Teca Partners LP Purchases New Stake in Option Care Health, Inc. $OPCH

Key Points

• Teca Partners LP has made a new investment of approximately $13.46 million in Option Care Health, Inc., acquiring 385,153 shares, which now represent about 9.7% of their portfolio.
• Insider purchases were notable, with Director Harry M. Jansen Kraemer, Jr. buying 36,000 shares and Director Timothy P. Sullivan acquiring 20,000 shares, indicating confidence in the company's future.
• Option Care Health recently reported a quarterly earnings per share (EPS) of $0.41, exceeding analyst expectations and showing a 15.4% increase in year-over-year revenue.

Teca Partners LP bought a new position in shares of Option Care Health, Inc. (NASDAQ:OPCH - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 385,153 shares of the company's stock, valued at approximately $13,461,000. Option Care Health accounts for 9.7% of Teca Partners LP's investment portfolio, making the stock its 4th biggest position. Teca Partners LP owned about 0.24% of Option Care Health at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio boosted its position in 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 worth $43,000 after purchasing an additional 332 shares during the period. US Bancorp DE boosted its position in shares of Option Care Health by 5.0% in the first quarter. US Bancorp DE now owns 8,199 shares of the company's stock valued at $287,000 after acquiring an additional 393 shares during the period. State of Michigan Retirement System boosted its position in shares of Option Care Health by 1.2% in the first quarter. State of Michigan Retirement System now owns 40,759 shares of the company's stock valued at $1,425,000 after acquiring an additional 500 shares during the period. Louisiana State Employees Retirement System boosted its position in shares of Option Care Health by 1.1% in the first quarter. Louisiana State Employees Retirement System now owns 47,700 shares of the company's stock valued at $1,667,000 after acquiring an additional 500 shares during the period. Finally, State of Alaska Department of Revenue boosted its position in shares of Option Care Health by 2.7% in the first quarter. State of Alaska Department of Revenue now owns 19,931 shares of the company's stock valued at $696,000 after acquiring an additional 525 shares during the period. Institutional investors own 98.05% of the company's stock.

Option Care Health Price Performance

Option Care Health stock traded down $0.07 during mid-day trading on Friday, hitting $28.68. 1,554,512 shares of the company were exchanged, compared to its average volume of 1,808,057. The company has a quick ratio of 1.00, a current ratio of 1.52 and a debt-to-equity ratio of 0.81. The business has a fifty day moving average of $29.60 and a 200 day moving average of $31.65. Option Care Health, Inc. has a 1-year low of $21.39 and a 1-year high of $35.53. The company has a market capitalization of $4.65 billion, a PE ratio of 22.94, a price-to-earnings-growth ratio of 1.75 and a beta of 0.79.

Option Care Health (NASDAQ:OPCH - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.01. Option Care Health had a return on equity of 17.53% and a net margin of 3.93%.The firm had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.35 billion. During the same period in the prior year, the company posted $0.30 earnings per share. The business's revenue for the quarter was up 15.4% compared to the same quarter last year. Option Care Health has set its FY 2025 guidance at 1.650-1.720 EPS. As a group, sell-side analysts expect that Option Care Health, Inc. will post 1.22 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on OPCH. Barrington Research reissued an "outperform" rating and issued a $38.00 price objective on shares of Option Care Health in a research report on Thursday, July 10th. Citigroup restated an "outperform" rating on shares of Option Care Health in a research note on Thursday, July 31st. Finally, JMP Securities upped their target price on Option Care Health from $36.00 to $38.00 and gave the company a "market outperform" rating in a research note on Thursday, July 31st. Eight research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $35.75.

Insider Buying and Selling at Option Care Health

In other Option Care Health news, Director Harry M. Jansen Kraemer, Jr. bought 36,000 shares of the firm's stock in a transaction dated Wednesday, August 20th. The shares were bought at an average price of $27.15 per share, for a total transaction of $977,400.00. Following the completion of the acquisition, the director owned 375,390 shares of the company's stock, valued at approximately $10,191,838.50. This trade represents a 10.61% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Timothy P. Sullivan bought 20,000 shares of the firm's stock in a transaction dated Thursday, August 21st. The shares were acquired at an average price of $27.51 per share, for a total transaction of $550,200.00. Following the acquisition, the director directly owned 49,229 shares of the company's stock, valued at approximately $1,354,289.79. The trade was a 68.43% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.64% of the company's stock.

Option Care Health 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.