Virtu Financial LLC Invests $1.16 Million in Option Care Health, Inc. (NASDAQ:OPCH)

Key Points

• Virtu Financial LLC acquired 33,171 shares of Option Care Health, Inc., valued at approximately $1,159,000, as reported in its latest SEC filing.
• Additionally, the company has a market capitalization of $4.52 billion and recently reported earnings of $0.41 per share, surpassing analyst expectations.
• A number of research firms have adjusted their ratings, with JMP Securities increasing its target price for the stock from $36.00 to $38.00 and maintaining a "market outperform" rating.

Virtu Financial LLC bought a new stake in shares of Option Care Health, Inc. (NASDAQ:OPCH - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 33,171 shares of the company's stock, valued at approximately $1,159,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Public Employees Retirement System of Ohio grew its stake in shares of Option Care Health by 21.6% in 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 in the last quarter. US Bancorp DE grew its stake in shares of Option Care Health by 5.0% in the 1st quarter. US Bancorp DE now owns 8,199 shares of the company's stock valued at $287,000 after buying an additional 393 shares in the last quarter. State of Michigan Retirement System grew its stake in shares of Option Care Health by 1.2% in the 1st quarter. State of Michigan Retirement System now owns 40,759 shares of the company's stock valued at $1,425,000 after buying an additional 500 shares in the last quarter. Louisiana State Employees Retirement System grew its stake in shares of Option Care Health by 1.1% in the 1st quarter. Louisiana State Employees Retirement System now owns 47,700 shares of the company's stock valued at $1,667,000 after buying an additional 500 shares in the last quarter. Finally, State of Alaska Department of Revenue grew its stake in shares of Option Care Health by 2.7% in the 1st quarter. State of Alaska Department of Revenue now owns 19,931 shares of the company's stock valued at $696,000 after buying an additional 525 shares in the last quarter. Hedge funds and other institutional investors own 98.05% of the company's stock.

Analyst Ratings Changes

OPCH has been the subject of several recent research reports. Barrington Research reissued an "outperform" rating and issued a $38.00 price target on shares of Option Care Health in a research note on Thursday, July 10th. JMP Securities boosted their price target 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. UBS Group raised Option Care Health from a "neutral" rating to a "buy" rating and boosted their price target for the company from $38.00 to $40.00 in a research note on Wednesday, April 30th. Finally, Citigroup reaffirmed an "outperform" rating on shares of Option Care Health in a research report on Thursday, July 31st. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $35.75.

Option Care Health Stock Performance

Option Care Health stock traded down $0.09 during trading hours on Friday, reaching $28.32. 1,179,882 shares of the company were exchanged, compared to its average volume of 1,593,526. 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. The company has a current ratio of 1.52, a quick ratio of 1.00 and a debt-to-equity ratio of 0.81. The stock has a 50-day moving average of $30.29 and a 200 day moving average of $31.85. Option Care Health, Inc. has a 12 month low of $21.39 and a 12 month high of $35.53.

Option Care Health (NASDAQ:OPCH - Get Free Report) last announced its earnings results on Wednesday, July 30th. The company reported $0.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 analysts' expectations of $1.35 billion. During the same quarter in the prior year, the business earned $0.30 earnings per share. The company's revenue was up 15.4% on a year-over-year basis. As a group, research analysts anticipate that Option Care Health, Inc. will post 1.22 earnings per share for the current year.

About Option Care Health

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.