Option Care Health, Inc. (NASDAQ:OPCH) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas lessened its holdings in shares of Option Care Health, Inc. (NASDAQ:OPCH - Free Report) by 16.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 136,639 shares of the company's stock after selling 26,159 shares during the quarter. Teacher Retirement System of Texas owned 0.08% of Option Care Health worth $4,603,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of OPCH. Principal Securities Inc. bought a new stake in shares of Option Care Health in the fourth quarter valued at approximately $27,000. First Horizon Advisors Inc. purchased a new position in shares of Option Care Health in the third quarter valued at $37,000. Headlands Technologies LLC lifted its holdings in Option Care Health by 5,796.7% during 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. Fifth Third Bancorp increased its position in shares of Option Care Health by 219.6% during the third quarter. Fifth Third Bancorp now owns 2,723 shares of the company's stock valued at $88,000 after buying an additional 1,871 shares during the period. Finally, Parkside Financial Bank & Trust lifted its stake in Option Care Health by 24,250.0% in the 4th quarter. Parkside Financial Bank & Trust now owns 2,922 shares of the company's stock worth $98,000 after purchasing an additional 2,910 shares in the last quarter. 98.05% of the stock is owned by hedge funds and other institutional investors.

Option Care Health Stock Down 0.4 %

OPCH stock traded down $0.12 during midday trading on Tuesday, hitting $29.97. The company's stock had a trading volume of 1,437,809 shares, compared to its average volume of 1,311,436. The company has a current ratio of 1.77, a quick ratio of 1.39 and a debt-to-equity ratio of 0.74. The company has a market cap of $5.21 billion, a PE ratio of 19.80, a P/E/G ratio of 1.46 and a beta of 1.26. The firm's 50-day moving average is $31.41 and its 200-day moving average is $31.37. Option Care Health, Inc. has a 12 month low of $26.17 and a 12 month high of $35.74.

Option Care Health (NASDAQ:OPCH - Get Free Report) last announced its quarterly earnings data on Tuesday, April 23rd. The company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.22 by $0.04. The business had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.10 billion. Option Care Health had a return on equity of 18.92% and a net margin of 6.15%. The business's revenue was up 12.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.21 earnings per share. On average, equities research analysts forecast that Option Care Health, Inc. will post 1.19 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have weighed in on OPCH. 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 research note on Monday, March 4th. Barrington Research reissued an "outperform" rating and issued a $38.00 price target on shares of Option Care Health in a research report on Wednesday, April 24th.

Insider Buying and Selling

In other Option Care Health 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 purchased at an average price of $31.55 per share, with a total value of $1,104,250.00. Following the completion of the purchase, the director now owns 269,528 shares in the company, valued at approximately $8,503,608.40. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.64% of the stock is owned by company insiders.

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.