Mutual of America Capital Management LLC increased its position in shares of Option Care Health, Inc. (NASDAQ:OPCH - Free Report) by 63.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 190,684 shares of the company's stock after acquiring an additional 73,938 shares during the period. Mutual of America Capital Management LLC owned about 0.11% of Option Care Health worth $6,424,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of OPCH. BlackRock Inc. boosted its position in Option Care Health by 8.5% in the 1st quarter. BlackRock Inc. now owns 21,444,169 shares of the company's stock valued at $681,281,000 after buying an additional 1,671,783 shares during the period. Vanguard Group Inc. grew its stake in Option Care Health by 11.8% during the 3rd quarter. Vanguard Group Inc. now owns 19,319,352 shares of the company's stock worth $624,981,000 after purchasing an additional 2,037,162 shares in the last quarter. State Street Corp grew its stake in Option Care Health by 1.0% during the 2nd quarter. State Street Corp now owns 5,497,168 shares of the company's stock worth $178,603,000 after purchasing an additional 52,404 shares in the last quarter. Third Point LLC increased its holdings in Option Care Health by 55.7% during the 3rd quarter. Third Point LLC now owns 5,450,659 shares of the company's stock worth $176,329,000 after purchasing an additional 1,950,659 shares during the period. Finally, FMR LLC raised its position in Option Care Health by 10.8% in the 3rd quarter. FMR LLC now owns 3,717,299 shares of the company's stock valued at $120,255,000 after purchasing an additional 362,828 shares in the last quarter. 98.05% of the stock is currently owned by hedge funds and other institutional investors.
Option Care Health Stock Down 3.2 %
Shares of NASDAQ:OPCH traded down $0.99 on Friday, hitting $30.42. 1,097,917 shares of the company's stock were exchanged, compared to its average volume of 897,475. Option Care Health, Inc. has a 1-year low of $24.23 and a 1-year high of $35.74. The company has a market capitalization of $5.29 billion, a PE ratio of 20.69, a P/E/G ratio of 1.79 and a beta of 1.22. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.33 and a current ratio of 1.77. The firm's 50-day moving average is $32.38 and its 200 day moving average is $31.63.
Option Care Health (NASDAQ:OPCH - Get Free Report) last announced its quarterly earnings results on Thursday, February 22nd. The company reported $0.32 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.29 by $0.03. Option Care Health had a return on equity of 18.78% and a net margin of 6.21%. The firm had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same period in the prior year, the company posted $0.26 earnings per share. The firm's quarterly revenue was up 9.5% compared to the same quarter last year. Sell-side analysts predict that Option Care Health, Inc. will post 1.13 EPS for the current year.
Wall Street Analysts Forecast Growth
A number of research firms recently weighed in on OPCH. Barrington Research upped their target price on shares of Option Care Health from $35.00 to $38.00 and gave the stock an "outperform" rating in a research note on Friday, February 23rd. Jefferies Financial Group boosted their price target on shares of Option Care Health from $36.00 to $38.00 and gave the stock a "buy" rating in a report on Monday, March 4th.
Get Our Latest Report on OPCH
Insider Activity at Option Care Health
In other news, Director Harry M. Jansen Kraemer, Jr. bought 35,000 shares of the business's stock in a transaction dated Monday, February 26th. The shares were acquired at an average price of $31.55 per share, for a total transaction of $1,104,250.00. Following the completion of the transaction, the director now owns 269,528 shares of the company's stock, valued at $8,503,608.40. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.38% of the company's stock.
Option Care Health Profile
(
Free Report)
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.
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