Jennison Associates LLC Reduces Stock Holdings in Option Care Health, Inc. (NASDAQ:OPCH)

Jennison Associates LLC lowered its stake in shares of Option Care Health, Inc. (NASDAQ:OPCH - Free Report) by 26.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 383,755 shares of the company's stock after selling 136,848 shares during the quarter. Jennison Associates LLC owned about 0.22% of Option Care Health worth $12,929,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. First Horizon Advisors Inc. purchased a new position in shares of Option Care Health during the third quarter valued at about $37,000. Headlands Technologies LLC grew its holdings in Option Care Health by 5,796.7% in the third quarter. Headlands Technologies LLC now owns 1,769 shares of the company's stock worth $57,000 after purchasing an additional 1,739 shares during the period. IFP Advisors Inc grew its holdings in Option Care Health by 20,350.0% in the third quarter. IFP Advisors Inc now owns 2,454 shares of the company's stock worth $79,000 after purchasing an additional 2,442 shares during the period. Fifth Third Bancorp grew its holdings in Option Care Health by 219.6% in the third quarter. Fifth Third Bancorp now owns 2,723 shares of the company's stock worth $88,000 after purchasing an additional 1,871 shares during the period. Finally, International Assets Investment Management LLC grew its holdings in Option Care Health by 1,513.7% in the fourth quarter. International Assets Investment Management LLC now owns 3,066 shares of the company's stock worth $103,000 after purchasing an additional 2,876 shares during the period. Hedge funds and other institutional investors own 98.05% of the company's stock.

Analyst Upgrades and Downgrades

OPCH has been the topic of several analyst reports. Jefferies Financial Group upped their target price on shares of Option Care Health from $36.00 to $38.00 and gave the stock a "buy" rating in a research note on Monday, March 4th. Barrington Research reiterated an "outperform" rating and issued a $38.00 target price on shares of Option Care Health in a research note on Wednesday.

Insiders Place Their Bets

In other Option Care Health news, Director Harry M. Jansen Kraemer, Jr. purchased 35,000 shares of the firm's stock in a transaction on Monday, February 26th. The shares were acquired at an average cost 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 acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.64% of the company's stock.

Option Care Health Stock Up 1.1 %

Shares of NASDAQ OPCH traded up $0.32 during midday trading on Friday, hitting $29.61. The stock had a trading volume of 1,759,662 shares, compared to its average volume of 1,297,141. The company has a market cap of $5.15 billion, a P/E ratio of 19.55, a PEG ratio of 1.65 and a beta of 1.22. The business's 50 day moving average is $32.04 and its 200-day moving average is $31.50. Option Care Health, Inc. has a 52 week low of $24.23 and a 52 week high of $35.74. The company has a quick ratio of 1.33, a current ratio of 1.77 and a debt-to-equity ratio of 0.74.

Option Care Health (NASDAQ:OPCH - Get Free Report) last issued its quarterly earnings data on Tuesday, April 23rd. The company reported $0.26 earnings per share for the quarter, beating analysts' consensus estimates of $0.22 by $0.04. The company had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.10 billion. Option Care Health had a net margin of 6.15% and a return on equity of 18.92%. The firm's revenue for the quarter was up 12.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.21 earnings per share. As a group, analysts predict that Option Care Health, Inc. will post 1.17 EPS 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.