday, January 13th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $37.27.

About Option Care Health

Option Care Health NASDAQ: OPCH is a leading provider of home and alternate site infusion services in the United States. The company specializes in the administration of injectable therapies, including antibiotics, nutrition, hydration, immunoglobulin, pain management and specialty pharmaceuticals. Through its nationwide network of infusion pharmacies and nursing professionals, Option Care Health delivers customized care plans and in-home nursing visits to patients managing complex or chronic conditions outside of a hospital setting.

Option Care Health traces its current structure to the completion of its merger with BioScrip in early 2021, combining two of the industry's most experienced home infusion businesses.

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