Vanguard Group Inc. Sells 1,014,360 Shares of Option Care Health, Inc. (NASDAQ:OPCH)

Vanguard Group Inc. lessened its stake in Option Care Health, Inc. (NASDAQ:OPCH - Free Report) by 5.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 18,301,061 shares of the company's stock after selling 1,014,360 shares during the quarter. Vanguard Group Inc. owned approximately 11.18% of Option Care Health worth $639,622,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. Public Employees Retirement System of Ohio grew its position in shares of Option Care Health by 21.6% during the 4th quarter. Public Employees Retirement System of Ohio now owns 1,870 shares of the company's stock valued at $43,000 after buying an additional 332 shares during the last quarter. Johnson Financial Group Inc. bought a new stake in shares of Option Care Health during the 4th quarter valued at about $47,000. Bessemer Group Inc. grew its position in shares of Option Care Health by 62.3% during the 1st quarter. Bessemer Group Inc. now owns 1,560 shares of the company's stock valued at $54,000 after buying an additional 599 shares during the last quarter. Wealthquest Corp bought a new stake in shares of Option Care Health during the 1st quarter valued at about $66,000. Finally, Farther Finance Advisors LLC grew its position in shares of Option Care Health by 434.8% during the 1st quarter. Farther Finance Advisors LLC now owns 1,920 shares of the company's stock valued at $67,000 after buying an additional 1,561 shares during the last quarter. Institutional investors and hedge funds own 98.05% of the company's stock.

Option Care Health Stock Performance

Option Care Health stock traded down $0.09 during mid-day trading on Friday, reaching $28.32. The company had a trading volume of 1,179,882 shares, compared to its average volume of 1,593,526. 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, Inc. has a 52 week low of $21.39 and a 52 week high of $35.53. The company has a 50 day moving average of $30.29 and a 200-day moving average of $31.85. The firm has a market cap of $4.60 billion, a price-to-earnings ratio of 22.66, a PEG ratio of 1.80 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 EPS for the quarter, topping analysts' consensus estimates of $0.40 by $0.01. The company had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.35 billion. Option Care Health had a net margin of 3.93% and a return on equity of 17.53%. The firm's revenue for the quarter was up 15.4% compared to the same quarter last year. During the same period last year, the firm earned $0.30 EPS. On average, sell-side analysts expect that Option Care Health, Inc. will post 1.22 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

OPCH has been the subject of a number of recent research reports. UBS Group raised shares of Option Care Health from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $38.00 to $40.00 in a research report on Wednesday, April 30th. Citigroup restated an "outperform" rating on shares of Option Care Health in a research report on Thursday, July 31st. Barrington Research restated an "outperform" rating and issued a $38.00 target price on shares of Option Care Health in a research report on Thursday, July 10th. Finally, JMP Securities upped their target price on shares of Option Care Health from $36.00 to $38.00 and gave the stock a "market outperform" rating in a research report on Thursday, July 31st. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat, Option Care Health has a consensus rating of "Moderate Buy" and a consensus price target of $35.75.

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.