Kornitzer Capital Management Inc. KS Has $11.70 Million Stock Position in Option Care Health, Inc. (NASDAQ:OPCH)

Kornitzer Capital Management Inc. KS lifted its stake in shares of Option Care Health, Inc. (NASDAQ:OPCH - Free Report) by 58.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 347,125 shares of the company's stock after purchasing an additional 128,125 shares during the quarter. Kornitzer Capital Management Inc. KS owned about 0.20% of Option Care Health worth $11,695,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Financial Management Professionals Inc. acquired a new position in Option Care Health during the third quarter worth about $29,000. First Horizon Advisors Inc. purchased a new position in Option Care Health in the 3rd quarter worth about $37,000. Advisors Asset Management Inc. increased its stake in Option Care Health by 121.4% in the 1st quarter. Advisors Asset Management Inc. now owns 1,337 shares of the company's stock worth $42,000 after purchasing an additional 733 shares in the last quarter. NewEdge Advisors LLC increased its stake in Option Care Health by 1,031.9% in the 1st quarter. NewEdge Advisors LLC now owns 1,562 shares of the company's stock worth $50,000 after purchasing an additional 1,424 shares in the last quarter. Finally, Headlands Technologies LLC increased its stake in Option Care Health by 5,796.7% in the 3rd quarter. Headlands Technologies LLC now owns 1,769 shares of the company's stock worth $57,000 after purchasing an additional 1,739 shares in the last quarter. 98.05% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Harry M. Jansen Kraemer, Jr. purchased 35,000 shares of Option Care Health stock in a transaction dated Monday, February 26th. The stock was acquired at an average cost of $31.55 per share, for a total transaction of $1,104,250.00. Following the acquisition, the director now directly owns 269,528 shares in the company, valued at $8,503,608.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.64% of the stock is owned by corporate insiders.

Option Care Health Stock Up 0.6 %

NASDAQ:OPCH traded up $0.18 on Friday, hitting $31.08. 2,029,765 shares of the company's stock traded hands, compared to its average volume of 887,722. The company has a current ratio of 1.77, a quick ratio of 1.33 and a debt-to-equity ratio of 0.74. Option Care Health, Inc. has a 1 year low of $24.23 and a 1 year high of $35.74. The firm has a 50-day moving average price of $32.27 and a 200-day moving average price of $31.56. The company has a market cap of $5.40 billion, a PE ratio of 21.14, a price-to-earnings-growth ratio of 1.76 and a beta of 1.22.

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 the consensus estimate of $0.29 by $0.03. The business had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.09 billion. Option Care Health had a return on equity of 18.78% and a net margin of 6.21%. The firm's revenue was up 9.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.26 EPS. Equities analysts anticipate that Option Care Health, Inc. will post 1.13 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Barrington Research lifted their price target on 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 lifted their price target on Option Care Health from $36.00 to $38.00 and gave the stock a "buy" rating in a research note on Monday, March 4th.

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.