Option Care Health, Inc. (NASDAQ:OPCH) Shares Purchased by Game Creek Capital LP

Game Creek Capital LP increased its holdings in shares of Option Care Health, Inc. (NASDAQ:OPCH - Free Report) by 466.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 85,000 shares of the company's stock after buying an additional 70,000 shares during the quarter. Game Creek Capital LP's holdings in Option Care Health were worth $1,972,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Murphy & Mullick Capital Management Corp purchased a new position in Option Care Health during the fourth quarter valued at $26,000. UMB Bank n.a. lifted its position in Option Care Health by 41.7% during the fourth quarter. UMB Bank n.a. now owns 1,176 shares of the company's stock worth $27,000 after buying an additional 346 shares in the last quarter. Signaturefd LLC raised its stake in Option Care Health by 487.9% during the fourth quarter. Signaturefd LLC now owns 1,211 shares of the company's stock worth $28,000 after purchasing an additional 1,005 shares during the period. Quadrant Capital Group LLC raised its position in Option Care Health by 172.8% in the fourth quarter. Quadrant Capital Group LLC now owns 1,735 shares of the company's stock valued at $40,000 after purchasing an additional 1,099 shares during the period. Finally, Johnson Financial Group Inc. purchased a new stake in shares of Option Care Health in the 4th quarter valued at approximately $47,000. 98.05% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Option Care Health

In other news, insider Michael Bavaro sold 30,996 shares of Option Care Health stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $33.26, for a total value of $1,030,926.96. Following the completion of the transaction, the insider now directly owns 44,974 shares of the company's stock, valued at approximately $1,495,835.24. The trade was a 40.80% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.64% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on OPCH shares. Jefferies Financial Group upgraded shares of Option Care Health from a "hold" rating to a "buy" rating and lifted their price objective for the company from $26.00 to $35.00 in a report on Thursday, January 23rd. JPMorgan Chase & Co. upped their target price on Option Care Health from $40.00 to $41.00 and gave the company an "overweight" rating in a research report on Thursday, March 6th. Barrington Research reaffirmed an "outperform" rating and set a $38.00 price objective on shares of Option Care Health in a research report on Wednesday, April 30th. UBS Group raised Option Care Health from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $38.00 to $40.00 in a research report on Wednesday, April 30th. Finally, JMP Securities reaffirmed a "market outperform" rating and set a $36.00 price objective on shares of Option Care Health in a research report on Tuesday, April 22nd. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $35.50.

Option Care Health Stock Down 0.4%

Shares of OPCH stock traded down $0.13 during trading hours on Thursday, reaching $31.66. The company had a trading volume of 84,748 shares, compared to its average volume of 2,050,989. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.32 and a current ratio of 1.73. Option Care Health, Inc. has a twelve month low of $21.39 and a twelve month high of $35.53. The company has a market capitalization of $5.18 billion, a P/E ratio of 26.63, a price-to-earnings-growth ratio of 2.30 and a beta of 0.76. The stock's fifty day simple moving average is $33.09 and its 200 day simple moving average is $28.94.

Option Care Health (NASDAQ:OPCH - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $0.40 earnings per share for the quarter, beating analysts' consensus estimates of $0.36 by $0.04. The firm had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.26 billion. Option Care Health had a return on equity of 15.30% and a net margin of 4.37%. Option Care Health's quarterly revenue was up 16.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.26 EPS. As a group, sell-side analysts expect that Option Care Health, Inc. will post 1.22 earnings per share for the current fiscal year.

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.